Dick's Sporting Goods announced it will stop selling assault-style weapons in its stores. The sports retailers will also no longer sell guns to anyone under the age of 21. This announcement comes exactly two weeks after the Parkland school shooting in Florida. In a statement, Dick's CEO Ed Stack called on lawmakers to pass "common sense gun reform." Critics were quick to note that Dick's Sporting Goods pledged to stop selling guns in 2012 following the Sandy Hook school shooting, but later started selling them again. Stack says this time it will be a permanent change.
Amazon is buying doorbell company Ring in a deal reportedly worth $1.1 billion. It's the company's second-largest acquisition, just behind Whole Foods. Ring doorbells have built-in cameras that allow users to see who's at the door remotely. Many speculate this is part of Amazon's push into home security and surveillance products. Last year, the e-commerce giant launched Amazon Key and a new smart cloud camera.
This week, Dunkin' Donuts rolled out a new partnership with the Girl Scouts. For a limited time, customers will be able to order coffee inspired by their favorite Girl Scout cookies. The three new flavors are thin mints, coconut caramel, and peanut buter cookie. Dunkin' Donuts chief marketing officer Tony Weisman told Cheddar he hopes this partnership will inspire young female entrepreneurs. Weisman also talked about the company's new modernized store location, simply called Dunkin'. The new store in Quincy, Massachusetts is one of 30 new Dunkin' locations planned nationwide. The stores will focus on using new technology, including showcasing the company's first drive-thru exclusively for mobile orders.
Plus, iconic choreographer and creative director Laurieann Gibson joins us to talk about her new Lifetime docu-series "Laurieann Gibson: Beyond the Spotlight." Gibson, who has collaborated with famous performers such as Beyonce, Michael Jackson, and Lady Gaga, is giving audiences a sneak peek at the process behind the art. She says people often don't know how much work goes into creating a performance, and she hopes this show will change that. Gibson also talks about her close relationship with Sean "Puffy" Combs. Gibson and Combs have worked together on a number of projects over the years. The show premieres this Friday, March 2 at 10 pm ET on Lifetime.
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Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
