Starbucks poaches Nordstrom CFO as executive shake up continues

Starbucks poaches Nordstrom CFO as executive shake-up continues

Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri.

NBC News - 5h

Starbucks poaches Nordstrom CFO as executive shake-up continues

Nordstrom Chief Financial Officer Cathy Smith will join Starbucks, replacing its current CFO Rachel Ruggeri.

CNBC - 2h

In Turnaround Mode, Starbucks Names Nordstrom’s Cathy Smith as CFO

The veteran retail executive joins a C-suite team picked by CEO Brian Niccol to revitalize the coffee chain.

Inc. - 3h

Why Starbucks’ new CFO bodes well for coffee chain’s turnaround

Cathy Smith’s “wide bandwidth of experience could serve the company well,” a William Blair analyst noted, “despite her lack of specific restaurant industry knowledge.”

MarketWatch - 3h

Evening Report — Hegseth moves to shake up Pentagon

{beacon} Evening Report TRUMP FIRST 100 DAYS © Virginia Mayo, Associated Press Hegseth moves to shake up the Pentagon DEFENSE SECRETARY PETE HEGSETH is moving to overhaul the Pentagon through ...

The Hill - Feb. 21

Trump Administration Shakes Up ICE Leadership

The leadership change comes as the president aims to make good on a promise of mass deportations and arrests of undocumented immigrants across the United States.

The New York Times - Feb. 21

Trump fires top general in Pentagon shake-up

The new defence secretary earlier accused Chairman of the Joint Chiefs of Staff CQ Brown of having a "woke" focus.

BBC News - Feb. 22

Trump shakes up top military leadership

Late Friday night, President Trump fired General Charles "C.Q." Brown, the chairman of the Joint Chiefs of Staff. Defense Secretary Pete Hegseth called for the firing last year due to Brown's ...

CBS News - Feb. 22

What does DOGE's IRS shake-up mean for tax season?

DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS. But filing a return remains mandatory — the earlier the better, tax advisers say.

NBC News - Feb. 20

Investors call for shake-up of Europe’s ‘failed’ securitisation market

Fund managers and insurers say long-overdue reforms could unlock hundreds of billions of euros in financing

Financial Times - Feb. 21

Trump fires top US military officer in Pentagon shake-up

President removes CQ Brown and other senior leaders who he blames for pushing diversity, equity and inclusion policies

Financial Times - Feb. 22

MSNBC Cancels Joy Reid’s Show in Major Shake-Up

Ms. Reid’s 7 p.m. program will be replaced by a panel show co-hosted by Symone Sanders Townsend, Alicia Menendez and Michael Steele.

The New York Times - Feb. 23

Leadership shake-up and backlash follow L.A.'s fire response failures

Mayor Karen Bass fires LAFD Chief Kristin Crowley over delayed fire response, but scrutiny turns to City Hall as officials question who is truly accountable for the Pacific Palisades fire fallout.

CBS News - Feb. 25

Federal layoffs shake up Virginia ahead of 2025 governor's race

ARLINGTON, Va. — Virginia could be one of the states most affected by President Donald Trump's moves to shrink the federal workforce — and this year’s race for governor will test whether the ...

NBC News - 5d

Bangladesh student protesters form new party in political shake-up

Movement that led revolt against Sheikh Hasina seeks to challenge traditional duopoly

Financial Times - 4d

Trump's federal shake-up sparks concerns among election experts

Election experts are sounding the alarm over the Trump administration’s wide-reaching changes to the federal bureaucracy, which is impacting the cybersecurity agency responsible for protecting the ...

The Hill - 9h

Timothée Chalamet wins best actor SAG Award, shaking up Oscar race

Timothée Chalamet won the SAG Award for best actor, his first major acting award, for his portrayal of Bob Dylan in "A Complete Unknown."

Los Angeles Times - Feb. 24

Each team's most pivotal player for 2025, featuring those who could shake up the Fantasy Baseball world

So much hinges on the way things shake out for these 30 players in particular

CBS Sports - Feb. 25

Jailed Kurdish leader calls for PKK to disarm – in shift that could shake up Turkey and Middle East

Abdullah Öcalan’s message, which follows four decades of guerrilla warfare, will have far-reaching implications . The ageing leader of a Kurdish militant group imprisoned on a remote Turkish island ...

The Guardian - 5d

Trump to deliver prime-time address before Congress as policy shake-ups test key alliances

President Donald Trump on Tuesday night will deliver a joint address to Congress, where he is expected to lay out his efforts to rapidly slash the size of the federal government.

NBC News - 9h

Meta Approves Executive Bonuses Up to 200 Percent After Laying Off 1 in 20 Workers

Your company should consider the message this sends to the non-executive workforce, and not follow the tech giant’s example.

Inc. - Feb. 21

Manchester United to cut up to 200 jobs as Sir Jim Ratcliffe continues to cut costs at Old Trafford

The job cuts come along with cuts to employee amenities at Old Trafford and the Carrington training ground

CBS Sports - Feb. 24

Please Don’t Make the Starbucks Mistake

By trying to please everyone—including freeloaders—the coffee company ultimately began alienating the paying customers.

Inc. - Feb. 25

Nordstrom posts better-than-expected earnings ahead of going-private transaction

The company is not offering guidance for 2025 or hosting an earnings call, as it prepares to go private.

MarketWatch - 6h

Unilever promotes its ‘maverick’ CFO to top spot in surprise move

Fernando Fernandez, the current CFO, will take over as chief executive of the maker of Dove soap and Hellmann’s mayonnaise from Hein Schumacher, who’s stepping down on March 1 “by mutual agreement.”

MarketWatch - Feb. 25

Starbucks to cut 1,100 jobs in latest streamlining move

Starbucks Corp. is cutting 1,100 support partner roles as well as several hundred additional open positions as it works to streamline its structure by removing layers and duplicate roles.

MarketWatch - Feb. 24

Starbucks to Lay Off 1,100 Corporate Workers

The jobs cuts, which will affect about 7 percent of the chain’s non-retail staff, are part of its new chief executive’s plan to win back customers.

The New York Times - Feb. 24

Starbucks is struggling to grow sales in China. Here's why

Starbucks is facing competition from lower priced alternatives while the Chinese consumer is under increased economic pressure.

CNBC - 6d

Mira Murati’s Startup Launches, Poaching at Least 20 OpenAI Employees From Her Former Workplace

Two-thirds of the staff at Thinking Machines Lab came from OpenAI, where the founder was once chief technology officer.

Inc. - Feb. 20

Deadly listeria outbreak linked to frozen supplemental shakes

The Food and Drug Administration is investigating a possible link between frozen supplemental shakes and a deadly listeria outbreak. The now-recalled shakes are typically sold to hospitals and ...

CBS News - Feb. 24

OpenAI CFO talks possibility of going public, says Musk bid isn't a distraction

The interview with finance chief Sarah Friar comes during a pivotal time, with the startup reportedly in talks to close a $40 billion investment from SoftBank.

CNBC - Feb. 20

Will Starbucks’s Turnaround Be Successful? It All Comes Down to 1 Sentence

CEO Brian Niccol is trying to turn around Starbucks. Is his best bet following the Barnes & Noble playbook?

Inc. - Feb. 22

Starbucks to lay off 1,100 corporate workers as sales sag

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

NBC News - Feb. 24

Starbucks to lay off 1,100 corporate workers as sales sag

Starbucks made the layoff announcement after four straight quarters of falling same-store sales.

CNBC - Feb. 24

Starbucks axes some drinks and staff in bid for US turnaround

Menu items getting the axe in the US include the Royal English Breakfast Latte.

BBC News - Feb. 24

Starbucks Slashes 1,100 Corporate Jobs as Chain Pushes Turnaround Effort

The coffee chain has shuffled senior leadership, trimmed its menu, and is doing non-barista layoffs as it seeks to return to a growth trajectory.

Inc. - Feb. 24

Starbucks is laying off 1,100 workers and cutting drinks from its menu

Starbucks said the layoffs and slimmed down menu will help stores operate more efficiently.

CBS News - Feb. 24

Starbucks asks office workers to stay at home as it announces 1,100 job cuts

Corporate lay-offs are the first for coffee shop chain since 2018

Financial Times - Feb. 24

Starbucks to lay off 1,100 employees and cut drinks from its menu

Starbucks is planning to layoff 1,100 employees at the corporate level. The coffee chain is also slashing about 30% of its menu. CBS News MoneyWatch correspondent Kelly O'Grady has more on what's ...

CBS News - Feb. 25

Starbucks' drink menu is changing. Here's what it's removing and why.

Starbucks is removing these beverages from its drinks menu. Here's why it's making the new changes.

CBS News - Feb. 25

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