NEW YORK (AP) – Target CEO Michael Fiddelke is reshuffling his leadership team and making other changes shortly after stepping into the top job. Rick Gomez, the 13-year Target veteran who oversees the chain’s vast inventory of merchandise, will leave the company. And Jill Sando, the chief merchandising officer will retire.
LOS ANGELES (AP) – Comparing social media platforms to casinos and addictive drugs, lawyer Mark Lanier delivered opening statements Monday in a landmark trial in Los Angeles that seeks to hold Instagram owner Meta and Google’s YouTube responsible for harms to children who use their products.
Excerpts from recent editorials in the United States and abroad:
NEW YORK (AP) – The operator of Saks Fifth Avenue and Neiman Marcus said that it will close eight Saks Fifth Avenue stores as well as its Neiman Marcus Boston store as it focuses on its most profitable businesses and pares down debt during its Chapter 11 bankruptcy restructuring.
TOKYO (AP) – Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump’s tariffs hurt the Japanese automaker’s earnings. Tokyo-based Honda Motor Co.’s profit over the three quarters totaled 465.4 billion yen ($3 billion), down from 805.2 billion yen.
WASHINGTON (AP) – The U.S. Food and Drug Administration is refusing to consider Moderna’s application for a new flu vaccine made with Nobel Prize-winning mRNA technology, the company announced Tuesday.
Oil and gas exports have sustained Russia’s finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years.
NEW YORK (AP) - U.S. stocks wobbled after feeling both the upside and downside of a surprisingly strong report on the U.S. job market. After initially rising toward its all-time high on Wednesday, the S&P 500 flipped between gains and losses before finishing with a miniscule drop of less than 0.1%. The Dow Jones slipped 0.1%, and the Nasdaq composite fell 0.2%.
HONG KONG (AP) – In China, consumerism appears to outweigh nationalism regardless of how testy relations have become in recent diplomatic spats with countries like Japan and the United States. It has been common practice for the ruling Communist Party to whip up nationalist sentiment and deploy propaganda condemning countries deemed to be violating China’s stances.
°C
