World Wrestling Entertainment Inc. will cut 7 percent of its workforce as part of a push to increase profitability, the company announced Thursday, the same day investors cheered quarterly results that exceeded expectations.
Newly appointed Target CEO Brian Cornell has a strong reputation and proven track record of success. He comes to the troubled retailer with experience in both retail and consumer products, most recently serving as CEO of PepsiCo Americas Foods.
Financial markets went into a tailspin Thursday after Argentina defaulted on its debt, raising fears among skittish investors already fretting over weak corporate earnings growth, rising interest rates and an aging bull market.
All the major indexes fell in early trading Thursday and gave back almost all the gains they made in July. The Dow, S&P 500 and Nasdaq are all down almost 1%, with the Dow dropping 130 points.
Economists expect the government on Friday to report a sixth straight month of 200,000-plus job gains in July. But with the labor market seemingly on cruise control lately, analysts are increasingly focusing on the types of positions employers are creating and ...