Whole Foods founder Mackey retakes helm in turnaround
LOS ANGELES (Reuters) – Whole Foods Market Inc is staking its future on blunt, vegan co-founder John Mackey, betting the man who built the high-end health food grocery chain has the best shot of leading its turnaround.
Oil prices rise on Nigeria pipeline attack, weaker dollar
SINGAPORE (Reuters) – Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows.
Target’s leadership shakeup continues, grocery chief steps down
CHICAGO (Reuters) – Target Corp said on Wednesday its grocery chief is stepping down, as the retailer struggles to overhaul a key business and attract more shoppers to visit its grocery aisles.
Fitbit forecasts dismal holiday quarter, shares sink
(Reuters) – Wearable fitness device maker Fitbit Inc’s revenue forecast for the key-holiday shopping quarter fell well below of analysts’ estimates, hurt by soft demand and production issues related to its new Flex 2 wristband.
Automakers are responsible for Takata air bag recalls: NHTSA
(Reuters) – Automakers have “ultimate responsibility” for the costs of replacing potentially deadly Takata Corp airbags, no matter what happens to the Japanese supplier, the top U.S. vehicle safety regulator said on Wednesday.
Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion
(Reuters) – Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers.
Facebook warns growth will slow, shares dip
(Reuters) – Facebook Inc shares tumbled 7 percent in after-hours trading on Wednesday as the world’s largest online social media network warned that revenue growth would slow this quarter, offsetting strong earnings that handily beat Wall Street estim…
Australia watchdog has concerns on Du Pont, Dow merger
SYDNEY (Reuters) – Australia’s corporate watchdog said on Thursday it had competition concerns about the planned $130 billion merger between DuPont and Dow Chemical Co and was in touch with overseas regulators on the deal.
SEC probes Wells Fargo over sales-practice disclosures: WSJ
(Reuters) – The Securities and Exchange Commission (SEC) is probing whether Wells Fargo & Co violated rules around investor disclosures and other matters relating to its recent sales tactics scandal, the Wall Street Journal reported on Wednesday.
U.S. sues DirecTV for illegal information trading during Dodgers talks
WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit on Wednesday against AT&T’s DirecTV, alleging it acted as a ringleader to illegally swap information with rival pay-TV providers about negotiations over showing Dodgers baseball games in the Los Angeles area.
