Petco announced on Wednesday that CEO Ron Coughlin will be stepping down, with board member R. Michael Mohan taking over as the interim chief executive. Coughlin will be serving as an advisor during this transition period. In his statement, Coughlin expressed pride in the work he’s done over the past five years. Mohan, who has
Business
Boeing’s latest crisis involving the Max planes has led to major repercussions for some of its biggest customers. Airline CEOs are being forced to reassess their growth plans for this year and potentially even for the years to come. This indicates the profound impact of Boeing’s continuous problems, including quality control issues, slow production increases,
Frontier Airlines recently introduced a new add-on option called UpFront Plus, aimed at providing passengers with more space and comfort on their flights. However, is this new offering truly worth it, or is it just another way for the airline to squeeze more money out of its customers? UpFront Plus is available in the first
The Lego company managed to achieve a 2% sales growth last year, bucking the trend of a 7% decline in the global toy industry. Despite the challenges posed by consumers cutting discretionary spending due to rising costs and increased credit card debt, Lego posted strong revenue numbers, reaching 65.9 billion Danish krone, which is approximately
Jessica Berman’s journey from aspiring teenager to commissioner of the National Women’s Soccer League is nothing short of remarkable. With a clear vision from a young age, she navigated her way through a career in law and sports management to ultimately lead one of the most influential sports leagues in the world. Upon taking the
The recent approval by the Food and Drug Administration of Novo Nordisk’s weight-loss drug Wegovy for reducing the risk of serious cardiovascular complications in adults with obesity and heart disease has the potential to reshape the landscape of obesity treatment. By recognizing the significant health benefits beyond weight loss and blood sugar regulation, the FDA’s
Terran Orbital, a prominent satellite manufacturer, is currently in a pivotal moment as it contemplates its future amidst Lockheed Martin’s recent acquisition offer. CEO Marc Bell revealed that the company is taking a comprehensive look at all possibilities moving forward. This includes evaluating Lockheed’s proposition, which values Terran Orbital at nearly $600 million, significantly below
United Airlines recently announced that they will be pausing pilot hiring this spring as a result of aircraft delivery delays from Boeing. This decision comes after ongoing issues with manufacturing and certification delays at the plane maker, impacting one of its biggest customers. The pause in new hire classes is expected to take place in
In the dynamic landscape of the financial sector, private equity players have been increasingly stepping up to rescue struggling American lenders. The recent announcement of a $1 billion-plus injection by New York Community Bank is a testament to this trend. Spearheaded by $450 million from ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, a consortium of
Target is set to report its financial results for the holiday quarter, as well as provide an outlook for the year ahead. The Wall Street analysts surveyed by LSEG are expecting the following for the company’s fourth quarter: – Earnings per share: $2.41 expected – Revenue: $31.83 billion expected Target, known for its sales of