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Nike renews its contract with the NFL after league briefly courted other bidders

Nike renews its contract with the NFL after league briefly courted other bidders

Business News

Nike football shoes are seen in a store in Krakow, Poland, on Aug. 29, 2024. Jakub Porzycki | Nurphoto | Getty Images Nike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to competitors and held talks with other companies.  Under the terms […]

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Albertsons sues Kroger after judge rules against grocery merger

Albertsons sues Kroger after judge rules against grocery merger

Business News

Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange on Oct. 14, 2022. Brendan McDermid | Reuters Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated

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SpaceX valuation surges to 0 billion as company buys back stock

SpaceX valuation surges to $350 billion as company buys back stock

Business News

SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched on its sixth test at the company’s Boca Chica launch pad in Brownsville, Texas, on Nov. 19, 2024. Joe Skipper | Reuters The valuation of Elon Musk’s SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed Wednesday. SpaceX, as well as investors,

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NFL approves sale of minority stake in the Philadelphia Eagles at .3 billion value

NFL approves sale of minority stake in the Philadelphia Eagles at $8.3 billion value

Business News

Philadelphia Eagles quarterback Jalen Hurts (1) looks on in the second half during the game between the Carolina Panthers and Philadelphia Eagles on December 08, 2024 at Lincoln Financial Field in Philadelphia, PA. Icon Sportswire | Icon Sportswire | Getty Images The National Football league has approved the sale of a minority stake in the

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Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales

Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales

Business News

Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — There’s a “renewed optimism” among U.S. car dealers heading into 2025, fueled by President-elect Donald Trump’s return to the White House as well as positive

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JetBlue to bring ‘junior Mint’ first class to domestic flights in 2026

JetBlue to bring ‘junior Mint’ first class to domestic flights in 2026

Business News

Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands.  Nicholas Economou | Nurphoto | Getty Images JetBlue Airways plans to add domestic first-class seats in 2026 on airplanes that

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Macy’s ends delivery expense investigation, saying employee hid 1 million

Macy’s ends delivery expense investigation, saying employee hid $151 million

Business News

A Macy’s store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024.  David Paul Morris | Bloomberg | Getty Images Macy’s on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books for nearly three years

Macy’s ends delivery expense investigation, saying employee hid $151 million Read More »

CEO of logistics giant C.H. Robinson says the business can weather Trump tariffs

CEO of logistics giant C.H. Robinson says the business can weather Trump tariffs

Business News

Dave Bozeman, chief executive officer of C.H. Robinson. Source: C.H. Robinson As Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he’ll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a century-old logistics giant. “I want to lay out our vision

CEO of logistics giant C.H. Robinson says the business can weather Trump tariffs Read More »

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