Wal-Mart and Target saw new CEOs take the helm one year ago, and they have both launched efforts to build momentum for the retailers in a competitive market. Under Greg Foran, Wal-Mart is in the process of boosting its minimum wage and improving operations and fresh foods, while Target has posted a 36% increase in share prices under Brian Cornell following its departure from the Canadian market as it moves forward with updating its merchandise mix with a focus on grocery, style, kids and wellness.
Leaders affect individuals and the culture they operate in, and so knowing oneself -- your purpose, passions and boundaries -- is essential to success, Alaina Love writes. "Beyond the question 'Is what we're planning to do legal?' a strong value system will cause you to ask, 'Is this the right thing to do for our business and the promise of our brand?' " she notes.
Some school districts have introduced summer bridge programs to help ease the transition from middle to high school. This article discusses other strategies schools can consider, including launching "freshmen-only" first days of school and tapping upperclassmen to help welcome the freshmen.
Change is coming to almost every area of corporate finance, including earnings calls, data privacy and debt financing. Experts discuss issues they see as most important and offer tips for modern CFOs.
SuperValu will consider creating a separate, publicly-traded company for its Save-A-Lot discount grocery banner, in an effort to find more growth opportunities in a competitive industry, the retailer said Tuesday. The Save-A-Lot chain has more than 1,300 stores nationwide, with plans to open 100 more by early 2016.
The FDA approved Reshape Medical's inflatable stomach-filling balloon to aid weight loss in obese adults with at least one comorbidity who have been unsuccessful using diet and exercise alone. Data from the company's clinical trials showed people who got the balloon lost about 7% of their total body weight over six months but more than two-thirds gained it back after the device was removed.
Large surfaces such as walls, tables or other areas could serve as displays from mobile and connected devices with technology under development at Fujitsu Laboratories. Multiple users could access the system, displaying images on common spaces as well as individual screens.
American Eagle Outfitters saw a same-store sales increase of 7% in the first quarter and is in the process of shedding its reliance on sales and discounts by improving its inventory management and clothing offerings. "If we don't get clogged up in inventory, then we can really react to what's working, or what's not working," said Chad Kessler, the retailer's global brand president.
Motorola will release a pair of new Moto X and Moto G phones in the U.S. and a third handset that it will limit to overseas sales, the Lenovo unit said Tuesday. The new $399 Moto X Style -- which will be marketed as the Moto X Pure Edition in the U.S. -- will run on any network and feature a 5.7-inch display. A revamped Moto G, Motorola's most popular phone, will cost $180.
Merck will purchase cCAM Biotherapeutics in a deal worth $605 million. The deal boosts Merck's immunotherapy pipeline, giving it access to cCAM's monoclonal antibody, CM-24, which is in an early-stage trial as a treatment for advanced or recurrent cancers. Under the terms of the agreement, Merck will purchase all outstanding cCAM stock in exchange for a $95 million upfront cash payment, and shareholders of cCAM will receive up to $510 million in potential milestone fees.
Verizon Communications and HBO Now have signed a multiplatform deal that will allow the telecom to offer the streaming video service to more than 100 million digital customers, as well as to non-Verizon mobile device owners. Verizon will offer HBO on its mobile-first video service and to stand-alone broadband customers for $15 a month.
Research by the University of Vermont, the U.S. Geological Survey and others shows that Washington, D.C., is expected to sink 6 inches or more during the next century. The study, published in the journal GSA Today, shows that the water level around the Chesapeake Bay "is rising at twice the global average rate and faster than elsewhere on the East Coast." The researchers attribute the subsidence to "forebulge collapse" -- land returning to its normal level after having been raised by an ice sheet thousands of years ago.
President Barack Obama is expected to reject the Keystone XL pipeline during Congress' August recess, Sen. John Hoeven, R-N.D., said Tuesday, citing unnamed sources. "That's understandable, because he's making a political decision rather than a decision based on the merits," Hoeven said. He added that he is likely to offer an amendment authorizing the project to an existing energy bill.
JetBlue expects unit revenue to remain flat or increase up to 1% over last year, bucking an industry trend. Because of strong demand for the carrier's services, the airline is "excited" about revenue trends this summer, according to Vice President Marty St. George.
Northern Ireland's Merchant Hotel is rolling out a "water butler" service to help guests wade though the hotel's water menu. The "cigar sommelier" at The Wellesley in London and the "fragrance butlers" at The Carlyle in New York highlight the trend toward using specialized services to differentiate luxury properties.