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Former Tesla board member Hiromichi Mizuno has refuted claims that he is leading a Japanese group seeking to persuade Tesla to invest in Nissan. Mizuno stated that he has no involvement in such efforts and doubts Tesla's interest in Nissan's factories. Nissan's shares rose by 9.5% following the report, as the company seeks a new partner after failed merger plans with Honda. [Extracted from the article]

(Bloomberg) -- Walgreens Boots Alliance Inc. suspended its quarterly dividend, citing a need to strengthen its balance sheet by reducing debt and improving free cash flow.Shares of the pharmacy company fell as much as 9% in extended New York trading on Thursday.©2025 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

Lamb Weston Holdings Inc. saw a rise in its shares following reports that Post Holdings Inc. is exploring a potential deal with the french-fry maker. This news led to a significant increase in Lamb Weston's stock price, while Post experienced a drop. The discussions come amidst pressure from activist investor Jana Partners for Lamb Weston to consider strategic alternatives. Post had previously considered acquiring Lamb Weston in 2015. [Extracted from the article]

(Bloomberg) -- Lamb Weston Holdings Inc. shares rose after Reuters reported that Post Holdings Inc. is working with bankers to explore a possible transaction with the french-fry maker.Shares of Lamb Weston climbed as much as 6.3%, their biggest gain in almost two months. Post fell as much as 4.8%.©2024 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

(Bloomberg) -- Walgreens Boots Alliance Inc. shares surged after the Wall Street Journal reported that the pharmacy company is in talks to sell itself to Sycamore Partners, a private equity firm.The stock rose 6% at 12:34 p.m. New York time before being halted.©2024 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

Steven Madden Ltd. is aiming to reduce its reliance on Chinese imports by 40% in response to potential tariffs following Donald Trump's election victory. Previously, the company imported nearly 95% of its products from China, but is now diversifying its supply chains to countries like Cambodia, Vietnam, and Mexico. This shift is part of a broader strategy to mitigate the impact of tariffs on the company's business. [Extracted from the article]

Estée Lauder Cos. has selected Stéphane de La Faverie, a longtime executive, to become the next CEO, according to the Wall Street Journal. The announcement is expected to be made this week, with Jane Lauder, a potential CEO candidate and granddaughter of the company's founder, planning to step down from her executive role by the end of the year. Current CEO Fabrizio Freda has previously announced his retirement plans. [Extracted from the article]

The article discusses key points from Tesla Inc.'s third-quarter earnings report. CEO Elon Musk stated that a $25,000 car without autonomous features would be "pointless." Tesla had a strong quarter due to increased sales, lower costs, regulatory credits, and revenue from "Full Self Driving." The stock rose 12% in after-hours trading. Musk also mentioned a potential role in government to advocate for a national pathway for approving autonomous vehicles. Tesla executives are confident about obtaining regulatory approval for a ride-hailing service in California and Texas next year. [Extracted from the article]

(Bloomberg) -- Darden Restaurants Inc., the parent company of Olive Garden and Ruth's Chris Steak House, is buying Tex-Mex restaurant chain Chuy's Holdings Inc. for about $605 million.Darden agreed to pay $37.50 a share in cash for Chuy's, the companies said Wednesday in a statement. That's a 48% premium above the stock's last closing price. The deal has been approved by both boards and is expected to be completed in Darden's fiscal second quarter, which ends in November.Chuy's shares were halted in late trading on Wednesday. Darden shares were unchanged at 4:20 p.m. in New York.©2024 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

According to the Wall Street Journal, Elon Musk, the CEO of SpaceX, allegedly pursued women working at the company for sex, including a former intern. Former executives claim that company policies are not enforced with Musk, contributing to a culture of sexism and harassment. However, SpaceX President Gwynne Shotwell disputes these claims, stating that the company thoroughly investigates all harassment complaints. Musk and SpaceX have not responded to requests for comment. Previous legal filings have also raised allegations of sexual harassment and retaliation at SpaceX. [Extracted from the article]

According to the Wall Street Journal, Elon Musk, the CEO of SpaceX, has been accused of pursuing women working at the company for sex, including a former intern. Former executives at SpaceX claim that company policies are not enforced with Musk, leading to a culture of sexism and harassment. However, SpaceX President Gwynne Shotwell disputes these claims, stating that the company thoroughly investigates all complaints of harassment. Musk and SpaceX have not responded to requests for comment. These allegations of sexual harassment and retaliation have been previously raised in legal filings against SpaceX. [Extracted from the article]

