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Kohl’s to bring aboard veteran of Michael’s and Walmart as new CEO. Shares are falling.

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Kohl’s Corp. on Monday said Tom Kingsbury would step down as its chief executive in January and that it would bring aboard a digitally-focused veteran of Walmart Inc. and Michaels to lead the department-store chain, as it deals with enduring consumer wariness over higher prices.

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How investigators say a star fund manager illegally took $600 million from some clients and steered it to others

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Ken Leech, the star investor behind bond funds with $308 billion in assets under management, illegally steered hundreds of millions of dollars into ones held by preferred clients at the expense of funds held by less-favored customers, investigators say.

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A big investor says Sleep Number’s board can’t be trusted on this crucial matter

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After a long slump for Sleep Number Corp.’s stock price and weaker demand for its smart mattresses, one big investor, Stadium Capital Management, went public with its frustrations with the company on Monday, calling for a shakeup of its board and changes to what it said was a “flawed” search process for a new CEO.

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Zoom’s results beat expectations, but stock slips

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Videoconferencing platform Zoom Video Communications Inc. on Monday offered up third-quarter results and an outlook that came in above Wall Street’s expectations, helped by growth in its key segment geared toward businesses.

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