Business

Tesla has reportedly been searching for years for a No. 2 to ease CEO Elon Musk’s workload, even approaching Facebook Chief Operating Officer Sheryl Sandberg at one point. Executive recruiters and industry analysts agree Musk needs help. Musk’s erratic behavior on Twitter has reportedly drawn a federal securities investigation and put Musk himself at risk
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With respect to guidance, HPE said it’s expecting to report 39 to 44 cents in earnings per share, excluding certain items, in its fiscal fourth quarter. Analysts had expected 42 cents in earnings per share for the fiscal fourth quarter, according to Thomson Reuters. In the fiscal third quarter HPE announced a commitment to invest
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In the U.S., some high-profile humanities and liberal arts graduates have left their mark on the corporate world. A 2015 Time magazine list of humanities business luminaries includes Starbucks CEO Howard Schultz, who studied communications; HBO CEO Richard Plepler, who studied political science; and YouTube CEO Susan Wojcicki, who studied history and literature. John Mackey,
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Walmart, already the nation’s largest retailer, is trying to create a massive, digital marketplace to draw more shoppers to its website — and away from its biggest rival, Amazon. Starting Monday, edgy outdoor-gear company Moosejaw will be featured on Walmart’s website with its own, online destination. Purchased by Walmart in 2017, Moosejaw’s assortment of merchandise
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Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys as part of its long-term strategy, according to the ride-hailing app’s chief executive. Dara Khosrowshahi said more individual modes of transport were better suited to inner-city travel, despite snatching revenues away from Uber’s drivers. He admitted that in
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The United States has started a trade war with China, and art is caught in the cross-fire. The administration announced this month that President Trump had proposed duties as high as 25 percent on $200 billion worth of imported Chinese goods “to encourage China to change its harmful policies.” The proposed tariffs, initially set at
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Fresh off one of its best quarters in years, Target Corp. wants to step up its toy game ahead of the holiday season — its first without Toys R Us as a competitor. All remaining Toys R Us and Babies R Us stores shut down earlier this summer after the New Jersey-based retailer declared bankruptcy,
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