BEIJING — One Chinese baby products company announced Tuesday it is officially entering the United States, the world’s largest consumer market —…
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Investing
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Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the…
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Investing
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
by adminThe Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with…
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Investing
Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
by adminCava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have…
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Investing
Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation
by adminNvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research…
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Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable…
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Investing
‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots
by adminBombas founder David Heath is stepping down from his role as CEO as the socks and apparel company looks to expand beyond…
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Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its…
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Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear…
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Investing
Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround
by adminAs struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. The company is expanding the number of retail stores served by its…