Entertainment
20th Century Fox & Netflix Continue Legal Battle Over ‘Poaching’ Employees
Twenty-First Century Fox (NASDAQ:FOX) subsidiary – Twentieth Century Fox Film Corporation, continues to fight in a legal battle with streaming giant Netflix (NASDAQ:NFLX). Fox has accused Netflix of “poaching” its employees. According to an article in ... [Read]
Retail
Mattel Inc. Will Close Its New York Office As Sales Drop
American toy maker Mattel Inc. will close its New York office, the company (NASDAQ:MAT) announced recently. As reported in an article by CNBC, the closure is part of the company’s $650 million USD cost savings plan and is ... [Read]
Consumer Packaged Goods
Tupperware Brands Revise Q1 Forecast Results
Popular Florida-based home products company Tupperware Brands (NYSE:TUP) recently released an updated forecast for its first quarter financial results. The new predictions include a decrease in Tupperware’s revenue by 2% from the previous year, which is ... [Read]
Consumer Packaged Goods
Leucadia National to Be Renamed – Shares Rise
Leucadia National Corporation (NYSE:LUK), released an announcement on the strategic transactions and notices that the company will be taking within the next year, which resulted in its shares rising. One important notice is that Leucadia ... [Read]
Retail
Nine West Holdings Files for Bankruptcy
Nine West Holdings Inc. (private) has officially filed for bankruptcy under Chapter 11 of the US Bankruptcy Code. The leading footwear, accessories, women’s apparel, and jeanswear company, who owns retailers such as Nine West, Bandolino, ... [Read]
Entertainment
AMC Snags First Theatre Operating License in Saudi Arabia After 35-Year Ban
US-based AMC Entertainment Holdings (NYSE:AMC) has become the first theatre operator in the world to obtain an operating license in Saudi Arabia, after a 35-year ban. Saudi Arabia’s Ministry of Culture and Information made the ... [Read]
Retail
Lululemon Athletica Stock Is Continuing to Rise
Shares of the Vancouver-based yoga and althetic apparel and accessories company Lululemon Athletica (Nasdaq:LULU) appear to be on the rise in today’s market. Shares went up by 3.43% on Thursday and closed at $91.27 USD ... [Read]
Retail
Under Armour Data Breach – Is It Affecting Stocks 1 Week On?
An Under Armour data breach affected 150 million users of its MyFitnessPal app. Shares of the fitness apparel company (NYSE:UAA) have been on a steady downward trend since the company announced a data breach on ... [Read]
Entertainment
Disney Offers to Buy Sky News As Murdoch Attempts Sky Takeover
US media giant Disney has made a surprise move by offering to buy Sky News as Rupert Murdoch hits regulatory walls with a Sky takeover. The offer comes after the Competition and Markets Authority (CMA) ... [Read]
Autos
Tesla Reaches Model 3 Production Target
Recently, Tesla, Inc. (Nasdaq:TSLA), put production of their Model S and Model X electric vehicles on hold to focus on increased production of the Tesla Model 3. The company has succeeded in reaching its target ... [Read]