Target Outages Illustrate Retail's Growing Tech Complexity
The technical problems at Target stores over the weekend illustrate the challenge of unifying a large retailer's technology infrastructure with its bricks-and-mortar presence and underscore the importance of having trusted vendors and backup plans.
Boeing's New Long-Haul Jet Faces Delay
General Electric is having to redesign an engine part for the Boeing 777X, meaning a delay for its first test flight and potentially for the first delivery of the long-haul passenger jet to customers.
San Francisco Fed Wants to Reward Banks for Climate-Change Loans
The Federal Reserve Bank of San Francisco says banks can get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters.
Exxon, Chevron, Amazon Targeted by Investors Over Environmental Disclosures
Some of the world's biggest companies are coming under fire from 88 investors with nearly $10 trillion in assets, including HSBC Global Asset Management and the Washington State Investment Board, for not providing standardized environmental disclosures.
Forget the Mall, Shoppers Are Buying Gucci at Airports
Makers of luxury goods from liquor to perfume think they have found the antidote to the fading American shopping mall: airport terminals.
KPMG Agrees to Pay $50 Million Penalty Tied to Misconduct Allegations
KPMG agreed to pay $50 million to settle allegations that former employees got an unlawful sneak peek at regulators' plans to inspect its work and auditors at the firm cheated on internal training exams.
Morgan Stanley Launches New Impact-Investing Portfolio Suite
Morgan Stanley has bolstered its impact-investing offering with six new portfolios to meet heightened demand for sustainable investing.
Art Collector Patrick Drahi to Take Sotheby's Private in $2.7 Billion Deal
French billionaire Patrick Drahi is buying Sotheby's for $2.7 billion, ending the storied auction house's 31-year run as a public company as it seeks to expand its digital business.
Pfizer to Buy Array BioPharma
Pfizer agreed to buy Array BioPharma for $10.64 billion, as the pharmaceutical company looks to expand its pipeline of cancer therapies.
Huawei Expects $30 Billion Revenue Hit From U.S. Clampdown
The U.S. campaign against Huawei is taking a toll, with the company's founder forecasting a hit to revenue of about $30 billion over the next two years.
(END) Dow Jones Newswires
June 17, 2019 19:15 ET (23:15 GMT)
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