US Business

The Malaysian discount-store retailer aims to start tapping investors early next week ahead of a planned initial public offering valuing the company at over $1 billion, people familiar with the situation said.

An offer is probably months away from happening.

Angi CEO Jeff Kip will continue to head the company as IAC’s 10th fully independent company, IAC said.

The coffee giant is reversing a policy that had allowed open access to its cafes, in a push to improve store environments.

Shares of retail stocks sank after companies including Abercrombie & Fitch, Macy’s and Urban Outfitters provided updates on their holiday performance and outlooks that disappointed investors for the year ahead.

Pharmaceutical giants have recently shown new enthusiasm for mental-health treatments with vast but unrealized promise.

The consumer-electronics company maintained its full-year guidance and said it is now ready to accelerate its strategic plan to drive profitable growth.

The building materials company appointed Jenisch to lead the spinoff, with Kim Fausing proposed to succeed him as Holcim’s chairman.

The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.

Companies seeking to benefit from campaign promises to cut regulations and taxes are ditching diversity and climate initiatives; ‘EVERYBODY WANTS TO BE MY FRIEND!!!’