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Dollar Tree Names Michael Creedon Jr. Permanent CEO
Dollar Tree said it has named Michael Creedon Jr. as the discount retailer’s permanent chief executive, removing the interim tag he has carried since early November.
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Lamb Weston Replaces CEO, Cuts Outlook
Lamb Weston Holdings said it was replacing its chief executive and slashing guidance again as demand for frozen potato products sputters, sending shares sharply lower.
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Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing
Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.
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Roche’s Parkinson’s Drug Candidate Misses Key Goal in Mid-Stage Study
An experimental Parkinson’s drug missed its primary goal in a mid-stage trial, Roche said, in what is the second setback this week for candidate treatments for the neurodegenerative condition.
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Thousands of Amazon Workers Strike During Pre-Christmas Rush
The action comes over contract negotiations and the company’s refusal to recognize the Teamsters labor union.
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Fed cuts by a quarter point, indicates fewer reductions ahead
The Federal Reserve on Wednesday announced its decision on interest rates.
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Why the stock market was so disappointed by the Fed Wednesday
Investors were more concerned with what the Fed projected in its forecast for 2025 than they were heartened by the December cut.