
Unilever to Ditch Elida Beauty; Yellow Wood Confirmed Buyer of the Q-Tips Maker
Dec 19, 2023 10:04 am UTC| Business
Unilever plc, a world-renowned British fast-moving consumer goods company, sold its Elida Beauty brand. It boasts a sizeable product portfolio with over 20 beauty and personal care brands, including Caress and...

Nikola Founder Trevor Milton Sentenced to 4 Years in Prison for Fraud
Dec 19, 2023 09:55 am UTC| Business Law
Nikola founder Trevor Milton was sentenced on Monday to four years in prison for deceiving investors about the companys hydrogen and electric truck technology. This sentence is significantly shorter than the 11 years...

Adobe, Figma Toss Out $20B Agreement; Adobe to Pay $1B Breakup Fee After Scrapping the Merger Deal
Dec 19, 2023 09:51 am UTC| Business
Adobe Inc. and Figma Inc. have terminated their merger deal, which is valued at $20 billion. It was reported that the cancellation of the agreement was a mutual decision. Adobe and Figma said on Monday, Dec. 18, that...

Dec 19, 2023 09:44 am UTC| Business
Farfetch, the leading online luxury platform, recently faced tumultuous circumstances during a sluggish luxury market. Matters were exacerbated by MA setbacks and a burdensome cost of debt, pushing the platform to the...

Google Extends Stadia Controller Salvage Operation for an Additional Year
Dec 19, 2023 09:39 am UTC| Business Technology
In a bid to reduce electronic waste and repurpose the Stadia gaming platforms proprietary controllers, Google has extended its Stadia Controller salvage operation for an additional year. The operation, initially set to...

Masonite Door Maker Buys PGT Innovations for $3B
Dec 19, 2023 09:29 am UTC| Business
Masonite International, a well-known designer and manufacturer of interior and exterior doors for both residential and commercial, announced it has acquired PGT Innovations, the market leader for high-performance windows...

Amazon Reportedly in Talks to Invest in Bankrupt Diamond Sports Group
Dec 19, 2023 09:22 am UTC| Business Sports
Amazon is discussing an investment in Diamond Sports Group, a bankrupt company. If the deal comes to fruition, Amazons Prime Video service would serve as the official streaming platform for Diamonds games. The Wall...