The case of Michelle Mack, a California woman accused of leading a nationwide organized retail crime operation, has garnered national attention. Mack and her husband, Kenneth, were recently sentenced to more than five years in prison for their involvement in stealing millions of dollars worth of merchandise from major retailers such as Ulta Beauty and
Business
Penn Entertainment has recently announced plans to lay off approximately 100 employees in order to focus on growth for ESPN Bet. This decision was communicated by CEO Jay Snowden in an internal email to staff members. The move is aimed at enhancing operational efficiencies following the company’s acquisition of theScore, a Canadian media and gaming
Ford Motor recently announced a major shift in its production plans, opting to expand the production of its large Super Duty trucks at a Canadian plant that was initially earmarked for conversion into an all-electric vehicle hub. This decision involves a significant investment of approximately $3 billion, with $2.3 billion allocated to the Oakville Assembly
General Motors has announced that the Cadillac Escalade V-Series performance model will see an increase in production for the 2025 model year. The SUV will come equipped with a standard 55-inch diagonal display across the dash, a passenger-only screen, an “executive package” for the second row, power doors, and large 24-inch wheels. These updates aim
New Balance announced a new multiyear deal with the WNBA, signaling its commitment to women’s sports. This partnership will make New Balance an official partner of the WNBA, adding to a growing list of backers for the league. The deal includes broadcast, digital, and retail content featuring Los Angeles Sparks rookie forward Cameron Brink. This
Morgan Stanley has reported impressive second-quarter financial results, surpassing analysts’ expectations in both profit and revenue. The company reported earnings of $1.82 per share, exceeding the $1.65 per share estimate, and revenue of $15.02 billion, well above the $14.3 billion estimate. This significant outperformance can be attributed to the robust trading and investment banking results
General Motors’ ambitious goal of producing 1 million all-electric vehicles in North America by the end of 2025 is now facing uncertainty, as CEO Mary Barra recently indicated. The company’s original plan to establish a significant production capacity for EVs in both China and North America by 2025 may not be realized as originally envisioned.
Macy’s has officially announced the cessation of negotiations with the activist group that had been attempting to take the retailer private for approximately $6.9 billion. The decision was made unanimously by Macy’s board of directors, citing issues related to financing and premium as insurmountable obstacles. The lead independent director of Macy’s, Paul Varga, expressed the
SpaceX’s Falcon 9 rocket recently experienced an inflight failure during the “Starlink Group 9-3” mission, resulting in the destruction of the upper second stage. According to SpaceX CEO Elon Musk, the failure occurred when the engine failed to reignite as planned, leading to a “rapid unscheduled disassembly” (RUD). The incident was attributed to a leak
Audi, a Volkswagen-owned company, has recently announced a multiyear partnership with Inter Miami CF, becoming the official premium automotive partner of the South Florida soccer club. This move is part of Audi’s strategy to engage with a rapidly expanding soccer fan base in the United States. Emilie Cotter, Chief Marketing Officer of Audi of America,