Petco CEO Steps Down
Ron Coughlin is also stepping down from the board, which has appointed R. Michael Mohan to serve as interim CEO.
ADM Discloses Justice Department Probe Into Accounting
The company corrected some past financial results while reporting lower quarterly sales and a more than 40% drop in earnings compared with a year ago.
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Airlines Are Cutting Flight Schedules as Boeing Delivers Fewer Jets
Southwest and Alaska Air say delays in receiving jets may upend flying plans; United and Southwest will slow their hiring of pilots.
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British American Tobacco to Sell Down ITC Stake, Use Funds for Buybacks
Books have closed for British American Tobacco’s share sale in Indian conglomerate ITC that is likely to fetch the U.K.-based company over $2.0 billion.
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Alaska Air Anticipates Better-Than-Expected First-Quarter Despite Boeing Grounding
The carrier now expects to top previous first-quarter performance targets despite having to ground planes over January’s in-flight incident.
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Tesla, Ford Receive ‘Poor’ Grades in Study of Driver-Assist Technology
The Insurance Institute for Highway Safety’s ratings of the systems—which automate steering and speed—prod automakers to improve safeguards.
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