Stefan Larsson Takes on Analysts as Manny Chirico Steps Back at PVH

12/03/2020

Manny Chirico continued to hand off the reins of PVH Corp. to Stefan Larsson on a conference call with Wall Street analysts Thursday, detailing third-quarter results but saying his goodbyes to the financial set after 15 years as chief executive officer.  Larsson, president since June […]

Stimulus checks excluded from latest COVID-19 relief legislation

12/03/2020

Direct cash payments to most American households were one of the most popular and efficient measures Congress enacted as part of its response to the coronavirus pandemic earlier this year, but lawmakers seem to have lost interest in another round of checks. Legislators this week […]

Brian Deese, Veteran of Auto Bailout, to Lead National Economic Council

12/03/2020

President-elect Joseph R. Biden Jr. has officially selected Brian Deese, who played a leading role in bailing out the automotive industry and negotiating the Paris climate agreement under President Barack Obama, to head the National Economic Council, his transition team said Thursday. The appointment, which […]

U.S. Cyberforce Was Deployed to Estonia to Hunt for Russian Hackers

12/03/2020

WASHINGTON — The United States deployed operatives to Estonia in the weeks before the November election to learn more about defending against Russian hackers as part of a broader effort to hunt down foreign cyberattacks, American and Estonian officials said. Estonian officials believe the growing […]

3M to cut 2,900 jobs in restructuring

12/03/2020

(Reuters) – 3M Co said on Thursday it would cut about 2,900 jobs globally and scale back on investments in slower-growing markets as part of a restructuring that is expected to lead to pre-tax savings of up to $350 million. The company said it expects […]

IBM warns of hackers targeting Covid-19 vaccine 'cold chain' supply process

12/03/2020

WASHINGTON (REUTERS) – IBM is sounding the alarm over hackers targeting companies critical to the distribution of Covid-19 vaccines, a sign that digital spies are turning their attention to the complex logistical work involved in inoculating the world’s population against the novel coronavirus. The information […]