The bleach and cleaning-wipe maker said that it believes the cyberattack is now contained but that it caused wide-scale disruption of operations. Source link
Tag: corporate
China's Moutai Wants to Satisfy All Your Cravings
The company is diversifying from liquor into chocolates and other goodies. The new offerings might not stick, but its core brand is so valuable that may not matter. Source link
Clorox expects August’s cybersecurity attack to have a ‘material’ impact on first-quarter results
Shares of Clorox Co. CLX, -2.17% dropped 2.2% toward a 7 1/2-month low in premarket trading Monday, after the cleaning and household products said a cybersecurity attack identified last month (Aug. 14)…
Investors Keep Putting Money Into Private Credit
Key flows of money into private-investment vehicles seem to be stabilizing, boosting shares of managers. Source link
Klaviyo reportedly raises price range of its upcoming IPO
Klaviyo Inc. is reportedly raising the target of its upcoming initial public offering to more than $550 million. Bloomberg News reported late Sunday that Klaviyo has decided to raise the target range…
UAW strike sets the stage for 4-day work week — a win could take it mainstream
Striking United Auto Workers want better wages, improved job security, retiree pay increases, and a 32-hour work week that could turbocharge broader acceptance of shorter work weeks. Right now, nearly 13,000 UAW…
The Tech Trade Is Showing Cracks. Higher Rates for Longer Spell More Trouble
Technology stocks have powered the 2023 market rally—and become increasingly expensive in the process. Source link
Arm IPO Excites Wall Street, but Challenges Loom
British supplier of designs for chips, long seen as the industry’s Switzerland, is challenged with growing beyond its dominance in mobile phones without upsetting existing customers. Source link
M&A Can Pay Off, but It's Far From a Sure Thing
Do mergers and acquisitions work? The latest research says it’s a tossup. Source link
Nio’s stock rises again, in wake of rate cut in China and UAW strike against U.S. automakers
Shares of Nio Inc. NIO, +0.48% climbed 2.7% in premarket trading Friday, adding the 3.1% bounce in the previous sessions, as a strike impacting some U.S. autoworkers and some and a interest…