Company

admin June 21, 2018

The world is losing dozens more Toys “R” Us stores. Efforts to find a buyer for the retail brand’s Australian business have failed after all interested parties pulled out of the sale process, according to administrators who were appointed to run the struggling operations. The 44 Toys “R” Us and Babies “R” Us stores across […]

admin June 21, 2018

American Outdoor Brands, the gun maker that owns the iconic Smith & Wesson line of firearms, reported plunging sales on Wednesday. The company said that quarterly sales dropped 25% compared to the fourth quarter of last year, and profit plummeted more than 70%. Sales for the full year were down 33% from the year before, […]

admin June 21, 2018

Amazon, Berkshire Hathaway and JPMorgan Chase announced the leader of their new health care company. Dr. Atul Gawande, a renowned surgeon and writer, has been named CEO of the new health care venture. Gawande practices general and endocrine surgery at Brigham and Women’s Hospital in Boston and is a professor at Harvard Medical School. He’s […]

admin June 20, 2018

Tesla’s attempt to ramp up Model 3 production may have hit a new stumbling block — employee sabotage. In an email to Tesla employees late Sunday night, CEO Elon Musk says that an unnamed employee admitted to sabotaging the company’s Freemont, California plant. The problem comes as Tesla scrambles to boost production of its Model […]

admin June 20, 2018

Gatorade is ditching sugar. Gatorade Zero, a thirst quencher without sugar or carbs, hit stores around the country this week. It comes in orange, lemon lime, and glacier cherry, and is priced in line with the brand’s classic sports drink. The new drink is a tacit admission that the heyday of sugary sports drinks is […]

admin June 20, 2018

CEOs are speaking out against the separation of children from their families at the US border. The top executives of Apple, Goldman Sachs and other powerful companies condemned the practice on Tuesday and called on the government to put an end to it. “Separating a child from a mother or father is not political. It […]

admin June 20, 2018

Wells Fargo’s quest to clean up its act requires workers to shine a light on shady activity when they see it. A top Wells Fargo (WFC) executive said on Tuesday that employees are increasingly using the bank’s confidential hotline to report bad behavior. “Our volumes increased on our ethics line. We’re glad they did. People […]

admin June 19, 2018

Netflix investors are shrugging off the drama in the broader market as well as the consolidation in the media world Stocks around the world are falling because of trade war fears. And the media landscape is in the midst of a massive shift after CNN’s new parent company AT&T bought Time Warner and a bidding […]

admin June 19, 2018

AT&T and Time Warner just got the green light. Now it’s time for the next round of media merger mania. A federal judge’s decision Tuesday to approve the deal between the telecom and media giants will almost certainly spur Comcast to submit its own bid for most of 21st Century Fox -— and soon. That […]

admin June 19, 2018

The AT&T-Time Warner decision will reverberate across big business. Corporate executives were watching Judge Richard Leon’s decision closely. And they got what they were hoping for. His blessing in the AT&T case will embolden other companies to merge with less fear of regulatory interference. And companies with mergers already in the works, particularly in media […]