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Gucci-Owner Kering Buys Stake in Valentino
The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed. Source link
Volkswagen Seeks to Reclaim China Crown in Deal With EV Maker
The German auto giant bought a stake in Chinese rival XPeng after praising the dynamism and innovation of local automakers. Source link
A Clothing Brand's Email Claimed to Be From a Neighbor Watching Recipients in Their Underwear. Some Customers Aren't Happy.
Athleisure brand Feat says it didn’t intend to cause “fear, anxiety and discomfort” to a “subset of customers.” Source link
Yellow in Talks to Sell Its Logistics Business
The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing. Source link
5 Ways That Buying a Car Has Drastically Changed
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Does Facebook Polarize Users? Meta Disagrees With Partners Over Research Conclusions
The company and researchers differ regarding how to interpret the findings from studies of the 2020 presidential election. Source link
Intel Returns to Profit as PC Rebound Lifts Chip Demand
The chip maker’s earnings surprise Wall Street after two consecutive quarters of record losses. Source link
Steve Wynn Agrees to Stay Out of Nevada's Gambling Industry
The former casino magnate has agreed to an effective ban from Nevada’s gambling industry in a settlement over his alleged sexual misconduct against former employees.
Sweltering Planes. Baking Runways. How This Heat Is Testing Summer Travel.
The high temperatures that have engulfed swaths of the U.S. in recent weeks are creating fresh challenges for airlines amid the hectic summer travel season.