- BusinessFox Business•10 hours ago
Ackman takes aim at ADP as tensions mount
The showdown between Pershing Square Capital’s Bill Ackman and ADP’s (NASDAQ:ADP) Carlos Rodriguez could intensify on Thursday, as Ackman is expected to detail his plan of progress for the company – the source of an ongoing rift between the pair. Ackman has said he has ideas for “transformative change” at ADP, which will be detailed to investors Thursday. The rift between the hedge fund manager and ADP was born out of an email sent by Rodriguez, on accident, to Ackman.
BusinessThe Street•8 hours agoWalmart Is Preparing Its Employees For the Day When Robots Take Over
Walmart Store Inc.'s (WMT) store of the future may appear to be scarily devoid of employees. In reality, humans will still work there, but expect to see more robots. In addition to Walmart starting to use 16-foot automated towers to distribute online orders, scan-and-go technology to replace cashiers and digital screens to answer customers' questions, it may eventually deploy robots to handle inventory. "One thing is for sure, employees will be in different roles," Greg Foran, president and CEO of Walmart, said in response to a question posed by TheStreet on Thursday, Aug. 17 during a media call. "Do I want to have a situation where in every Supercenter I've got a team of associates out in the
FinanceReuters•1 hour agoInfosys CEO Vishal Sikka resigns, cites recent "drumbeat of distractions"
U.B. Pravin Rao, Infosys' chief operating officer, was named interim managing director and chief executive. Rao will report to Sikka, who will take the executive vice chairman role until a permanent CEO takes charge, which should be no later than end-March 2018, Infosys said. The move comes after a protracted war of words between Infosys and its founders and some former executives, who were unhappy with various decisions taken by the board.
