General Mills Cuts Sales Guidance. Consumers Keep Showing 'Value-Seeking Behaviors.' 
 

The maker of Cheerios beats quarterly earnings estimates but falls short on sales.

 
Winnebago's Sales and Earnings Fall. The RV Industry Has Yet to Recover. 
 

Winnebago reports fiscal first-quarter earnings of $1.06 a share on revenue of $763 million. Analysts expected earnings of $1.18 a share on revenue of $724 million.

 
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.

 
Rite Aid Banned From Using AI Facial Recognition in FTC Settlement 
 

Rite Aid has been banned from using facial-recognition technology for surveillance purposes for five years as part of a settlement with the Federal Trade Commission.

 
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.

 
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 13:00 ET (18:00 GMT)