Starbucks CEO Asks Workers to Stick With Chain, Not Union

In his first public comments on labor-organizing efforts in Starbucks's Buffalo, N.Y., market, Chief Executive Kevin Johnson says a union could make the company less agile in responding to its workforce.

 
Samsung Changes Come as Growth in Chips and Smartphones Faces Challenges

Merging its smartphone unit with its home appliances unit reflects the company's plans to build a stronger Galaxy device ecosystem, extending from its mobile devices into its other consumer electronic products.

 
High-Profile J.P. Morgan Advisor Sues Employer Over Alleged Client Poaching

Gwen Campbell, who oversees $1.1 billion, alleges J.P. Morgan's private bank has been attempting to siphon away her clients and their assets.

 
American Airlines CEO Doug Parker to Step Down

Chief Executive Doug Parker will step down next year after two decades running airlines, handing the reins to a longtime lieutenant as the company begins to emerge from the pandemic.

 
China Evergrande Heads Toward Default as It Misses Payment Deadline

The failure to make payments due on some U.S. dollar bonds Monday, according to people familiar with the matter, potentially sets the stage for a massive default and one of the China's biggest debt restructurings.

 
Wayfair to Open Three New Stores

The Massachusetts-based furniture and home-goods seller is the latest online retailer to expand its reach into bricks-and-mortar.

 
Glaxo Says Its Antibody Drug Works Against Omicron

GlaxoSmithKline and Vir said their Covid-19 antibody treatment retained effectiveness against the Omicron variant in laboratory studies, even as early data suggests that similar treatments work less well against the strain.

 
Children's Finance App Greenlight Names CFO As It Prepares for IPO

Greenlight named Brian Dong its first permanent finance chief as it prepares to go public in the next 12 to 18 months.

 
Constellation Brands Agrees to Build Large Brewery in Southeastern Mexico

The brewer of Corona beer for U.S. consumers has agreed to build a brewery in southeastern Mexico, according to Mexican officials, almost two years after the nationalist government ordered the closure of a nearly completed $1.4 billion plant near the U.S.-Mexico border.

 
Instagram Unveils New Teen Safety Tools Ahead of Senate Hearing

On the eve of a Senate subcommittee hearing, the platform shares plans for taking a "stricter approach" to content it shows users under 18.

(END) Dow Jones Newswires

December 07, 2021 11:15 ET (16:15 GMT)

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