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The company has reached an agreement to list all New York City taxis on its app, an alliance that could ease the ride-hailing giant’s driver shortage and temper high fares while directing more business to cabdrivers, whose livelihoods were affected by the emergence of car- sharing apps and the pandemic. While Uber has formed partnerships […]
An iconic Andy Warhol silk-screen portrait of Hollywood starlet Marilyn Monroe is headed to Christie’s in New York later this spring for $200 million—a record asking price for any artwork at auction. The 3-foot square silk-screen from 1964 depicts a promotional photo from the actress’s film “Niagara.” The artist transformed the actress into a pop-art […]
The biggest credit-reporting firms will strip tens of billions of dollars in medical debt from consumers’ credit reports, erasing a black mark that makes it harder for millions of Americans to borrow. Equifax Inc., EFX 0.71% Experian EXPGY 1.72% PLC and TransUnion TRU -0.99% are making broad changes to how they report medical debt beginning […]
WASHINGTON—Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ financials, according to people familiar with the matter. The Securities and Exchange Commission probe highlights the agency’s new focus […]
Robert Iger spent decades helming a company known for its animated characters. For his next act, the former Walt Disney Co. boss is backing a startup that celebrities and others are using to create avatars for the much-hyped metaverse. In his first career move since leaving the entertainment company in November, Mr. Iger has taken […]
Soroban Capital Partners LP, a $10 billion stock-picking hedge fund in New York, is one of the biggest winners, making at least several hundred million dollars on the trade since February, a person familiar with the matter said. Other winners include New York macro fund Castle Hook Partners and value investor Pilgrim Global. The bet […]
CVS Health Corp. CVS -0.59% Chief Executive Karen Lynch has removed several executives following an internal investigation into how they handled sexual-harassment complaints and is overhauling how the company handles such matters, according to people familiar with the matter. Ms. Lynch, who took over as CEO a year ago, in December became aware of complaints […]
Several top executives are leaving Chobani Inc. as the yogurt maker puts plans for its initial public offering on hold. President and Chief Operating Officer Peter McGuinness told employees last week that he is leaving the company effective Friday to pursue other opportunities, according to people familiar with the matter. Chobani’s Chief People Officer Grace […]
Interactive Platoon Co. PTON -4.91% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
Interactive Platoon Co. PTON -4.78% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
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