The Wall Street Journal: Renault appoints interim CEO, chairman after Ghosn’s arrest

The Wall Street Journal: Renault appoints interim CEO, chairman after Ghosn’s arrest

PARIS — Renault SA appointed interim leaders to manage the French auto maker after the arrest of Chief Executive Carlos Ghosn in Japan. After a meeting late Tuesday, Renault’s board said it had appointed the firm’s No. 2 executive, Thierry Bolloré, to serve as deputy CEO on a temporary basis and Philippe Lagayette, Renault’s lead → Read More

Personal Finance Daily: Why you should avoid romaine this Thanksgiving and Americans have spent over $3 billion fixing their smartphones

Personal Finance Daily: Why you should avoid romaine this Thanksgiving and Americans have spent over $3 billion fixing their smartphones

Happy Tuesday, MarketWatchers. Don’t miss these top stories: Personal Finance Alexandria Ocasio-Cortez has $7,000 in savings — and that’s more than double most millennials Pundits have criticized her modest savings, but many young people are impressed. Why you don’t want to serve romaine this Thanksgiving The CDC has warned against eating the popular lettuce due → Read More

The Wall Street Journal: Trump submits written answers to Mueller’s questions

The Wall Street Journal: Trump submits written answers to Mueller’s questions

WASHINGTON — Lawyers for President Donald Trump said they have submitted written responses to questions posed by special counsel Robert Mueller about possible collusion with Russia during the 2016 presidential election. Jay Sekulow, a lawyer for the president, said the questions were on “Russia-related topics” of the Mueller investigation. Rudy Giuliani, another lawyer for Trump, → Read More

The Ratings Game: Nvidia, AMD pave the way for chip sector’s bear market

The Ratings Game: Nvidia, AMD pave the way for chip sector’s bear market

A noted short seller may have helped a bit Tuesday, but the near-term outlook for the chip sector looks decidedly bearish. The PHLX Semiconductor Index SOX, +0.15%  closed up 0.2% at 1,174.82, just shy of finishing in bear-market territory Tuesday after spending the session drifting in and out. For the SOX index, a bear market → Read More

The Wall Street Journal: Walgreens, Humana may take stakes in each other, expand partnership

The Wall Street Journal: Walgreens, Humana may take stakes in each other, expand partnership

Drugstore owner Walgreens Boots Alliance Inc. and health insurer Humana Inc. are in preliminary discussions to take equity stakes in each other, according to people familiar with the matter, as health-industry players scramble for tie-ups that will help them compete in a rapidly evolving environment. The companies, which already have a partnership focused on serving → Read More

The Ratings Game: L Brands bringing back Victoria’s Secret’s swim business in 2019

The Ratings Game: L Brands bringing back Victoria’s Secret’s swim business in 2019

L Brands Chief Financial Officer Stuart Burgdoerfer said on the company’s third-quarter earnings call that Victoria’s Secret swim business is being revived, less than three years after the company said it would exit that “non-core” category. When asked what made the company decide to change course, Burgdoerfer declined to go into detail. “We’ll be back → Read More

Target shares take a beating after investments take a toll on margins

Target shares take a beating after investments take a toll on margins

Target Corp. shares tumbled 10.4% in Tuesday trading as major investments in areas like technology and fulfillment took a toll on margins. Target TGT, -10.53%   reported a margin decline to 28.7% during the third quarter, after margins of 29.6% last year. The company said supply chain costs owing to digital fulfillment and other expenses → Read More

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