Seven & i Holdings, the parent company of 7-Eleven, announced that CEO Ryuichi Isaka will be replaced by lead independent outside director Stephen Dacus, marking the first time a foreigner will serve as the top executive. Dacus will assume the role on May 27, while Isaka will continue as a senior adviser. The company also revealed plans for a $13.2 billion share buyback, the listing of its North American subsidiary, 7-Eleven Inc., in 2026, and a majority stake in the subsidiary.
Full Article
More electronic devices being searched at the U.S. border than ever before
U.S. Customs and Border Protection reports that electronic device searches at the border have surged, with 14,899 inspections conducted between April and June 2023, up from 12,090 in 2022. These searches aim to detect digital contraband and enforce laws, primarily affecting non-U.S. citizens, and involve basic and advanced search methods requiring reasonable suspicion. Want More Context? 🔎
Read more