Walgreens and Kroger are expanding their partnership by testing a branded Kroger Express grocery section inside the drugstore chain. Amelie Lucas of CNBC.com had the news: The companies, which announced a partnership in October to sell some Kroger...
The cancer-focused biotech Tesaro is being acquired by pharmaceutical giant GlaxoSmithKline PLC for $5.1 billion. Adam Feuerstein of STAT had the news: The deal values Tesaro at $75 per share, or a 63 percent premium to...
Bayer AG plans to cut 12,000 jobs and exit its animal health business in an effort to mollify Wall Street, which has punished the company over the tidal wave of lawsuits that came alongside the...
Condé Nast Chief Executive Bob Sauerberg is stepping down, just months after he outlined an ambitious plan to return the magazine publisher to profitability by 2020. Jeffrey A. Trachtenberg of The Wall Street Journal had...
General Motors is poised to end production at five plants in the U.S. and Canada, kill off several passenger cars – including the Chevrolet Impala – and slash 15 percent of its salaried workforce in a sweeping cost-cutting...
Campbell Soup Co. and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over composition of the U.S. food company’s board of directors that will end a proxy contest that was due...
The arrest of Nissan Motor Co. Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance. David Kiley of Forbes had the...
Walmart reported better-than-expected third-quarter earnings amid solid same-store sales and accelerating e-commerce growth even as overall revenues were in line. Elaine Low of Investor’s Business Daily had the news: Estimates: Wall Street had expected Walmart earnings...
Shares of utility PG&E fell 21 percent on Wednesday after the company said that if its equipment is responsible for the “Camp Fire” burning in Northern California, the cost of the damage would exceed its insurance...
Kellogg Co. is selling its Keebler, Famous Amos and fruit snacks businesses, making it the latest Big Food company to look to pare down to focus on its core. Dawn Kopecki and Lauren Hirsch of CNBC.com had the...
