Teens are finding other ways to express their identities than by wearing designer logos - a fact that has finally hit home at Abercrombie & Fitch and its sister brand, Hollister, by way of drastically declining sales over the past few years.
In what is being seen as a victory for workers - and sympathetic shoppers - clerks soon will be restocking the bare shelves of the 71 supermarkets owned and operated by the Market Basket chain in New Hampshire, Massachusetts and Maine. A deal for a sale was struck late yesterday to settle a dispute among warring factions of the extended family that owns the company and to reinstate the deposed CEO - Arthur T. Demoulas - whose side held a 49.5% stake.
E-cigarette marketing came under a firestorm of criticism by the World Health Organization yesterday in a report on "Electronic Nicotine Delivery Systems" (ENDS) that calls for banning their use indoors, curtailing advertisements that could encourage children and non-smokers to use the devices, prohibiting fruit, candy and alcoholic-drink style flavors and restricting their sale in vending machines, as BBC News' Smitha Mundasad reports.
While the television industry celebrated itself last night on broadcast television with host Seth Meyers remarking on the irony of the Emmy's honoring so many shows from cable and Netflix, Amazon had just concluded a deal to acquire a three-year-old service called Twitch that is the leading service in a phenomena that is drawing even larger audiences than the hottest TV shows: people watching other people play video games.
In what would become the world's third-largest quick-service restaurant company - and the largest with headquarters in tax-friendly Canada - Miami-based Burger King is talking merger with Oakville, Ontario-based Tim Hortons, which has more than 3,000 outlets in Canada and more than 600 in the U.S. "specializing in always fresh coffee, baked goods and homestyle lunches."
With T-Mobile firing back to a Sprint salvo earlier in the day, the No. 4 and No. 3 mobile carriers have now declared "unlimited" war on each other just weeks after their long-simmering plans to merge fell apart.
Bellur Krishnamachar Sundararaja Iyengar, who is widely credited as a main force in popularizing the practice of yoga in the West, died in Pune in his native India yesterday of kidney and heart failure at 95.
With the taxi industry set up as "the incumbent candidate," former Obama campaign architect and presidential adviser David Plouffe yesterday joined the four-year-old riding-sharing app company Uber as senior vice president of policy and strategy. Starting in late September, he will oversee all political activities, communications and branding efforts at the San Francisco-based start-up he asserted "has the chance to be a once-in-a-decade, if not a once-in-a generation company."
Dollar General yesterday threw an all-cash bid in the ring to acquire Family Dollar Stores that is $4-a-share higher that the $74.50-a-share offer from Dollar Tree that Family Dollar accepted three weeks ago. Anticipating a bidding war to erupt for the retail turf serving the working-poor market, traders sent Family Dollar stock to a close of $79.71 yesterday.
It's the sort of junket you might imagine a politician-turning-senior-statesman might take: drop in on the editors of The New Yorker and pose with a couple of well-maned editors, read the weather on a Fox affiliate in Los Angeles, do a meet-and-greet with Ryan Seacrest on his populist radio show and, eventually, spill the beans as to what's going on in a piece in the New York Times. It's yet another comeback for Lassie, who first made a splash on the silver screen in "Lassie, Come Home" (1943) and was one of the first TV stars.