- BusinessBusiness Insider•16 hours ago
America's largest supermarkets are slashing prices amid ongoing food-price deflation and growing pressure from the rapid expansion of discount-grocery chains like Aldi. The price cuts are squeezing profits and dragging down company shares. Kroger, Whole Foods, Sprouts Farmers Market, and Dollar General have seen their stock prices drop a collective 13% in the last three months.
- BACBusiness Insider•2 days ago
It's official: Sanaz Zaimi is now the sole head of fixed income, currency, and commodity — FICC — sales at Bank of America Merrill Lynch. Zaimi took that job on an interim basis in March when her cohead, Bryan Weadock, went on leave. On Friday, Tom Montag, chief operating officer at the bank, said Weadock would not be returning.
- financeDan Howley•16 hours ago
On Monday, Sept. 26, Yahoo Finance will be streaming Microsoft CEO Satya Nadella’s keynote at the company’s Ignite conference. Microsoft’s Satya Nadella has been the CEO of Microsoft for a little more than two years since, having taken over for former CEO Steve Ballmer in February 2014. Since he took