Industry

FTC Sues to Block $8.5 Billion Merger of Coach and Michael Kors Handbag Makers

FTC Sues to Block $8.5 Billion Merger of Coach and Michael Kors Handbag Makers

The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors.


Joe Biden Announces $7 Billion in Solar Grants for Low-Income Households on Earth Day

Biden's $7B grants are set to create 200,000 jobs and save households $400 yearly on energy costs.

A24's 'Civil War' Maintains Top Spot at Box Office or Second Week Running, Defeats Newcomers

The dystopian thriller, directed by Alex Garland and starring Kirsten Dunst, brought in $11.1 million in ticket sales across 3,929 theaters in its second week.

Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States.


Latest News

Michigan's Bird Flu (H5N1) Outbreak Linked to Texas Dairy Cows, Affecting Poultry and Cattle Operations
According to the World Health Organization (WHO), the H5N1 bird flu virus strain has been found in raw milk from infected animals in significant amounts. However, it is still unclear how long the virus cans survive in milk.
In the Era of Shrinkflation, Cinemark Sued for Allegedly Swindling Customers by Shortchanging Them on Beverages
Cinemark is allegedly duping its customers by offering 24-ounce drink cups that can only hold a maximum of 22 ounces, according to a proposed class-action suit filed in a Texas federal court.
NETHERLANDS-TECHNOLOGY-INTERNET-SEMICONDUCTORS
The Dutch Finance Minister expressed confidence in ASML's commitment to remain in the Netherlands despite the company's previous threats.
Shipping Industry Calls on UN to Protect Vessels, Seafarers Following Iran's Seizure of MSC Aries Container Ship
The shipping industry is urging the United Nations (UN) to take decisive action to protect merchant vessels and seafarers amid escalating attacks in the Middle East.
Joe Biden Moves to Triple Tariffs on Chinese Steel and Aluminum to Protect US Industries Against China's Unfair Practices
President Joe Biden has proposed a tripling of the existing tariff rate on some steel and aluminum imports from China.
EU Slams Meta's 'Privacy for Cash' Model, Says SocMed Platforms Should Provide Free Option  Without Targeted Ads
EU privacy watchdog suggested that Meta platforms and other major online platforms should provide users with the choice to use their services for free, without the inclusion of targeted advertising.
Elon Musk's SpaceX Working With Northrop Grumman on Secret Spy Satellite Project for US Intelligence: Report
Elon Musk's SpaceX has reportedly partnered with Northrop Grumman on a secret spy satellite project.
Stability AI Cuts 10% of Its Workforce Following the Controversial Exit of Its CEO
Stability AI has initiated a round of layoffs following the departure of its CEO, Emad Mostaque. Artificial intelligence startup Stability AI has initiated a round of layoffs following the departure of its CEO, Emad Mostaque.
China Slams US Probe Targeting Beijing's Logistic, Maritime, and Shipbuilding Industry
A spokesperson for China's Ministry of Commerce (MOFCOM) said the US petition against its maritime, logistics, and shipbuilding sectors is full of baseless allegations that impede trade and investment.
Disneyland Cast Members Move One Step Closer to Unionizing as They File for Union Vote
Disneyland cast members who work in the shows, parades, and visitor meet-and-greets at the amusement park are getting closer to becoming a union.
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