Money

How Yves Saint Laurent’s CEO Worked to Improve Corporate Culture

It seems obvious that clear organizational structure and healthy corporate culture would be keys to success in business. That doesn’t make either easy to implement. Indeed, the CEO of French fashion house Yves Saint Laurent, Francesca Bellettini, came to realize the storied firm had one culture for customers and an altogether different one for dealing …

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LVMH and Tiffany Are Talking Merger After Louis Vuitton Made Its Offer $1.2 Billion More Luxurious

LVMH and Tiffany & Co. entered talks after the French owner of Louis Vuitton boosted its offer for the U.S. jeweler in an effort to clinch the biggest acquisition ever in the luxury-goods industry, according to people familiar with the matter. The revised proposal is about $130 per share, said the people, who asked to …

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Employees’ Values Today Signal a Workplace Paradigm Shift

As workplaces diversify and millennials increasingly occupy the majority of company leadership roles, the way employees do their work is changing. Fortune asked several chief executives how today’s employees differ from the workforce of 10 or 20 years ago.  The CEOs who share their impressions in the video above include Western Union’s Hikmet Ersek, Ancestry’s Margo …

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Saudi Aramco Has a New Climate Change Challenge: Too Much Water

Climate change poses a serious risk to Saudi Aramco’s long-term business as rising sea levels and temperatures could damage infrastructure, curb productivity and even halt some of its operations. Sea level rises pose the biggest threat to Aramco’s business and may lead to some of its refining facilities being underwater in the next few decades, …

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All the Candidates Who Qualify for the December Democratic Debate—So Far

This post was last updated on November 21, 2019. The qualifications have been raised again for candidates in a still-congested Democratic presidential field looking to take the stage during the sixth debate in December. With Wednesday night’s rumble behind them, candidates will only qualify for the next debate on December 19 at Loyola Marymount University …

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OxyContin’s Maker Is Still Flourishing In China

This is the web version of Brainstorm Health Daily, Fortune’s daily newsletter on the top health care news. To get it delivered daily to your in-box, sign up here. Good afternoon, readers. The opioid addiction crisis that’s killed or otherwise sickened millions of Americans has galvanized significant backlash. Alleged perpetrators range from drug developers to drug distributors …

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Trump’s 2020 Campaign Is Terrified of Facebook’s Next Move. Here’s Why

President Donald Trump’s campaign, the largest buyer of political advertising on Facebook, is raising alarms and rallying up its base over a remark made by a Facebook executive about the future of political ads on the platform. On Wednesday afternoon, the vice president of global marketing solutions at Facebook, Carolyn Everson, said at an Axios …

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Apple Argues to Congress It Isn’t Anti-Competitive. Antitrust Experts, However, Aren’t So Certain

The U.S. House of Representatives’ Judiciary Committee had questions for Apple. Lots of questions—about Apple’s corporate policies on everything from iPhone to the company’s practice of locking users into its software, making it difficult for alternative services to compete. In the company response, published Tuesday alongside responses from Amazon, Google, and Facebook, Apple Vice President …

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The Game Industry Is Suffering from A Battle Royale ‘Hangover’

As 2019 nearly comes to a close, the gaming industry this year has been, frankly, boring. Between the ground-breaking releases seen in 2018 and the next-generation consoles to come in 2020, it’s felt like we’re living in a forgotten middle-child period. Fans have noticed and are pouring less money into the industry. Software sales, both …

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Slashing Cigarette Nicotine Levels No Longer on FDA’s Agenda

U.S. regulators are hitting the brakes on plans to force tobacco companies to drastically reduce addictive nicotine in cigarettes, retreating on an ambitious public-health initiative, which comes amid increased concerns about nicotine use among young people. The Department of Health and Human Services has dropped a proposal unveiled two years ago to cut the level …

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