The sportswear brand said it has agreed to pay $434 million to settle claims related to past company financials and focus on its restructuring plan.
Category: Business
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era employee retention tax credit, and to maintain a moratorium […]
Copper Producer Aurubis Appoints New CEO After Metal Theft
Aurubis, one of the world’s largest copper producers, named a new chief executive in a sweeping restructuring of its executive board following cases of metal […]
Why Your Starbucks Frappuccino Is Now Half-Price
The coffee chain, long known for premium brews, is pumping out more deals to woo price-sensitive customers.
Car Dealers Grapple With Dayslong Software Outage After Cyberattack
CDK Global, the company behind the software, told dealerships that it has had two cyber incidents this week.
U.S. Approves First Menthol-Flavored Vapes
Altria’s NJOY brand won FDA authorization for four products, after the agency previously ordered many menthol-flavored vapes off the market.
Skincare Company Galderma Sees Opportunity in ‘Ozempic Face’
Speedy weight loss from drugs used to fight obesity and diabetes has left some users looking gaunt and aged. The boss of Swiss skincare group […]
If AI Is More Often Right Than Humans, Which Should We Trust? The Readers Weigh In
New advancements may mean that we turn more decision-making over to machines. Is that a good thing?
Robert Winnett Won’t Become Editor of the Washington Post
The veteran British journalist will remain at London’s Telegraph, a reversal that comes as he had been under scrutiny for tactics he used in U.K. […]
The Power of Finding the Sweet Spot of Hybrid Work
The best-managed companies demand enough in-office time for employees to meet and brainstorm, but offer enough flexibility to attract workers.