US Business

The German lender said it planned to improve its profitability and boost shareholder returns as it grapples with a possible takeover attempt by Italy’s UniCredit.

From restarting expansion plans to boosting marketing, some entrepreneurs are preparing for lower borrowing costs. Others say not so fast.

H&M won’t hit a key profitability target this year but said sales momentum picked up through July and August before accelerating further in September.

The agency said the companies engaged in vast consumer surveillance while failing to provide adequate privacy controls or safeguards for children.

The company said in a memo that most of its businesses would stop using the tool by the end of this year.

Masrani plans to retire in 2025 after 38 years with the Canadian lender and more than a decade as CEO.

The conservative media star said he decided to launch Alp nicotine pouches because Zyn maker Philip Morris couldn’t take a joke.

The German media company agreed with its largest shareholder to split its classifieds business from its media operations.

FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.

Nike said John Donahoe will retire as chief executive and from the board, and named his successor, Elliott Hill, who retired from the sneaker maker in 2020.