business
Correction
David Bookbinder no longer represents Boulder County, Colo., in its climate lawsuit against Suncor Energy and Exxon Mobil. Source link
How Did We End Up With Performance Reviews, Anyway?
They’ve long been reviled by employees. The good news is that many companies are rethinking their approach. Source link
Yum Brands Explores Sale of Pizza Hut
The pizza chain has nearly 20,000 locations worldwide and reported declining same-store sales for several quarters. Source link
TriMas to Sell Aerospace Segment for $1.45 Billion
TriMas agreed to sell its aerospace business for $1.45 billion to an affiliate of private investment firm Tinicum. Funds managed by Blackstone will be a minority investor in the transaction. Source link
Major Investor in Victoria’s Secret Seeks Board Shake-Up
BBRC, which owns a nearly 13% stake in the retailer, sent a letter to its board calling for the removal of the chair and installation of the investor’s founder. Source link
U.S. Natural Gas Futures Ease After Rally
U.S. natural gas futures returned some of the recent gains made on a colder temperature outlook. Source link
Hertz Swings to Profit as it Focuses on Newer Cars in Fleet
Hertz swung to a third-quarter profit, boosted by plummeting depreciation, as the company continues its strategy to swap out older cars for a newer fleet. Source link
Shopify Beats Forecasts Fueled by Strong Merchant Growth
Shopify’s third-quarter sales rose by nearly a third, by adding more merchants to its platform and selling more merchandise. Source link
Uber Profit, Revenue Jump on Increased Trips
The ride-hailing company logged higher profit and revenue in the third quarter, as the company said it notched one of the largest trip-volume increases in its history. Source link
Nintendo Raises Switch 2 Sales Forecast as Earnings Soar
The Japanese company now forecasts fiscal-year revenue to increase 93% and net profit to climb 25.5%. Source link