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Categories Business

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

Author December 19, 2024

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to

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Categories Business

Grubhub to pay $25M to settle charges that it misled diners and drivers about costs and pay

Author December 18, 2024

Grubhub will pay $25 million to settle charges it misled customers about the cost of their delivery and drivers about how much

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Categories Business

Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

Author December 18, 2024

Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the

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Categories Business

Walmart employees are now wearing body cameras in some U.S. stores

Author December 18, 2024

Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC

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Categories Business

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

Author December 18, 2024

CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that

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Categories Business

Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

Author December 17, 2024

Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our

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Categories Business

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

Author December 17, 2024

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to

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Categories Business

Former Ozy Media head sentenced to nearly 10 years in prison

Author December 17, 2024

The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving

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Categories Business

From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

Author December 16, 2024

A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of

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Categories Business

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

Author December 16, 2024

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work

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