Runners say the sneaker giant has stepped back from the community, opening the door for Hoka, New Balance and others.
Category: Business
Walgreens Plans Major U.S. Store Closures; Shares Tumble
Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered its guidance for the full […]
Canada Orders Binding Arbitration to Resolve WestJet Labor Dispute
Canada’s Labor Minister ordered WestJet Airlines and the union representing the carrier’s maintenance engineers enter into binding arbitration on a new labor agreement, averting strike […]
Yelp Doubles Down on Home Services as Restaurant Advertising Cools
The review site is planning to spend $40 million this year to grow its business with local-services companies such as plumbers, electricians and movers.
Amazon Takes On Chinese Rivals Temu and Shein With Plans for New Discount Service
Amazon plans to launch a service focused on shipping cheap goods directly from warehouses in China as it faces growing competition from the Chinese e-commerce […]
GSK Slumps After CDC Narrows Age Recommendation for RSV Shots
GSK shares fell more than 5% after U.S. health officials narrowed their recommendation of respiratory syncytial virus vaccines to a smaller age range and more […]
Bill Gates on His Climate Investments: The Early Winners and Long Shots
The Microsoft co-founder breaks down his climate investments.
H&M Shares Plunge on Worsening Outlook
Hennes & Mauritz’s shares fell 13% after it made a weak start to its third quarter and warned that its performance would be hurt by […]
Lynas Bets on New Rare Earths Products, Breaking China Stranglehold
The Australia-listed company plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia.
Atos Gets Revised Restructuring Proposal After Onepoint Withdrawal
Atos is in talks with bondholders and banks after a consortium that included shareholder Onepoint withdrew its rescue proposal, the latest setback for the struggling […]