Dick's Sporting Goods will stop selling assault-style weapons in its stores, effective immediately. The sports retailers also will not sell guns to anyone under the age of 21, regardless of local laws. The announcement came from Dick's CEO Ed Stack on Wednesday morning, exactly two weeks after the Parkland school shooting. He said even though the company supports the Second Amendment, they "don't want to be a part of this story."
Amazon is buying video doorbell company Ring in a deal worth $1 billion. That would make this acquisition the second largest ever in Amazon's history, right behind Whole Foods. The e-commerce giant is working on a plan that would allow people delivering Amazon packages entrance inside of an individual's home.
Get ready for "The Fresh Princess of Bel Air." TMZ reports the company that owns the rights to Will Smith's hit 90's sitcom is in advanced talks to reboot the beloved show with a woman in the lead role.
Raina Moskowitz, CEO of The Knot Worldwide, unpacks the 2025 Global Wedding Report, from Gen Z trends to how Taylor Swift's wedding could reshape the industry.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
