Starbucks is mixing things up in its top leadership structure, appointing additional CEOs to oversee certain geographic regions. The coffee giant announced Monday it has created a new role of CEO for North America, tapping 13-year Starbucks veteran Michael Conway for the job. Conway currently serves as group president for international and channel development. Starbucks will also elevate chief marketing officer Brady Brewer, who has spent 20 years with the company, to assume the role of CEO, Starbucks Inter ...

Amazon and FedEx reportedly weighed teaming up on returns last year. The companies engaged in talks early last year but didn’t ultimately emerge with a partnership in place, The Wall Street Journal reported Monday, citing a person familiar with the matter. The companies talked about FedEx retail locations taking Amazon returns, according to the outlet.  CLICK HERE TO READ MORE ON FOX BUSINESS "We are always open to having commercial conversations when approached with an opportunity by current or potential c ...

The "technology outage" that impacted McDonald's restaurants and the company's app on Friday underscores the fast-food giant's growing reliance on tech systems that are becoming increasingly common in the food service industry. Friday's outage impacted McDonald's locations across some of its global markets, including Japan, Australia and the United Kingdom, which forced many stores to temporarily accept only cash or shut down entirely in some cases. The company hasn't disclosed how widespread the outages we ...

Dollar General is pulling back on self-checkout as it tries to curtail retail theft across its stores.  The company will remove self-checkout registers from 300 stores that have the biggest issue with shrink – an industry term referring to lost or stolen merchandise – during the first half of the year, CEO Todd Vasos told analysts on a Thursday earnings call. Currently, the company has self-checkout options available in more than 14,000 stores. However, it is deploying three initiatives to change its self-c ...

The self-checkout experience at Target is about to change. Target shoppers will see most of the retailer’s nearly 2,000 stores across the country start using an "express self-checkout" format on Sunday.Customers who want to use the "express self-checkout" must have 10 or fewer items, Target said. The retailer said the nationwide change aims to "make our checkout experience even more enjoyable" and draws from guest feedback. TARGET LAUNCHES LOW-COST BRAND WITH PRICES STARTING UNDER $1In the fall, about 200 T ...

American Airlines Capt. Dennis Tajer has flown Boeing aircraft during his more than 30-year career as a pilot, including his time in the military.  During combat, when Tajer flew Boeing 707 jets, he was used to the enemy being outside the plane. Now, Tajer told FOX Business he is more concerned about what's happening inside the aircraft."I have flown in the military, in combat, and they saved my life many times when the enemy was outside the airplane. Now, I feel like the enemy is within," Tajer told FOX Bu ...

JPMorgan Chase CEO Jamie Dimon involved himself in the Disney-Trian Fund Management proxy fight by expressing his support for CEO Bob Iger. Dimon told CNBC on Wednesday that Iger was a "first-class executive and outstanding leader" who "knows the media and entertainment business cold and has the successful track record to prove it.""It’s a complicated industry filled with creative talent, requiring the unique expertise and engagement skills that Bob possesses," the bank CEO continued, according to the outle ...

Group 1 - 3M has appointed Bill Brown as the new CEO, effective May 1, succeeding Michael Roman, who will become executive chairman [1][2] - The company's shares rose nearly 7% following the announcement, although they are down about 14% year-to-date due to ongoing lawsuits and declining demand [1] - 3M is facing a challenging macro environment, forecasting full-year earnings below Wall Street estimates [1][2] Group 2 - The electronics business of 3M has been significantly impacted by a slowdown in discretionary spending, particularly in China [2] - Bill Brown is recognized for his ability to drive margin and working capital efficiency, as well as for making bold strategic moves [2] - To address the demand slowdown, 3M is implementing a major restructuring plan that includes job cuts and the spinoff of its healthcare business [2] Group 3 - 3M has agreed to pay $6.01 billion from 2023 to 2029 to settle lawsuits related to its Combat Arms earplugs, which allegedly caused hearing damage to U.S. military personnel [3] - In June, 3M reached a tentative agreement to pay $10.3 billion to settle claims related to water pollution from "forever chemicals" [3]

Southwest Airlines is cutting capacity, re-optimizing flight schedules and pausing hiring in 2024 as a result of Boeing's "continued challenges." Boeing told Southwest to expect the delivery of 46 Max 8s this year, down from the airplane maker’s previously expected 58, according to a regulatory filing. Southwest expected Boeing to deliver 79 Max jets in total, including some of the smaller Max 7 variants, which are not yet certified by the Federal Aviation Administration.Southwest doesn't expect Max 7s will ...

Power is restored earlier than expected at the Tesla gigafactory near Berlin after a week-long outage caused by arson, the factory's chief said Monday. A far-left activist group called Vulkangruppe, translated as the Volcano Group, had claimed responsibility for an arson attack on a nearby electricity pylon that knocked out the factory's power on March 5. "Lights ON!" said Andre Theirig, senior director of manufacturing at Giga Berlin, in a LinkedIn post Monday. "The power supply to the Gigafactory has been ...