
VF Corporation Adds Former DKNY Exec to Board of Directors
Feb 14, 2024 09:14 am UTC| Business
VF Corporation revealed it has appointed the former executive of DKNY, Caroline Brown, to its board of directors. Observers said that she was included due to pressure from activist shareholder, Engaged Capital. As per...

Campbell Soup Company, Sovos Brands Expect to Close Acquisition Deal Soon
Feb 14, 2024 09:06 am UTC| Business
The Campbell Soup Company has gotten closer to sealing its acquisition deal with Sovos Brands Inc. after finally obtaining a compliance certification from the United States Federal Trade Commission (FTC). With this...

Mexican Regulator Identifies Potential Threat by Amazon, Mercado Libre in E-commerce Market
Feb 14, 2024 09:02 am UTC| Business
Mexican antitrust regulator Cofece has highlighted possible barriers to competition in the e-commerce market, with Amazon and Mercado Libre collectively controlling over 85% of transactions and sales. Cofeces preliminary...

Instacart Reveals Job Cuts Under Restructuring Scheme, COO to Leave
Feb 14, 2024 08:50 am UTC| Business
Maplebear Inc., which does business as Instacart, announced a new round of layoffs as part of its restructuring. The company will reduce its workforce by seven percent, which will result in the termination of around 250...

New Balance to Provide Official Uniforms for Repco Supercars Championship
Feb 14, 2024 08:49 am UTC| Business
Supercars, a leading motorsport organization, has recently unveiled a groundbreaking partnership with sportswear giant New Balance. This exciting collaboration will see New Balance become the official uniform supplier for...

Nvidia's Market Cap Surpasses Amazon, Threatening Alphabet's Position
Feb 14, 2024 08:44 am UTC| Business Technology
On Tuesday, Nvidia was on the verge of overtaking Alphabet as Wall Streets third most valuable company. The dominant AI chipmaker ended the day with a market capitalization above Amazons for the first time in two...

Nintendo Ceases Repair Service for Older Handheld Systems 2DS, New 3DS, and New 3DS LL
Feb 14, 2024 08:30 am UTC| Business Technology
Nintendo of Japan revealed that it will no longer offer repair services for the Nintendo 2DS, New Nintendo 3DS, and New Nintendo 3DS LL. The company, known for its exceptional customer service, has decided to discontinue...