Kohl’s, Costco, Lowe’s Sales Sluggish as Shoppers Pull Back
Consumer wariness constrains earnings for retailers Dick’s, e.l.f. Beauty and Williams-Sonoma. Source link
Consumer Goods
Target Lands in Culture-War Crosshairs Over Pride Month
The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT...
Apple Strikes Multibillion-Dollar Supply Deal With Broadcom
The iPhone maker is extending a chip-supply agreement in a multiyear deal, while it has been trying to bring more...
Corporate Diversity Programs Get Religion
Companies are sponsoring chaplains and faith-based groups in an effort to promote inclusion in the workplace. Source link
Microsoft’s $75 Billion Activision Blizzard Deal Gets EU Approval
The decision comes weeks after the U.K. regulator rejected the agreement, saying it would crimp competition in the country’s gaming...
Peloton Recalls 2.2 Million Bikes, Customers Told to Immediately Stop Using Them
The Consumer Product Safety Commission said people should immediately stop using the bikes. Source link
Oatly Names Jean-Christophe Flatin as New CEO and Narrows Quarterly Loss
Current Chief Executive Toni Petersson is set to become the oat-milk company’s co-chairman. Source link
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs. Source...
Tyson Foods Stock Plummets After It Slashes Outlook for 2023
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DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal
The Swedish lockmaker has agreed to sell some of its brands to another company. Source link
Peloton’s Progress in Narrowing Losses Falls Short of Expectations
The exercise-equipment company continues to sit on high levels of unsold web-connected bikes and treadmills. Source link
‘The Super Mario Bros. Movie’ Becomes the First Billion-Dollar-Plus Film of 2023
The animated film is just the fifth movie since the pandemic to gross 10 figures worldwide. Source link
Kevin Durant Signs Lifetime Contract With Nike
The Phoenix Suns star is the third NBA player to land the rare deal, behind Michael Jordan and LeBron James....
Tucker Carlson’s Vulgar, Offensive Messages About Colleagues Helped Seal His Fate at Fox News
The prime-time host called a senior executive the c-word in a redacted missive, and the network grew wary of further...
How Bud Light Handled an Uproar Over a Promotion With a Transgender Advocate
Two executives have been put on leave, and sales of the No. 1 U.S. beer have declined in recent weeks....
Apple Wins Appeal in App Store Case Brought by Fortnite Maker Epic Games
A federal appeals court upheld a ruling that mostly sided with Apple on App Store policies. Source link
Anheuser-Busch Executive Takes Leave After Transgender Influencer Was Featured on Beer Can
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Fox Has Settled One Voting Machine Company’s Defamation Case. Another Looms.
Fox’s $787.5 million settlement with Dominion Voting Systems gives Smartmatic leverage, legal experts say. Source link
Fox to Pay $787.5 Million to Settle Dominion’s Defamation Lawsuit
The settlement averts a trial on the voting-machine company’s allegations that it was defamed by network broadcasts after the 2020...
Fox News, Dominion Prepare for Battle in $1.6 Billion Defamation Trial
A Delaware jury is slated to consider whether the network acted with “actual malice” in broadcasting false election-fraud claims. Source...
