Company

admin September 5, 2018

Wall Street seems to think Nike just blew it with its new ad campaign featuring controversial quarterback Colin Kaepernick. Shares of Nike (NKE) fell nearly 3% in midday trading Tuesday. #NikeBoycott was a trending topic on Twitter, with some people posting photos and videos of ripped Nike socks and burned Nike sneakers. Many people also […]

admin September 4, 2018

The demise of the once-storied Kenmore appliance brand is the perfect embodiment of Sears’ collapse. At the start of this century, Kenmore was one of the top appliance brands in the country, and was only available at Sears stores. Sears was the largest seller of other appliance brands too, and it dominated that market. No […]

admin September 4, 2018

Companies and brands often attempt to avoid taking strong public positions out of fear of alienating customers, but Nike is running straight into the political fray. Just days before a new NFL season gets underway, Nike is throwing its weight behind one of the most polarizing figures in football, and America: former San Francisco 49ers […]

admin September 2, 2018

1. Big Tech heads to Washington: Top brass from Twitter and Facebook will face off with members of Congress Wednesday. Twitter (TWTR) chief Jack Dorsey and Facebook (FB) Chief Operating Officer Sheryl Sandberg will appear before the Senate Intelligence Committee at 9:30 am ET on Wedesday. The topic is foreign actors’ use of social networks […]

admin September 1, 2018

Ford is canceling plans to make a new small SUV model in China and ship them back to the United States. The automaker had planned to build the Focus Active SUV in China about this time next year. But the Trump administration’s planned tariffs on Chinese imports would make the plan too expensive. Ford (F) […]

admin August 31, 2018

Coca-Cola is betting coffee shops will bring it closer to total beverage domination. On Friday, the company announced that it has agreed to buy UK coffee chain Costa Coffee for $5.1 billion. It’s an unusual move. Traditionally, big beverage companies build up their portfolios by investing in promising startups. Coke recently took a stake in […]

admin August 31, 2018

China’s biggest internet search engine is suing a comedian after he mocked the company and its CEO on social media. The comedian, who posts under a pseudonym, said that Baidu (BIDU) is claiming that he defamed Robin Li, its founder and chief executive, and damaged the company’s reputation and public image. In a statement to […]

admin August 31, 2018

Coca-Cola is getting a $5 billion shot of caffeine. The company has agreed to buy coffee chain Costa Coffee from UK drinks and hotels group Whitbread for £3.9 billion ($5.1 billion). Costa has nearly 4,000 stores across 32 countries. It will give Coca-Cola (KO) “a strong coffee platform across parts of Europe, Asia Pacific, the […]

admin August 31, 2018

Americans living paycheck to paycheck are a boon for dollar stores even as the economy strengthens. “While the economy is doing very well, our core customer continues to struggle because, normally, her expenses outstripped her wage growth,” Dollar General chief executive Todd Vasos told analysts on a conference call Thursday. He cited rising rent and […]