Deutsche Bank Breaks Up Its Global Corporate-Strategy Group

Deutsche Bank AG's global corporate-strategy team is being dismantled and the executive who runs it, Ali Almakky, is leaving that role, according to people familiar with the matter.

 
Chanel's First Results Release Shows Its Financial Might

Chanel, the storied French fashion house that has dressed first ladies, royalty and Hollywood stars, published complete financial results for the first time, revealing itself as one of the luxury industry's top-selling brands.

 
Puma Gives Basketball Another Shot

Puma is returning to men's basketball shoes having signed endorsement contracts with four top draft prospects, including Deandre Ayton and Marvin Bagley III, ahead of the draft in New York Thursday night.

 
Big Banks Clear Fed's Stress Tests

The Federal Reserve said the largest U.S. banks were healthy enough to withstand a severe economic downturn and would continue lending during a crisis, as the industry posts record profits and prepares for a wave of regulatory relief.

 
Two Titans' Rocky Relationship Stands Between Comcast and Fox

Tensions between Comcast CEO Brian Roberts and 21st Century Fox Executive Chairman Rupert Murdoch are complicating Comcast's pursuit of the biggest media deal in years. Both Comcast and Disney, who are vying for Fox's entertainment assets, are seeking to counter the challenge of cord cutting and new technology rivals.

 
Intel CEO Search Follows Other Executive Exits

The sudden exit of Intel CEO Brian Krzanich for violating company policy is the latest in a string of high-level departures at the chip giant.

 
Intel CEO Resigns Over Relationship With Employee

Intel said Chief Executive Brian Krzanich resigned for violating company policy by having a relationship with a co-worker, one of the most prominent CEOs to lose a job in an era of greater scrutiny over workplace behavior.

 
Trade Concerns Hammer Global Auto Stocks

Global auto stocks were pummeled after Daimler issued a profit warning overnight that it blamed on trade tensions between the U.S. and China.

 
Martin Sorrell Criticizes WPP's Strategy Following His Departure

WPP founder Martin Sorrell lashed out at the ad giant, criticizing the company's strategy as well as its handling of his resignation as chief executive.

 
UPS, Teamsters Reach Handshake Deal on New Contract

Teamsters negotiators said they have tentatively agreed to a new five-year contract with United Parcel Service, a deal that promises to raise wages for existing workers but creates a new class of lower-paid drivers to handle weekend deliveries.

(END) Dow Jones Newswires

June 22, 2018 05:15 ET (09:15 GMT)

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