Under pressure, veteran CEO of Bed Bath & Beyond withdraws

[ad_1] Steven Temares, President and CEO of Bed Bath & Beyond since 2003, resigned on Monday and resigned from his position on the Board of Directors of Bed Bath & Beyond. Temares will be replaced temporarily by Mary Winston, former director of finances of Family Dollar. She will currently be one of the few women … Read more

Elon Musk is on the verge of liquidating Warren Buffett's largest company

[ad_1] By NCC: A new report published by ARK Invest is extremely optimistic about Tesla and Uber's autonomous driving technology. But the autonomous revolution will have a huge cost for Warren Buffett's biggest business: insurance. The company, which manages a $ 3 billion asset, said the auto insurance industry was facing "the biggest threat in … Read more

Wall Street recedes again as China reacts on tariffs

[ad_1] (Reuters) – US stocks fell sharply on Monday after market opening after Beijing announced plans to retaliate with tariffs on US products. The Dow Jones Industrial Average fell 374.31 points, or 1.44%, to 25,568.06 at the opening. The S & P 500 opened down 41.21 points, or 1.43%, to 2,840.19. The Nasdaq Composite lost … Read more

Dow announces a 500-point dip in the market as investors fear an escalation of the trade war that threatens the economy

[ad_1] Thomas Heath Journalist and local business columnist, writing about entrepreneurs and businesses in the Washington metropolitan area May 13 at 9:59 US markets plunged on Monday as China announced that it would increase customs duties on $ 60 billion of US goods, thus increasing the stakes of a trade war threatening to jeopardize the … Read more

WestJet acquired by a private equity firm

[ad_1] It has just been announced that WestJet is acquired by Onex Corporation, a leading private equity firm. The value of the transaction is approximately $ 5 billion, including assumed debt. This is a 100% cash transaction and, according to the terms, Onex will acquire all of WestJet's outstanding shares at a price of $ … Read more

Bed Bath & Beyond replaces CEO under investor pressure

[ad_1] Bed Bath & Beyond, faced with increasing pressure from activist investors to reorganize its operations, reorganized its management team on Monday, replacing its CEO with an acting leader, the distressed retailer seeking a permanent leader. Mary Winston, a board member, will replace Steve Temares as CEO, the company's Union Township, New Jersey, news agency … Read more