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Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints
The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for artificial-intelligence services.
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Yelp Doubles Down on Home Services as Restaurant Advertising Cools
The review site is planning to spend $40 million this year to grow its business with local-services companies such as…
Canada Orders Binding Arbitration to Resolve WestJet Labor Dispute
Canada’s Labor Minister ordered WestJet Airlines and the union representing the carrier’s maintenance engineers enter into binding arbitration on a…
Founder of The Fresh Faces Project, Calynn Lawrence, Pledges Donation at Its Final Award Ceremony to the ECD Global Alliance, Celebrating Her Mom’s Survival
The Fresh Faces Project is a world record breaking nonprofit initiative founded by Calynn M. Lawrence, an entrepreneur, media personality…
Walgreens Plans Major U.S. Store Closures; Shares Tumble
Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered…
How Nike Missed the Boom in Running Culture
Runners say the sneaker giant has stepped back from the community, opening the door for Hoka, New Balance and others.
Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm
The deal, which is valued at $6.65 a share, is a 28% premium from Infinera’s stock price at the close…
Novo Nordisk Announces $4.1 Billion Investment in New Manufacturing Facility in Clayton, N.C.
Novo Nordisk to Invest $4.1 Billion in Expanding Manufacturing Facility in Clayton, N.C.
Novo Nordisk's Wegovy Weight-Loss Drug Gets Approval in China
Blockbuster obesity drug Wegovy has been approved in China, opening the door for maker Novo Nordisk to begin selling it…