Victoria's Secret has reported improved sales despite facing tough competition and offering more promotions. Preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above the company's prior projections. Net sales were down 3% to 4%, which is better than the expected decline of up to 6%. Online sales are outperforming in-store results. Victoria's Secret has been working to attract customers and regain relevance by rebranding its fashion show and expanding its swim and apparel categories. While sales trends are improving, the North American retail market remains challenging with increased discounting and competition. Despite the positive quarter, the company has maintained its full-year guidance. Shares of Victoria's Secret rose 12% in extended trading. [Extracted from the article]

(Bloomberg) -- Nordstrom Inc.'s founding family has notified the board of its interest in taking the company private.The department-store chain formed a special committee to evaluate any proposal from Chief Executive Officer Erik Nordstrom and Pete Nordstrom, the company's president, the retailer said in a statement Thursday.©2024 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

(Bloomberg) -- Tesla Inc. plans to unveil its robotaxi on Aug. 8, according to a statement from Chief Executive Officer Elon Musk on X, his social media site.Read More: Musk Denies Report Tesla Is Scrapping Less-Expensive Car©2024 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

Spirit AeroSystems Holdings Inc. saw a rise in its stock after a report in the Seattle Times stated that the company was not responsible for a fuselage panel that blew off during an Alaska Airlines flight. The report claimed that Boeing mechanics had removed and improperly reinstalled the panel before the accident. Both Boeing and Spirit are under scrutiny following the incident, which led to a regulatory investigation and grounding of the affected model. Investigators are looking into the possibility that the bolts holding down the panel were not installed properly. Boeing's CEO has expressed confidence in the company's commitment to safety. [Extracted from the article]

(Bloomberg) -- Spirit AeroSystems Holdings Inc. shares rose after a report said the company wasn't responsible for a fuselage panel that blew off midair on an Alaska Airlines flight earlier this month.Spirit Aero gained as much as 4.5% as markets opened Wednesday in New York. The Seattle Times reported that Boeing Co. mechanics had removed the panel and reinstalled it improperly before the Jan. 5 accident, citing a person familiar with the details of the work.©2024 Bloomberg L.P.By Catherine LarkinReported by Author [Extracted from the article]

Macy's CEO, Jeff Gennette, reported that the retailer had a successful day of online shopping on Thanksgiving. Gennette mentioned that shoppers are purchasing luxury items, hostess gifts, and home preparation products. Despite the financial pressures faced by consumers, Gennette emphasized the importance of offering a range of price points. He also highlighted that the period following Black Friday and Cyber Week experiences a lull before the last 10 days leading up to the holiday become crucial for sales. [Extracted from the article]

Lowe's Cos. has lowered its forecast for the second time this year due to a decrease in demand for home improvement projects. Same-store sales are expected to drop by 5% for the full year, worse than the previous estimate of a decline between 2% and 4%. The company attributes this decline to fewer purchases of big-ticket items and a slowdown in spending on DIY projects. While demand from professional contractors remains steady, sales to ordinary homeowners have decreased. Lowe's shares fell by 2% following the announcement. [Extracted from the article]

The article informs about the successful debut of the 2023 Road Freight SME Summit in South Africa, focusing on critical success factors, safety, compliance, transportation of mining commodities, fleet management, securing funding, and business growth for small fleet owners in the road freight sector. The summit featured high-level speakers, including industry specialists, government officials and academia, addressing key topics to meet the needs of the audience and enhance the trucking sector.

(Bloomberg) -- Vista Outdoor Inc. cuts its forecast and announced an agreement to sell its sporting-products business for $1.91 billion. Vista is selling its sporting-products business to Czechoslovak Group AS in an all-cash deal subject to custom closing conditions, the Anoka, Minnesota-based company said Monday in a statement. [Extracted from the article]

(Bloomberg) -- The United Auto Workers union plans to expand its strike against General Motors Co., Stellantis NV and Ford Motor Co. to three more assembly plants, according to officials briefed on the matter. Unlike the last week, Ford was not spared the expansion of the walkout, the officials said. [Extracted from the article]