Bed Bath & Beyond Confirms Death of CFO Gustavo Arnal

By Ginger Adams Otis and Ryan Felton Updated Sept. 4, 2022 4:40 pm ET Listen to article (1 minute) Bed Bath & Beyond said Chief Financial Officer Gustavo Arnal died on Friday. The home-goods retailer didn’t immediately respond to requests for comment on the circumstances of Mr. Arnal’s death.

Starbucks Names Laxman Narasimhan New CEO

Starbucks named as its new CEO consumer products executive Laxman Narasimhan, months after former head Howard Schultz temporarily took over to steer the coffee giant through rising costs, a unionization push and challenges overseas. Mr. Narasimhan, 55 years old, has served as chief executive of the maker of Lysol and Enfamil baby formula, U.K.-based Reckitt … Read more

XTX’s Zar Amrolia: Why ‘Terminator’ robots will never replace human traders

Zar Amrolia started off as a quant at JPMorgan in 1988 when he was in his mid-20s. He drifted into trading and sales, with stints at Credit Suisse and Goldman Sachs, rose to the head of currency trading at Deutsche Bank and eventually became co-chief of XTX Markets. Amrolia will step down in early 2023. Soon to join … Read more

Meta’s Sheryl Sandberg Is Stepping Down

Text size Meta Chief Operating Officer Sheryl Sandberg joined Facebook in 2008. Mandel Ngan/AFP via Getty Images Meta ’s Sheryl Sandberg is stepping down as chief operating officer of Facebook’s parent company. “It is time for me to write the next chapter of my life,” Sandberg wrote on a post on Facebook. “I am not … Read more

Raymond James boss Paul Reilly bets big on the UK: ‘I don’t have a cap on the number of hires’

It is June 2016. The UK votes to leave the EU. Reports predict thousands of job losses and a severe decline in the City of London. That’s when bosses at Raymond James began the company’s push into European investment banking. Some questioned whether the US mid-market specialist’s foray into the UK and Europe would last. … Read more

PayPal Stock Is Falling. Here’s Why.

Text size PayPal’s has a new interim CFO. Justin Sullivan/Getty Images Walmart said late Tuesday it named John Rainey as its chief financial officer. Rainey currently holds the same position at PayPal Holdings, but his move isn’t the red flag analysts are watching ahead of the payment-processing company’s earnings. Rainey steps into his new role … Read more

Elon Musk Won’t Be Joining Twitter’s Board, CEO Says. Twitter Stock Tumbles.

Elon Musk won’t join Twitter’s board, after all. (Photo by JIM WATSON/AFP via Getty Images) Photograph by JIM WATSON / AFP /Getty Images; Barron’s art department Text size Twitter stock tumbled in premarket trading Monday after it was announced Elon Musk wouldn’t be joining the board of the social media company, after all. Twitter (ticker: … Read more

XTX Markets’ Zar Amrolia steps down as co-CEO, JPMorgan’s Buehler named deputy chief

Zar Amrolia, who co-headed Deutsche Bank’s fixed income unit and led its hulking FX trading division, will leave XTX Markets next year. Amrolia is a key figure in City trading circles, and has co-headed XTX alongside Alex Gerko since the firm started in late 2015. XTX was a small upstart, then a big challenger for large investment … Read more

GE Builds 350-Ton Turbines at Its Power Facilities. Here’s What We Found on a Tour.

Text size 7HA.03 gas turbine in GE’s Greenville, S.C., factory. Courtesy GE Power General Electric led a tour of one of its South Carolina gas power facilities as part of its Investor Day on Thursday—and while the machines produced there, and the process to make them, are incredible, sometimes great technology isn’t enough. The story of GE’s … Read more

Mobile shopping company Wish’s stock gains as Foot Locker exec is named as new CEO

Wish parent company Contextlogic Inc. announced Monday that it found its new chief executive at Foot Locker Inc., and shares gained in late trading. Vijay Talwar, most recently the CEO for Foot Locker’s FL, +0.56% efforts in Europe and other parts of the world, will take over the CEO role at Wish as of Feb. … Read more