German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
Industry
Seafood Chain Red Lobster Initiates Search for Buyer Amid Looming Bankruptcy Filing
Red Lobster seeks buyer to evade bankruptcy amid debts and losses—casual dining industry woes worsened by the pandemic.
Walgreens to Open a New Pharmacy Offering Cell and Gene Therapies to Patients With Chronic Diseases Like Cancer
Walgreens Boots Alliance Inc. is opening a new pharmacy offering cell and gene therapies for patients with cancer, cystic fibrosis, and Crohn's disease.
Toyota Teams Up With China's Tencent to Attract Younger Drivers in the Era of AI
Toyota has partnered with Tencent to attract younger drivers in China. Japanese automaker Toyota has announced a partnership with Tencent, a Chinese social media and gaming giant, as it tries to appeal to the tech-savvy younger demographic.
Elon Musk's SpaceX Injury Rates Soar Highest in the Industry for Second Year
Injury rates at SpaceX facilities remained higher above the industry average in 2023, according to an assessment of safety data submitted to US authorities by billionaire Elon Musk's space business.
Latest News
Thrasio, a major aggregator of Amazon third-party sellers, is undergoing drastic leadership changes.
China's space tourism could soon happen as the government considers allowing the Tiangong space station to host tourists.
Stellantis plans to lay off an unspecified number of employees at its American plants in the coming months.
A surge in power use from AI-powered data centers is projected to substantially increase natural gas demand in the coming years, according to a new report.
TikTok and its China-based parent company, ByteDance, have collectively spent over $7 million to counter its potential US ban.
The FTC has voted in favor of a nationwide ban against noncompete agreements. The Federal Trade Commission (FTC) voted 3-2 on Tuesday to ban noncompete agreements, which companies use to prevent employees from working with competitors within the same industry.
The facility was officially opened on Tuesday with a ribbon-cutting ceremony attended by Amazon officials and local leaders.
Apple has confirmed that it will host a highly anticipated event on May 7th, where it is expected to unveil updated versions of its popular iPad Pro and iPad Air models.
IBM is currently in negotiations to acquire HashiCorp, a prominent cloud software provider. The news sparked a 24% surge in HashiCorp's stock, pushing its market value to $6.1 billion.
