US Business

CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.

Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.

Roche Holding said its weight-loss drug candidate achieved positive results in an early-stage trial, giving the company a boost in its bid to catch up to Novo Nordisk and Eli Lilly in a class of medicines that has shaken up everything from pharma to snack companies.

The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.

The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.

Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.

Smaller European companies are embracing the U.S. as online sales help pinpoint the most promising locations for stores.

The June vote on the CEO’s 2018 pay package raises questions about what a board should do with a restless but valued leader.

It’s a $2 trillion company today. It wouldn’t exist without someone known as Irimajiri-san.

CEO Richard Dickson is trying to make the clothing company cool again—one hoodie at a time.