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Category Archives: Uncategorized

Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion

The deal would create an American fashion giant that brings Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo and Michael Kors under one house.

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Retailers say organized theft is biting into profits, but internal issues may really be to blame

Target and Foot Locker may be using organized retail theft as a convenient excuse to cloak internal flaws, as others focus on internal theft and […]

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Insurers face long road, high cost to cover obesity drugs after promising Wegovy heart-health data

There is likely a long way to go before the U.S. sees increased insurance coverage of obesity drugs, but Novo Nordisk’s new data is a […]

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2025 Cadillac Escalade IQ, GM’s new all-electric SUV, starts at $130,000. Here’s a first look

The 2025 Cadillac Escalade IQ is a new all-electric SUV with more power than the current supercharged V-8 model and an estimated range of 450 […]

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These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third

The Moody’s downgrade of 10 banks this week and warnings that more could be coming reignited concerns over U.S. regional banks.

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Growing talent gap in U.S. chip space emerges as makers spend billions

Taiwan Semiconductor Manufacturing Company said it had to delay production at its $40 billion Arizona plant due to a lack of workers in the U.S.

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Viasat revenue grows as investigation continues into malfunctioning $750 million satellite

Viasat reportedly quarterly results on Wednesday as the company continues to investigate its recent satellite malfunction.

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UPS CEO says drivers will average $170,000 in pay and benefits at end of 5-year deal

UPS and the Teamsters Union reached a tentative agreement late last month, averting a strike.

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Companies say organized retail crime is on the rise, but there’s no data to prove it

Retailers from Target to Dollar General and Foot Locker say theft is cutting into their profits, but their claims are almost impossible to verify.

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Disney posts mixed results for quarter plagued by streaming woes, restructuring costs

Subscriber losses continued over the last three months, with the company reporting 146.1 million Disney+ subscribers, a 7.4% decline.

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