Feb 9 (Reuters) - Nike-owned Converse brand's employees were instructed to work from home this week as the sportswear giant makes strategic changes to recapture sales growth, Bloomberg News reported on Monday, citing a memo.
The changes include new roles and team moves for some staff, according to the note from Aaron Cain, Converse's chief executive officer, the report added.
Nike had laid off 775 employees, impacting distribution... (continue reading...)
BRUSSELS, Feb 9 (Reuters) - The United States will turn over two of NATO's major command posts - in Naples, Italy and Norfolk, Virginia - to European officers, a military source told Reuters on Monday.
The move is in keeping with U.S. President Donald Trump's demands that European nations take more responsibility for their own security. His administration has called for the military alliance, long dominated by the United States, to become a... (continue reading...)
Feb 9 (Reuters) - Morgan Stanley has brought back veteran dealmaker Michael Grimes as chairman of investment banking after his stint with the U.S. government, according to an internal memo seen by Reuters.
Grimes, one of Wall Street's most prominent dealmakers, recently served as a senior advisor at the Commerce Department after spending more than three decades at the investment bank. He was reportedly running the government's venture arm which... (continue reading...)
By Kalea Hall
DETROIT, Feb 9 (Reuters) - General Motors has hired an executive from electric-vehicle startup Lucid Motors to lead corporate strategy, a role that will include scouting for partnerships with technology companies.
GM said on Monday that Claudia Gast will be the automaker's deputy chief financial officer and vice president of strategy, corporate development and technology partnerships. Gast will start March 1 and report... (continue reading...)
By Alex Lefkowitz
SOFIA, Feb 9 (Reuters) - Six people were found dead in the mountains of western Bulgaria over the past week, in a case marked by conflicting accounts and strange circumstances that led a prosecutor to liken the two triple deaths to the 1990s mystery series "Twin Peaks".
"This is a case without comparison in our country," Zahari Vaskov, the director of the national police general directorate, told a press conference on... (continue reading...)
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