The Weinstein Company lives to fight another day. An investor group reached a last-minute deal to buy its assets, just days after the company had filed for bankruptcy. The deal is worth $500 million, and leading the sale is President Obama's former head of the Small Business Administration, Maria Contreras Sweet. The sale had previously been held up after New York Attorney General Eric Schneiderman filed a civil suit against the Weinstein company.
REI is adding its name to the growing list of companies changing course because of the Parkland shooting.
The outdoor retailer is ending its relationship with Vista Outdoor. Vista owns a number of different brands that REI sells in its stores, such as Camelbak and Bell, but it also owns Savage Arms, a company that makes guns. After learning that Vista Outdoor would not make a statement about its gun policy, REI announced it would stop working with Vista.
Fox will finally air its "If I Did It" interview with OJ Simpson, more than a decade after taping it. The previously scrapped piece was taped in 2006 while Simpson was promoting a book detailing how he would have committed the murders of Nicole Brown Simpson and Ron Goldman. The Brown and Goldman families are now granting the network permission to air it, since Simpson won't profit off it in any way.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
CEO and founder of Pinstripes Dale Schwartz shares his thoughts on taking the company public, why they're set for growth this year, and why he's not concerned about inflation weighing on the restaurant sector.
With hype continuing to build for A.I. projects, expert insight on what companies seem poised to benefit, plus how it will impact the lives of everyday consumers.
Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth. The automaker said about 1,400 workers will be impacted by the move.
