Arkhouse has the financing in place to take Macy's private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer's cooperation on due diligence. "At this stage, based on public information, there isn't...
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCJPMorgan Chase on Thursday said several executives considered frontrunners to one day take over for CEO Jamie Dimon had...
Check out the companies making headlines in after-hours trading. T-Mobile — The telecommunications stock shed 2.9%% after T-Mobile missed on earnings expectations for the fourth quarter, but beat on revenue. The company posted $1.67 per share in earnings, while analysts polled by LSEG expected $1.90 per share. Revenue came...
Michelle Gass, chief executive officer of Kohls Corp., at the National Retail Federation Inc. annual honors in New York, Jan. 12, 2020.Bess Adler | Bloomberg | Getty ImagesTurnover in C-suites spiked across industries last year — and in retail in particular.Next week, new CEOs will take over at both...
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019.Shannon Stapleton | ReutersLevi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday.The job cuts will take place in the first half of...
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as...
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.Michael N. Todaro | Getty ImagesWWE boss Vince McMahon was accused Thursday of sexual assault, trafficking, and physical and emotional abuse in a graphic lawsuit by a woman who previously worked for...
Chevrolet Cruise autonomous vehicles sit parked in a lot on June 08, 2023 in San Francisco, California.Justin Sullivan | Getty Images News | Getty ImagesCulture issues, ineptitude and poor leadership at General Motors' Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have...
