On Investor Day yesterday, Wells Fargo & Co (NYSE: WFC) CEO Charlie Scharf reportedly disclosed that he expects higher-than-anticipated severance expenses between $750 million and a little less than $1 billion in Q4.
Diageo PLC (NYSE: DEO) reportedly aims to divest its beer portfolio, excluding its flagship brand Guinness.
The company plans to sell beer brands, including Smithwick's, Kilkenny, and Harp Lager, based in Ireland, and Tusker in Kenya, among others, Reuters reported, citing Axios.