UPS to buy $1.5 billion of Boeing freighters as air cargo booms
United Parcel Service has agreed to buy 19 Boeing freighter jets as soaring e-commerce and snarled shipping lines lead to a boom in air-cargo demand.
Adidas sells Reebok to Authentic Brands in $2.5 billion deal
Adidas is selling its Reebok business to Authentic Brands for up to $2.5 billion, adding another well-known name to the buyer’s growing lineup. Authentic Brands...
Starbucks, Amazon join call for Congress to protect voting rights
Starbucks and Amazon have joined Business for Voting Rights, a coalition of companies calling on Congress to amend the Voting Rights Act to ensure safeguards...
Amazon's Jeff Bezos will rocket into space on 'the greatest adventure, with my best friend' WATCH
Jeff Bezos said he will go to space when his company, Blue Origin, launches its first passenger-carrying mission next month. The billionaire, who plans to...
CDC’s U-turn on masks puts businesses in ‘damned if you do’ (or don’t) bind
Companies are rushing to assess their mask policies after a sudden announcement by U.S. officials put newly relaxed federal guidelines in conflict with the rules...
Nike’s executive saga exposes uneasy relationship with resellers
The potential for conflicts of interest between sneaker makers and resellers spilled out into the open after Nike announced the immediate departure of vice president...
Aunt Jemima to Get New Name as PepsiCo Concedes ‘Racial Stereotype’
(Bloomberg) -- The Aunt Jemima brand will be phased out -- and Uncle Ben's and Mrs. Butterworth's could follow suit -- as nationwide protests prompt...
Starbucks sees $3.2 billion coronavirus hit, expands new ‘pickup’ cafe format
The Seattle-based company said Wednesday it expects to report an adjusted loss of 55 to 70 cents a share when it next releases earnings.