US Business

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.

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

The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China.

A multiyear deal with Uber Technologies is set to begin with a pilot at select Olive Garden locations this year. Darden has long refused to allow third-party delivery companies to handle its food at a large scale.

The European Union’s executive arm has started a process to provide Apple with guidance on complying with rules to ensure its operating systems are functional with other technologies.

The 20-year deal with Constellation Energy would kick-start the site of the nation’s worst nuclear accident.

Two Japanese companies will soon start testing investors’ appetite for their shares, with one of the listings likely to be the country’s largest this year.

Novo Nordisk and Eli Lilly are offering discounts to encourage more insurance coverage of the medicines, which carry price tags of over $1,000 a month.

Job offers this fall are going to mission critical hires. If you get one, recruiters say you have leverage.

The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction.