Retail News
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Billionaire investor Carl Icahn withdrew a slate of directors for Clorox Co. after concluding that shareholders wouldn’t support his plan to try to sell the company to rival consumer-products makers.
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Google Inc. executive Dennis Woodside will take charge of integrating the $12.5 billion Motorola Mobility Holdings Inc. acquisition, which the company announced last month.
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Nike Inc., the world’s largest sporting-goods maker, rose the most in a month after profit topped analysts’ estimates and it raised a sales forecast as North American demand strengthened.
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Tiffany & Co., which almost tripled its value selling engagement rings since the recession, may be a takeover target after ending an alliance with Swatch Group AG and could hand investors an extra $3.4 billion in a deal.
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