The U.S. Federal Trade Commission took legal action on Monday to prevent the acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. This move by regulators has put a temporary halt to a deal that would join two significant names in American luxury retail and consolidate six fashion brands under one company.
Business
The recent overwhelming vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers (UAW) marks a significant milestone for the union. With 73% of the vote in support of the union, this successful organizing drive stands out as the first of its kind outside of Detroit’s Big Three automakers. The National Labor
Lululemon, the popular athletic apparel retailer, has made the decision to close its distribution center in Sumner, Washington, and lay off 128 employees. This move comes after the company opened a new massive warehouse outside of Los Angeles. The closure is part of Lululemon’s growth strategy, which includes evaluating its distribution network to meet the
Netflix has announced a major change in its financial reporting strategy, stating that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the company reported earnings that exceeded expectations on both the top and bottom lines. While total memberships rose by 16% in the
Despite recent safety issues that have plagued the aviation industry, airline executives are reporting a continued strong demand for flights. United Airlines, along with other major carriers, are anticipating record numbers of travelers this summer. This trend is evident in the record-breaking sales days that have been observed this year. The aviation industry has faced
Republican governors from six states in the US have recently taken a stand against the United Auto Workers’ (UAW) efforts to organize automotive factories in the South. The governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas have jointly condemned the union’s push, citing concerns about potential layoffs and decreased future investments. This statement
Boeing has recently come under scrutiny following allegations made by one of its engineers, Sam Salehpour, regarding the quality and safety of its 787 Dreamliner and 777 aircraft. Salehpour claimed that Boeing took “shortcuts” in production that could potentially compromise the safety and lifespans of the planes. These accusations have raised concerns about Boeing’s safety
When it comes to electric vehicle (EV) adoption in the United States, Hawaii is often overlooked as a leader in this transition. Despite its small size and remote location, Hawaii has emerged as a frontrunner in the shift towards all-electric vehicles, with 11.9% of new retail vehicles sold through February being EVs. This places Hawaii
The shocking revelation that former translator Ippei Mizuhara allegedly stole more than $16 million from baseball star Shohei Ohtani has sent ripples through the sports world. The U.S. attorney’s office announced the criminal complaint against Mizuhara, accusing him of bank fraud. This revelation not only tarnishes Mizuhara’s reputation but also raises questions about the security
Ford Motor’s decision to lower the starting prices of some all-electric F-150 Lightning pickup trucks comes as a surprise to many. The automaker faced quality issues that led to a halt in shipments in early February. However, the company is now preparing to resume shipping these vehicles later this month at reduced prices. The models
Auto insurance costs have been steadily increasing, leading to inflation accelerating at a faster rate than expected. In March, consumer price index data revealed a monthly rise of 2.7% and a year-over-year increase of 22.2% in car insurance prices. This increase has been attributed to various factors, including the high prices for new and used
Toyota Motor has recently unveiled the new 2025 4Runner SUV, marking the first redesign of this iconic vehicle in nearly 15 years. The new model showcases a fresh and modern look, drawing inspiration from the recently redesigned Toyota Tacoma pickup. In addition to its updated appearance, the 2025 4Runner will also be available with a
General Motors’ Cruise self-driving vehicle unit is set to make a comeback on U.S. roadways after a temporary halt in operations. The relaunch is scheduled to start with a small fleet of human-driven vehicles in Phoenix. This move comes in the wake of a previous accident that involved a pedestrian in San Francisco being struck
Spirit Airlines recently announced that it will be deferring deliveries of new Airbus planes and implementing pilot furloughs as part of its strategy to improve liquidity. The CEO, Ted Christie, emphasized the necessity of these steps for ensuring a strong and profitable future for the airline. By deferring all Airbus planes scheduled for delivery between