Gildan Activewear Chairman Says Former CEO Refused to Abide Succession Plan 
 

Gildan Activewear said it is standing by its newly appointed CEO, Vince Tyra, after former chief Glenn Chamandy refused to abide by the company's succession plan.

 
Japan Clears the Way for Tourists to Get an Actual Uber 
 

One of the world's biggest taxi markets is finally opening its gates wider to Uber after a decade of pushing by the U.S. ride-hailing company.

 
Tesla Supplier Panasonic Drops Plan for Oklahoma EV Battery Factory 
 

The Japanese company is already building another plant in Kansas but has been hit by higher-than-expected construction costs.

 
Bird Electric Scooter Company Files for Bankruptcy After 2021 SPAC 
 

The vehicle-rental provider has secured a bankruptcy loan from Apollo Global and its existing second-lien creditors.

 
Walgreens's Ambitions Lean on Its Technology. First, It Has to Build Up Its IT Department. 
 

The pharmacy chain's new chief information officer, Neal Sample, will deal with a unit that has seen significant changes in leadership over the past year.

 
Charif Souki, Godfather of American LNG Industry, Is Ousted from Tellurian 
 

Gas-export company's abrupt termination of its co-founder caps his flamboyant career in energy.

 
Universal Eyes European Theme-Park Challenge to Disney 
 

The company has bought land north of London while weighing opening a competitor to Paris Disneyland.

 
Starbucks CEO Takes On Chain's Social Media Controversy Over Israel-Hamas War 
 

"We see protestors influenced by misrepresentation on social media of what we stand for," CEO Laxman Narasimhan said in a letter.

 
U.S. Leads Bid to Secure Red Sea, but Shipping Firms Remain on Edge 
 

Regional politics and well-armed Houthi adversaries in Yemen are among the challenges facing the U.S.-led naval force.

 
FedEx 2Q Profit Rises Despite Continued Demand Woes 
 

Revenue fell to $22.2 billion from $22.8 billion a year earlier, missing the $22.36 billion expected by analysts polled by FactSet.

(END) Dow Jones Newswires

December 20, 2023 11:15 ET (16:15 GMT)