Although CEO Richard Smith won't get a bonus for this year, he is eligible to get at least $18 million in pension benefits. His departure could have happened more quickly. Wells Fargo dispatched its former CEO last year, one month after its scandal broke. Target's former CEO held on for four months before leaving in May 2014 in the wake of a major data breach at the retailer in late 2013.
Papa John's, which has been an official partner with the Dallas Cowboys since 2004, is in the fourth year of its Cowboys20 pizza deal. When the Cowboys score 20 or more points in a game, diners get 50% off their regular price menu order the next day at PapaJohns.com with promo code COWBOYS20. The restaurateur says it has created "an unforgettable new hip-hop anthem that will have crowds cheering 'Cowboys20' all season long."
Dyson, the engineering company best known for its vacuum cleaners and fans, plans to develop a "radical" electric car. The battery-powered vehicle is due to be launched in 2020. Dyson says 400 staff have been working on the secret project for the past two years at its headquarters. However, the car does not yet exist, with no prototype built, and a factory site is yet to be chosen. Sir James declined to give further details of the project.
Google purchased "a team of HTC talent" from HTC's Pixel phone division, which will now move to and work in-house at Google helping design mobile phones. The HTC unit developed the Google Pixel and Pixel XL smartphones for the search giant. Rick Osterloh, Google's senior vice president of hardware, made the announcement in a blog post, which reported the deal also includes a non-exclusive license for HTC intellectual property.
Workplace - Facebook's answer to Slack - has landed a behemoth of a customer. Walmart is rolling out Workplace in stages, starting with associates and teams at Sam's Club and other parts of the operation. The move speaks to how Walmart continues to step up its tech game as it feels the pinch of competition from Amazon, an e-commerce giant that is very quickly moving into Walmart's brick-and-mortar territory.
The Los Angeles Lakers and Miami Heat became the 15th and 16th teams in the NBA to sign jersey-patch ad deals beginning with the 2017-18 season. The Lakers signed with e-commerce firm Wish, a three-year deal that industry analysts put at $12-$14 million annually. The Heat aligned with Ultimate Software, based in Weston, Fla. The Lakers deal is at the high end of the alliances named to date, trailing only the Golden State Warriors.
Toys "R" Us isn't going anywhere, at least not if the makers of Barbie and Transformers have their way. The toy chain, hobbled by more than $5 billion in debt, filed for bankruptcy-court protection. Yet, the company, which operates about 1,600 stores globally, will likely survive because manufacturers such as Mattel, Hasbro and closely held MGA Entertainment Inc. need the last remaining toy chain.
Nest, the struggling high-tech hardware company owned by Alphabet, unveiled a lineup of new devices: an Internet-connected outdoor camera, a video doorbell and a security system that the company says can be installed by consumers in under 30 minutes. The Palo Alto company has faced pressure to unveil new products, not just iterations of its existing devices, and some analysts said Nest was doing just that.
Walmart is piloting a service that will not only deliver groceries to a customer's front door, but have the driver carry them inside and load perishables right into the refrigerator. The retailer announced the trial in a blog post last week, noting that it's being done in partnership with August Home, which makes the keyless locks that can be controlled with a smartphone that are crucial to the service.
Fewer international travelers came to the U.S. during the first few months of this year compared to the same period last year. The question of whether the results prove a ripple effect from President Trump's proposed travel ban on visitors from six majority-Muslim countries, an expanded wall along the Mexican border and anti-immigrant statements remains unanswered. But the data tracks with a decline in U.S. favorability abroad.