Consumer products maker Newell Brands Inc. said it would sell its Rawlings Sporting Goods brand to Seidler Equity Partners for about $395 million, as part of a plan to raise about $10 billion through divestitures. Newell, which sells everything from Sharpie pens to Crock-Pot cookware, in May sold its plastics packaging unit Waddington Group for $2.3 billion. Major League Baseball will co-invest in the deal with Seidler.

The airline boss caused a firestorm Tuesday when he said Qatar Airways had to be run by a man because of the challenges the job involved. But later he said his initial comment had been a joke. Akbar Al Baker is the new chairman of the International Air Transport Association’s board of governors, one of the world’s biggest boys’ clubs.

Procter & Gamble Co. said it plans to stop selling products in Iran as a result of President Donald Trump pulling the U.S. out of an agreement to limit Tehran’s ability to develop nuclear weapons. The Cincinnati-based maker of consumer goods such as Head & Shoulders shampoo is among companies that reportedly have 180 days to stop doing business with Iran following Trump’s May 8 decision to withdraw from the nuclear accord.

Monsanto, often assailed for its impact on the earth and on human health, will shed its moniker after German giant Bayer officially acquires the company on Thursday. While health and agricultural firm Bayer had been considering axing the Monsanto brand for some time, the decision to abandon the name was made official Monday. Monsanto long has been a lightning rod for what critics say is its role in environmental degradation.

A surprising number of business travelers are happy to sacrifice safety for hotel loyalty and rewards incentives, according to research commissioned by Carlson Wagonlit Travel. Travelers in the United States are most likely to do so in the Americas region (47%), followed by Brazilians (41%) and travelers from Canada (34%). Nearly half (47%) of business travelers from the U.S. said they would choose points over personal safety.

J.Crew is under fire for an image depicting a young boy wearing a T-shirt with the slogan, “I am a feminist too.” The Instagram post was captioned, “Start ’em young.” It inspired over a thousand comments on the J.Crew Instagram account, with many taking issue that a child would wear such a seemingly politically charged choice of apparel. Some fans thought the young boy, by virtue of his age, was a poor choice for such a T-shirt, while others protested the entire concept, no matter the model’s age or gender.

Private-equity firm Kohlberg & Co. is buying Tyson Foods Inc.’s Sara Lee frozen bakery and Van’s waffle businesses, and plans to put former Sara Lee official C.J. Fraleigh in charge of the operations. The deal, expected to close in the fourth quarter, falls in line with Tyson’s plans to narrow its focus on its protein brands. The deal with Kohlberg includes a license to use the Sara Lee brand in certain channels.

Starbucks executive chairman and architect of its spectacular growth Howard Schultz is stepping down after 40 years with the company. He will be honored with the title of chairman emeritus, effective June 26. The news of his retirement sparked reports that Schultz is considering a run for political office. The company has appointed Myron E. “Mike” Ullman, former chairman and CEO of J.C. Penney, as its new chair of the board.

In August, 5-year-old Bandier is opening a massive 27,500-square-foot flagship in NoHo — about the size of a fitness center — that will not only sell its pricey duds from $68 crop tops to $98 sweatshirts and $108 yoga pants — but will also feature a fitness studio, a health-focused cafe and sneaker shopA second flagship will open simultaneously in Los Angeles.

With the Houston Rockets out of the playoffs, State Farm is switching gears with a spot that stars Draymond Green and Nick Young of the Golden State Warriors. In “The Sixth Sense,” Green and Young — preparing to face the Cleveland Cavaliers in the NBA Finals — get each other, and play a humorous quiz game (similar to the old “Newlywed Game”) where they try to correctly answer questions about the other person.