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Dish Network Corp. said on Tuesday that Chief Executive Charlie Ergen will step down in order to focus more on the company’s new wireless business. Dish’s former Chief Operating Officer, Erik Carlson, will replace Ergen as CEO. However, Carlson will still report to Ergen, who will remain the company’s chairman. Carlson has been at Dish since 1995. Dish also said that it’s restructuring its operational and staff leadership framework in order to more effectively support Dish TV, Sling TV and its wireless business. Along with Carlson’s new role, Dish named Wal-Mart Stores Inc. veteran David Scott to the role of chief Human Resources Officer. Shares of Dish have declined nearly 11% in the year to date, while the S&P 500 index is up close to 18% and the Dow Jones Industrial Average is up 23%.

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Lands’ End Inc. shares spiked 10.2% in Tuesday premarket trading after the retailer reported third-quarter earnings and revenue that beat expectations. Net income totaled $162,000, or a penny per share, compared with a loss of $7.2 million, or 23 cents per share, for the same period last year. Revenue was $325.5 million for the quarter, up from $311.5 million last year. The FactSet consensus was for a loss of 4 cents per share and sales of $320.0 million. Direct segment sales increased 6.7% year-over-year to $290.3 million, while retail segment sales fell 10.8% to $35.1 million, due primarily to fewer Lands’ End Shops at Sears . Same-store sales fell 1.3% for the quarter. Lands’ End shares are down 27% for the past year while the S&P 500 index is up 19.7% for the period.

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Piper Jaffray Cos. said Tuesday Chairman and Chief Executive Andrew Duff will retire from his CEO role, a position he’s held since 2000. The investment bank and asset management company said it named Chad Abraham as CEO, effective Jan. 1. Duff will remain as chairman. Abraham is currently the global co-head of investment banking and capital markets. The company also named current Chief Financial Officer Deb Schoneman as president, effective Jan. 1. The stock is currently halted for news. It has soared 45% over the past three months, to be up 7.7% year to date, while the SPDR Financial Select Sector ETF has climbed 20% so far this year and the S&P 500 has gained 18%.

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Williams-Sonoma Inc. [s:wsm] said Tuesday that it has launched four e-commerce sites in Canada for the namesake Williams Sonoma brand, West Elm, Pottery Barn and Pottery Barn Kids. The sites will feature products sold in Canadian stores and items that haven’t yet launched in the Canadian market. The company said it generates more than half of its revenue online. Williams-Sonoma has 24 bricks-and-mortar locations in Canada. The company’s stock is unchanged in premarket trading, but up more than 12% for the year so far. The S&P 500 index is up 17.9% for 2017 to date.

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Apple Inc. shares edged up 0.1% in premarket trading Tuesday following a report from Kantar Worldpanel ComTech on smartphone market share. Kantar said that Apple’s share of smartphone sales fell in several major markets, including the United States, Japan, and Great Britain, for the three months ending in October, relative to a year earlier. Apple’s performance was likely hurt by the fact that its flagship iPhone X wasn’t available until November, whereas the iPhone 7 went on sale in September of last year, the firm said. Apple’s share rose 0.5% in China, according to Kantar, as the major smartphone manufacturers there crowded out some of the smaller local players. Huawei Technologies Co., Xiaomi Inc., Apple, Vivo, and Oppo Electronics Corp. together made up 91% of sales for the period, up from 79% a year earlier, the report noted. Apple shares have gained 47% so far this year, compared with a 23% gain for the Dow Jones Industrial Average .

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American International Group Inc. said Tuesday it has named Tom Bolt as chief underwriting officer for general insurance, effective January. Bolt, who will join AIG from Berkshire Hathaway Specialty Insurance where he was CEO of the U.K. and Southern Europe, will report to AIG CEO Peter Zaffino and will join the general insurance executive leadership team. He will be responsible for “developing a global framework for underwriting standards, authority and structure that is aligned with AIG’s overall risk appetite,” the company said in a statement. Shares were not yet active premarket, but have fallen 9% in 2017, while the S&P 500 has gained 18%.

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Ford Motor Co. said Tuesday it will introduce more than 50 new vehicles in China by 2025. The automaker’s China growth plan includes the assembly of five more vehicles in China, starting in 2019, and an increase in engineering and research and development capabilities locally to support the growth plan. The new vehicles in China will include eight SUVs, at least 15 electrified vehicles from Ford and Lincoln and the Zotye-Ford JV will launch a new range of affordable all-electric vehicles. Ford said it will continue to work with China-based internet company Baidu Inc. to develop driverless cars. “China is not only the largest car market in the world, it’s also at the heart of electric vehicle and SUV growth and the mobility movement,” said Chairman Bill Ford. The stock, which tacked on 0.3% in premarket trade, has rallied 11% over the past three months, while the shares of rival General Motors Co. have climbed 16% and the Dow Jones Industrial Average has gained 12%.

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Sealed Air Corp. said Tuesday it is raising the prices of its food care products in Europe, the Middle East and Africa by 2.5% to 5.0% effective Jan. 1, 2018. “The price adjustment is the result of escalation of notable increases in the Company’s raw materials costs including a 19% rise in the price of polyethylene, a 16% rise in nylon and a 35% rise in polystyrene as well as other non-materials costs such as power, labor and transportation in the range of 1-4%,” Karl R. Deily, President of Sealed Air Food Care division, said in a statement. Switzerland and the U.K. are exempted, because the company raised prices there earlier this year. The changes include increases on all shrink bags, rollstock products, food films and vertical pouch packaging. Shares were not yet active premarket, but are up 6% in 2017, while the S&P 500 has gained 18%.

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McDonald’s Corp. said Tuesday it will launch a new value menu with $1, $2 and $3 menu options, in participating restaurants beginning Jan. 4. Each menu tier will include breakfast, burger, chicken and drink options. The $1 menu will include sausage burritos, McChicken and Cheeseburger, and any size soft drink. The $2 menu will include Sausage McGriddles, two-piece buttermilk Crispy Tenders, Bacon McDouble and a small McCafe drink. The $3 menu will include Sausage McMuffin with egg, a new Classic Chicken Sandwich, Triple Cheeseburger and Happy Meal. “We built this new menu with variety and value firmly in mind,” said Chris Kempczinski, president of McDonald’s USA. “Whatever our guests crave – a delicious meal, a new taste, a mid-day snack or a family treat – they will find that $1 $2 $3 Dollar Menu provides them with value and choice.” McDonald’s gained 1% i premarket trade. It has run up 40% year to date through Monday, while the Dow Jones Industrial Average has climbed 23%.

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G-III Apparel Group Ltd. shares surged 6% in premarket trade Tuesday, after the company topped profit estimates for the third quarter and raised its guidance for the full year. The company said it had net income of $81.6 million, or $1.65 a share, in the quarter, up from $70.6 million, or $1.50 a share, in the year-earlier period. Excluding charges relating to the acquisition of Donna Karan International which closed in December of 2016, the company had EPS of $1.67, well ahead of the $1.54 FactSet consensus. Sales rose 16% to $1.02 billion, compared with a FactSet consensus of $1.03 billion. The company said it is now raising its full-year profit guidance and expects EPS of $1.33 to $1.43, up from prior guidance of $1.11 to $1.21. Adjusted EPS is forecast at $1.42 to $1.52, up from prior guidance of $1.28 to $1.38. The company is expecting operating losses of about $23.9 million and additional interest expense of $22.8 million relating to the Donna Karan business. Shares have gained 2% in 2017 through Monday’s close, while the S&P 500 has gained 18%.

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