Category: Business News

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Thames Water’s biggest creditors have told Britain’s water regulator that a proposed £3bn emergency loan cannot be used to pay fines. British the largest water companywhich derives all its revenue from its 16 million customers, has…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Sir Keir Starmer plans to bestow peerages on his former chief of staff, Sue Gray, as well as former MPs who have stepped down from safe Labor seats ahead of the UK general election to make…

Intel corp. The search for a new CEO will focus heavily on outsiders, with the chipmaker considering candidates such as Marvell technology Inc., Matt Murphy and ex Cadence Design Systems CEO Lip-Bu Tan, according to people familiar with the situation. The company has hired executive search firm Spencer Stuart to help find a new boss…

Mark Clouse, chief executive officer of Campbell’s Company, is leaving his post at the soup and snack maker to become president of the NFL’s Washington Commanders. Clouse will remain in his position until Jan. 31, the company announced Tuesday. Mick Beekhuizen, president of food and beverage, will succeed Clouse on February 1. Clouse became CEO…

Stay informed with free updates Simply log in to US stocks myFT summary — delivered straight to your inbox. Investors’ rush into AI stocks this year has outstripped the technology’s near-term potential, raising the risks of a “correction” in stock prices, asset management firm Vanguard has warned. Joe Davis, chief economist at Vanguard, said investors…

Last week was a big one for earnings results from major retailers, such as Abercrombie & Fitch, Dick’s Sporting Goods and Urban Outfitters among those boasting a better result in the third quarter and projecting optimism about sales at the end of the year. However, other giants in the space — think Kohl’s, Macy’s and…

Pat Gelsinger’s surprise resignation from the position of CEO of Intel on Monday ends his four-year effort to save the struggling chipmaker — and his chance to grab a big stock payout that could have been worth $140 million. Gelsinger isn’t leaving empty-handed, though: He earned at least $46 million, including severance, during his time…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Yoon Suk Yeol promised that as South Korea’s president, he would “rebuild this great nation” into one “that truly belongs to the people” when he delivered his inaugural speech in May 2022. Instead, his presidency has…

South Korea’s National Assembly has voted to block President Yoon Suk Yeol’s declaration of a state of emergency, as lawmakers and the head of state battle for control of the country. In a televised address on Tuesday night, Yoon announced an “extraordinary” state of emergency and accused the leftist majority in parliament of plotting a…

What would you do if you had a six-figure salary? Maybe you’d never cook another meal or indulge in a monthly Thai massage and Soho House membership to relieve the stress that comes with being on your A game. Here in Good life you no longer have to imagine what life at the top looks…