Business
Armenian organized crime rings charged with stealing $83 million in Amazon cargo
Department of Justice officials on Tuesday charged members or associates of an Armenian organized crime ring with stealing more than $83 million...
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Target calls price hikes a ‘very last resort’ for offsetting tariffs as sales slump
Raising prices on consumers to cover the costs of President Donald Trump’s tariffs will be Target’s ‘very last resort,’ CEO...
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Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line
Sports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming marketing event....
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Levi Strauss to sell Dockers to brand management firm Authentic Brands Group
Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. ...
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Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
The Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person...
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Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as...
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‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots
Bombas founder David Heath is stepping down from his role as CEO as the socks and apparel company looks to...
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Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team
Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of...
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Netflix says its ad tier now has 94 million monthly active users
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20...
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Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a...
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