Sources told CNBC that Carlos Tavares was fixated on near-term costs and profits to the detriment of the business as well as the company's products.

Macy's faces its fourth activist push in the last decade as it tries to turn around struggling stores.

Hershey shares climbed as much as 15% during Monday trading after reports that Mondelez is attempting another takeover of the chocolate company.

Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company seeks a replacement CEO.

Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster of Pat Gelsinger.

Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1.

Owner Comcast considers the cable news channel to be crucial to a new spinoff venture.

Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.