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.
Bambu Ventures's Kyle Pretsch dives into Lemonaid’s $10M buyout, down from 23andMe’s $400M price tag, and what’s next after Chrome Co.’s dramatic pivot.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
Grove Collaborative’s CEO shares how the company is reinventing everyday goods with sustainability at the core and working toward a plastic-free future.
Atlanta Mayor Andre Dickens shares plans for affordable housing, community-led growth, and why private and public grocery stores could be key to food equity.
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
Tom’s Guide Editor-in-Chief Mark Spoonauer breaks down Apple & Amazon's latest product drops—what's hot, what's hype, and what really matters for users.
