Markets

admin September 25, 2018

Just call it Dunkin’. Starting in January, Dunkin’ Donuts will drop the “Donuts” from ads, packages and signage at new and remodeled stores, as well as its social media accounts. The makeover is part of Dunkin’ Brand’s efforts to relabel itself as a “beverage-led” company that focuses on coffees, teas, speedy service and to-go food […]

admin September 25, 2018

It’s official: Michael Kors is buying Versace. Michael Kors (KORS) gained a foothold in the world of elite European fashion on Tuesday by striking a €1.8 billion ($2.1 billion) deal for the storied Italian brand. “The acquisition of Versace is an important milestone for our group,” John Idol, chairman and CEO of Michael Kors, said […]

admin September 25, 2018

Google CEO Sundar Pichai responded to reports that some staff had discussed tweaking search results to show a pro-immigration bias. “We do not bias our products to favor any political agenda,” he wrote in an email to Google employees. Pichai sent the note on Friday after The Wall Street Journal obtained emails traded between Google […]

admin September 25, 2018

Sears is running out of time to fix its problems, the CEO says. Eddie Lampert, who controls most of the company’s shares through his hedge fund, told the board on Monday that it must address “significant near-term constraints” in its cash position. He cited $134 million in debt payments due October 15. Lampert has proposed […]

admin September 24, 2018

Michael Kors might be about to snap up Versace. The US handbag maker is close to buying Versace in a deal that values the Italian fashion house at around $2 billion, according to Bloomberg. The deal could be announced as soon as this week. Versace declined to comment. Michael Kors and private equity firm Blackstone, […]

admin September 24, 2018

Click chart for more premarket data. 1. Sky shareholders cheer: A great day for Comcast is turning into an even better one for Sky shareholders. The American cable giant outbid 21st Century Fox (FOX) and its powerful backer, Disney (DIS), on Saturday in an auction for control of the European pay-TV broadcaster. Comcast’s (CMCSA) final […]

admin September 24, 2018

Gap is stretching into athleisure for men. Hill City, a line of men’s athletic wear to go along with the company’s Athleta brand for women, will go on sale in October. The line consists of lightweight stretch pants, puffer jackets and premium shorts meant to be worn from “working out to work to weekend.” Hill […]

admin September 24, 2018

Canadian cannabis stock Tilray has, to put it mildly, been on a strange trip. Tilray’s moves have been wackier than anything Harold and Kumar experienced on their trip to White Castle or Seth Rogen and James Franco’s adventures in “Pineapple Express.” Shares of Tilray (TLRY) have shot up nearly 50% in the past week, surging […]

admin September 23, 2018

General Electric’s power problems just got worse, and the iconic company’s comeback efforts now look even more precarious. GE Power, the most troubled part of the slumping conglomerate, confirmed on Thursday that one of its gas turbines recently suffered a glitch at a Texas power plant. The failure was serious enough that Exelon (EXC) said […]

admin September 23, 2018

1. The next debt crisis: There’s a $6.3 trillion elephant in the room. And it just might cause the next recession. The last downturn was triggered by Wall Street and Americans accumulating too much debt — particularly in the sizzling housing market. A decade later, it’s Corporate America borrowing with gusto. Egged on by extremely […]