The Latest Breaking News from Wikimedia Commons

Nike Yet To Renew Franchise Agreements In Russia: Report

Nike Inc (NYSE:NKE) has not renewed agreements with its largest franchisee in Russia, Reuters reported, quoting Vedomosti daily newspaper. The U.S. sportswear maker suspended its Russia operations temporarily in March due to Russia's invasion of Ukraine. The head of Inventive Retail Group (IRG), which operates Nike-branded stores in Russia, reportedly said Nike…

Benzinga · May 25, 2022

Starbucks Divests This Cold-Pressed Juice Brand - What's The Focus Now

Bolthouse Farms has signed a definitive agreement to acquire the Evolution Fresh brand and business from Starbucks Corp (NASDAQ:SBUX) for an undisclosed amount. Evolution Fresh is a producer of primarily organic, cold-pressed, premium juice products. Bolthouse Farms, a portfolio company of private equity firm Butterfly, aligns powerhouse juice brands to propel Evolution Fresh forward.…

Benzinga · May 25, 2022

Stellantis, Samsung SDI To Build EV Battery Manufacturing Facility - Read More For Details

Stellantis NV (NYSE:STLA) and Samsung SDI have signed a binding, definitive agreement to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. The joint venture will invest more than $2.5 billion (€2.3 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9…

Benzinga · May 24, 2022

When the rain stops, the trouble begins

Drought is driving an unlikely pest out of the desert — and Charlotte's community is in the firing line.

ABC News · May 21, 2022

Will France get closer to the Quad to counter Chinese threat in the Pacific?

China is holding military exercises in the disputed South China Sea coinciding with US President Joe Biden’s visits to South Korea and Japan.

Radio France Internationale · May 20, 2022

Harley-Davidson Suspends Motorcycle Production, Shipping For Two Weeks

Harley-Davidson Inc (NYSE:HOG) said it has suspended all vehicle assembly and shipments, excluding its electric motorbike, LiveWire, for a two-week period. The motorbike maker has taken the decision in caution of a regulatory compliance matter relating to a supplier's component part. Related: Harley-Davidson Clocks 5% Revenue Growth In Q1; Margin Shrinks Due To Supply…

Benzinga · May 20, 2022

Here's How Microsoft Addressed Complaints From Smaller European Cloud Companies

Microsoft Corp's (NASDAQ:MSFT) pitch to Brussels directly addressed competition worries with a clear geopolitical purpose prompted by recent complaints from smaller European cloud companies, the Financial Times reports.  Microsoft laid out a series of "principles" that it would follow out of respect for Europe's concerns.  Any customer who has paid to license…

Benzinga · May 20, 2022

Deckers Outdoor Shares Jump After Solid Q4 Results

Deckers Outdoor Corp (NYSE:DECK) reported fourth-quarter net sales growth of 31.2% year-over-year to $736 million, +31.7% on a constant currency basis, beating the consensus of $639.20 million. Wholesale net sales increased 37.6% Y/Y to $448.8 million, and Direct-to-Consumer increased 22.2% Y/Y to $287.2 million. Comparable DTC net sales increased 19.3% Y/Y. Sales…

Benzinga · May 19, 2022

Why Grab Shares Are Soaring Today

Grab Holdings Limited (NASDAQ:GRAB) reported first-quarter FY22 revenue growth of 6% year-on-year to $228 million. Mobility segment acceleration and strong core food and groceries growth drove the growth as it expanded its merchant selection and contributions from Jaya Grocer. Revenue for Deliveries rose 70% Y/Y to $91 million, driven by continued growth in…

Benzinga · May 19, 2022

McDonald's Exits Russia - Read The Latest Update

McDonald's Corp (NYSE:MCD) has entered into a sale and purchase agreement with its existing licensee Alexander Govor to sell its Russian business. The financial terms were not disclosed. Under this agreement, Govor will acquire McDonald's restaurant portfolio and operate the restaurants under a new brand. Govor has served as a McDonald's licensee since…

Benzinga · May 19, 2022