A federal judge blocked Tapestry’s acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission’s motion for a preliminary injunction to block the proposed merger, which would marry America’s two largest luxury houses and put six fashion brands under one company: Tapestry’s Coach, Kate Spade and […]
As McDonald’s and health authorities race to contain a deadly E. coli outbreak, the burger chain faces challenges in the months ahead to keep the trust of diners and investors. Shares of the fast-food giant have fallen 7% since the Centers for Disease Control and Prevention issued an advisory notice Tuesday, warning that the company’s Quarter Pounder burgers have […]
Cosm, the immersive technology company that broadcasts live sports events using what it calls “shared reality,” is partnering with the National Football League, the company announced Monday. As part of the deal, Cosm will produce and distribute NFL games at its venues throughout the rest of the 2024 season. The deal includes broadcasting every Thursday night football […]
Gatorade is adding another big-name athlete to its already loaded portfolio. First-year Duke men’s basketball player Cooper Flagg has agreed to a name, image and likeness deal with PepsiCo-owned Gatorade, according to a Tuesday announcement. Flagg is projected to be the first overall draft pick in the 2025 National Basketball Association Draft and already has NIL […]
A week after health authorities publicly linked a deadly E. coli outbreak to McDonald’s Quarter Pounder burgers, the company’s CEO, Chris Kempczinski, told investors that the situation is now behind them. “How we’ve handled the issue, now that we’re moving … we view it as being behind us,” Kempczinski said on the company’s call Tuesday. During his […]
DETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of the Motor City and 1.1 million automotive jobs — remains a critical swing state. Vice President Kamala Harris, former President Donald Trump, and their running mates and supporters have made Michigan a second home in recent weeks […]
Chipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares of the company fell 3% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Chipotle reported third-quarter net income of $378.4 million, or 28 cents […]
North Korea has sent troops to Russia, the United States said Wednesday, its first public confirmation of a move that has rattled Western allies and could mark a major escalation of Moscow’s war in Ukraine. “There is evidence of DPRK troops in Russia,” Defense Secretary Lloyd Austin told reporters in Rome, using the abbreviation for North Korea’s formal name, […]
Israeli Foreign Minister Israel Katz on Thursday said Hamas leader Yahya Sinwar was killed by Israel’s military forces. “The elimination of Sinwar creates an opportunity for the immediate release of the hostages and a potential change that could lead to a new reality in Gaza—without Hamas and without Iranian control,” he said in a statement, […]
Electricity went out on the entire island of Cuba on Friday, affecting its population of 10 million after one of its main power plants failed, according to Cuba’s energy ministry. The government had tried to keep the lights on earlier in the day by closing schools and having most state workers stay home in an effort to […]