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The Wall Street Journal

Business
Vince McMahon 'Steps Back' As CEO Of Fairfield County-Based WWE Amid Misconduct Probe Vince McMahon 'Steps Back' As CEO Of Fairfield County-Based WWE Amid Misconduct Probe
Vince McMahon 'Steps Back' As CEO Of Fairfield County-Based WWE Amid Misconduct Probe Vince McMahon has “voluntarily stepped back” from his duties as CEO and chairman of Connecticut-based World Wrestling Entertainment, Inc., while the company's board of directors investigates claims of misconduct against him, the company announced Friday morning, June 17. The WWE, whose headquarters in Fairfield County is located in Stamford, said that a Special Committee of the Board is conducting the probe and that McMahon's move is effective immediately and will remain in place until the conclusion of the investigation.  "McMahon will retain his role and responsibilities related to W…

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by Joe Lombardi
Business
Norwalk's Charli D'Amilio, Age 17, Is Outearning Top CEOs By Millions Norwalk's Charli D'Amilio, Age 17, Is Outearning Top CEOs By Millions
Norwalk's Charli D'Amilio, Age 17, Is Outearning Top CEOs By Millions A teen social media star from Connecticut is outearning some of the most successful CEOs in the US by millions of dollars, according to new reports by Forbes and the Wall Street Journal. With 133 million TikToker followers, 17-year-old Fairfield County resident Charli D'Amelio, of Norwalk, who started posting to TikTok in 2019 -- has the video-sharing app's largest following, Forbes says. Last year, she brought in $17.5 million. The median pay for chief executives of S&P 500 companies in 2020 was $13.4 million, the WSJ reports. Darren Woods was the highest-earning CEO of 2020, brin…

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by Cecilia Levine
Business
CVS Expanding In-Store Counseling Pilot Program CVS Expanding In-Store Counseling Pilot Program
CVS Expanding In-Store Counseling Pilot Program CVS is expanding a program to offer counseling sessions from mental-health providers in its stores. The Wall Street Journal reported that the company began piloting the program earlier this year at 13 locations. CVS is now set to expand the program to 34 locations after seeing a high return rate among customers who had a consultation, the news outlet said. CVS said the counseling sessions take place in a private room in the store. WSJ reported that a 30-minute counseling session costs $69. It costs $129 for a mental-health assessment. The news outlet reported that some Walmart Health loc…

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by Nicole Valinote
News
Asian-American Business Leaders Create New Initiative To Fight Racism, Discrimination Asian-American Business Leaders Create New Initiative To Fight Racism, Discrimination
Asian-American Business Leaders Create New Initiative To Fight Racism, Discrimination “...We are tired of being treated less than American…”  So begins an open letter in the Wednesday, March 31, 2021 edition of The Wall Street Journal signed by over 1,000 American-Asian business leaders. Some of the names (or at least their companies) you'll probably recognize: Jerry Yang, Eric Yuan, and Steve Chen, for instance, the co-founder of Yahoo, CEO and founder of Zoom, and co-founder of YouTube, respectively. But there are hundreds more who have made an impact in their fields and communities. In an email sent to supporters, David Lu, a managing partner at Hyphen Captial and one of…

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by Vira Mamchur Schwartz
Politics
Accused Again: Two More Ex-Cuomo Aides Make Sexual Misconduct Allegations Accused Again: Two More Ex-Cuomo Aides Make Sexual Misconduct Allegations
Accused Again: Two More Ex-Cuomo Aides Make Sexual Misconduct Allegations Two more former aides to Andrew Cuomo are accusing him of sexual misconduct, bringing the number of women who have publically said they were sexually harassed by the New York governor to five. Ana Liss, who was Cuomo's policy and operations aide between 2013 and 2015, said he kissed her hand, touched her on her lower back, called her sweetheart, and asked if she had a boyfriend. The 35-year-old Liss made her allegations in an interview with The Wall Street Journal. Another former aide, Karen Hinton, said Cuomo summoned her to a hotel room, pulled her towards him, and held her in 2…

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by Joe Lombardi
News
COVID-19: CDC Expected To Shorten Quarantine Period For Virus COVID-19: CDC Expected To Shorten Quarantine Period For Virus
Covid-19: CDC Expected To Shorten Quarantine Period For Virus The Centers for Disease Control and Prevention (CDC) may be altering its guidance on how long someone exposed to COVID-19 should quarantine to avoid the spread of the virus. Currently, federal health officials are recommending that anyone who comes into contact with someone infected with COVID-19 quarantine for a minimum of 14 days. However, despite a new spike in COVID-19 cases across the country, officials are in the process of reducing that period to between seven and 10 days, according to a report from The Wall Street Journal. The logic behind the switch, according to the CDC, comes in…

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by Zak Failla
Business
Toys 'R' Us May Close Another 200 Stores, Report Says Toys 'R' Us May Close Another 200 Stores, Report Says
Toys 'R' Us May Close Another 200 Stores, Report Says Less than a month after announcing it planned to close 182 outlets, another 200 Toys 'R' Us stores may also be closing, according to a report in The Wall Street Journal on Thursday. The total of near 400 closures would be 45 percent of the toy retailer's total number of stores. Toys 'R' Us also reversed plans to offer severance packages to all affected employees, The Wall Street Journal reported. The locations of the 200 stores were not available. Toys 'R' Us, which filed for bankruptcy last fall, announced on Jan. 24 it planned on closing the 182 outlets, according to a court filing. A …

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by Joe Lombardi