US Business

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.

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.