New York Times business news - Aug 14
Aug 14 (Reuters) -The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Starbucks SBUX.O, facing slowing sales for its lattes and frappuccinos, a slumping stock, and agitation from activist investors, abruptly ousted its chief executive Laxman Narasimhan on Tuesday, replacing him with Brian Niccol the chief executive of Chipotle Mexican Grill CMG.N.
- Paramount PARA.O, the parent company of CBS, Nickelodeon and MTV, told its employees on Tuesday it was beginning a series of long-scheduled job cuts that would winnow its staff by roughly 15% in the United States.
- U.S. Justice Department officials are considering what remedies to ask a federal judge to order against search giant Google GOOGL.O, that includes breaking off parts ofthe company, such as its Chrome browser or Android smartphone operating system.
- The state of Texas sued General Motors GM.N on Tuesday, accusing the automaker of collecting detailed driving data on 16 million drivers and selling it to insurance companies without their consent.
- The United Automobile Workers union, which has backed U.S. Vice President Kamala Harris, filed charges with federal labor regulators on Tuesday accusing former President Donald Trump and Elon Musk of threatening workers during a live streamed conversation a day earlier.
- The U.S. Consumer Financial Protection Bureau signaled it would take a tougher stance with seller-financed home sales on Tuesday, saying that they were subject to many of the same consumer protections as a more traditional mortgage.
(Compiled by Bengaluru newsroom)
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