Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years. Gore-Coty joined Uber as a general manager in France in 2012, and worked his…
Byron Allen puts broadcast TV stations up for sale
Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated…
Elon Musk’s Neuralink raises $650 million in fresh capital
Elon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday. ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and other firms participated in the round, according to a press release….
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal
E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare. The acquisition — E.l.f.’s biggest ever, according to FactSet…
Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming
Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings per share to be between $13.80 and $14.40 in fiscal…
23andMe to delist from Nasdaq, deregister with SEC
23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission, according to a release. The move comes after Regeneron Pharmaceuticals said earlier this month that it will acquire “substantially all”…
Walmart fined for shipping realistic toy guns to New York, violating state law
Walmart agreed to pay a small fine and promised to ensure its third-party resellers are unable to sell realistic looking toy guns to buyers in New York, after state Attorney General Letitia James said Tuesday that the retail giant’s online…
Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.
The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone. Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to…
Macy’s CEO says retailer will hike some prices as tariffs cut into profits
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s CEO said it will hike prices of certain items to offset tariffs. In a news release, the department store operator…
FTC drops Biden-era suit accusing Pepsi of price discrimination
The Federal Trade Commission voted to dismiss a lawsuit filed in the last days of the Biden administration that accused PepsiCo of offering sweetheart pricing to big retailers. FTC Chair Andrew Ferguson dissented to the suit when it was filed…
