Industry

Nike is cutting 775 U.S. distribution center jobs to boost automation and streamline operations.

Apple and Google will pay $163M to settle lawsuits over devices secretly recording users' conversations.

FDA testing links unopened ByHeart formula to contaminated whole milk powder in botulism outbreak affecting babies.

Hermès closed a chapter in Paris as menswear creative director Véronique Nichanian presented her final collection after 37 years at the house.

Tesla owners in the US and Canada now must pay $99/month for highway lane-assist features once included for free.

Ben & Jerry's board is down to two directors after Magnum alleges misconduct by the former chair and raises audit concerns.

Paramount extends its deadline to convince investors its bid for Warner Bros is stronger than Netflix's rival offer.

Amazon plans its largest-ever store in Illinois, blending grocery shopping, merchandise sales, and order fulfillment in one massive location.

TikTok secures its future in the U.S. after a US-China approved deal transfers American operations to a new investor-led venture.

Spirit Airlines explores a private equity takeover as it struggles to avoid another bankruptcy amid ongoing financial challenges.

Lincoln Logs may move overseas as its Maine factory closes after losing a major contract, raising prices and ending U.S. production.

Peet's Coffee is closing several U.S. stores after Keurig Dr Pepper's $18 billion takeover of its parent company.

Nathan's Famous hot dog chain is acquired by Chinese-owned Smithfield Foods in a $450 million deal.

Stoli Group and Kentucky Owl move toward liquidation as bankruptcy struggles threaten their U.S. operations.

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Nike Job Cuts Hit U.S. Distribution Centers in Move Toward Automation