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  • Netflix CEO Fires Top Executive After Use of Racial Slur

    June 22, 2018 11:46 PM 26

    In introspective memo, Reed Hastings blamed his ‘privilege’ for minimizing race issues Netflix Inc. Chief Executive Reed Hastings said he fired his chief communications officer after he used a racial slur in his conversations at work on multiple occasions, an episode that has created a moment of introspection at the streaming juggernaut. Jonathan Friedland

  • U.S., European Air-Safety Agencies Follow Different Paths on Drone Regulation

    June 22, 2018 9:02 PM 28

    Europe’s top aviation regulator anticipates slower, more conventional approach to expanding uses of unmanned aircraft WASHINGTON—Europe’s commercial-drone industry likely faces slower growth and tighter initial safety restrictions than U.S. operators, based on comments by the head of the European Aviation Safety Agency. In an interview Wednesday during

  • Johnson & Johnson Remakes Top Leadership

    June 22, 2018 7:29 PM 27

    Company’s No. 2, Sandra Peterson, will leave post Oct. 1, triggering series of changes Johnson & Johnson announced a new lineup of executives Friday, a remaking of its top ranks as the health-products company’s No. 2 leader prepares to depart. Sandra Peterson, J&J’s No. 2 the past six years, plans to retire from her post on Oct. 1. Ms. Peterson, 59 years

  • Cummins Will Pay Tariff to Import Engines From Its Own Plants in China

    June 22, 2018 5:25 PM 21

    ‘Making changes in your supply chain is not a three-week process’ Cummins Inc., which imports engines and other products from its factories in China, is among U.S. companies likely to be stung by an American tariff on Chinese-made goods that takes effect next month. Based in Columbus, Ind., Cummins imports small diesel engines and components such as turbochargers

  • Hollywood Studios Fear AMC’s New MoviePass Competitor Will Erode Their Revenue

    June 22, 2018 4:58 PM 30

    Stubs A-list subscription service calculates studios’ share of ticket sales based on a price that is lower than the average charged nationwide by AMC Hollywood studios may seek changes to a new MoviePass rival because of concerns about how the service determines their cut of the sales, according to people with knowledge of their thinking. The subscription

  • Carlos Ghosn Rules Out Acquisition of Nissan by Renault

    June 22, 2018 4:44 PM 18

    Nissan CEO Hiroto Saikawa has said he is opposed to a merger and wants the companies to remain independent TOKYO—Carlos Ghosn said Friday there was “zero chance” Renault SA would acquire partners Nissan Motor Co. and Mitsubishi Motors Corp., bringing more clarity to the direction of a 19-year-old alliance that is preparing for a future without its chief

  • State Sales-Tax Officials Rev Their Engines

    June 22, 2018 3:27 PM 17

    After high court ruling, some states could move within weeks to require sales-tax collection by out-of-state retailers WASHINGTON—State tax officials began preparing to use the new sales-tax collection power the Supreme Court handed them on Thursday. Some states could move within weeks or months to require sales-tax collection by out-of-state retailers

  • Walmart-Advent deal gets Brazil antitrust nod

    June 22, 2018 12:49 PM 23

    SAO PAULO (Reuters) - Brazil’s antitrust watchdog Cade on Friday approved buyout firm Advent International’s acquisition of Walmart Inc’s (WMT.N) Brazilian operations, and sought no additional asset sales. Earlier this month, Walmart agreed to sell an 80 percent stake of its Brazilin unit to Advent, partially exiting an underperforming business and recording

  • Puma Gives Basketball Another Shot

    June 22, 2018 3:25 AM 26

    Puma has signed four top prospects—Deandre Ayton, Marvin Bagley III, Zhaire Smith and Michael Porter Jr.—ahead of NBA draft The German sportswear company, in its return to the men’s performance basketball business, signed four top draft prospects to endorsement contracts this week including Deandre Ayton and Marvin Bagley III, the top two overall picks

  • Two Titans’ Rocky Relationship Stands Between Comcast and Fox

    June 22, 2018 2:58 AM 39

    Tensions between Comcast CEO Brian Roberts and 21st Century Fox’s Rupert Murdoch have complicated Comcast’s pursuit of the biggest media deal in years At one point last fall, Comcast Corp. Chief Executive Brian Roberts and other top executives at the cable giant thought they were near the deal of a lifetime to buy Rupert Murdoch’s entertainment assets