Stefan Larsson - widely lauded for the recent turn around at Old Navy - has been named CEO of the struggling Ralph Lauren Corp. Its 76-year-old founder will stay on board as executive chairman and chief creative officer and Larsson will report to him.
Keurig Green Mountain held a media event in Manhattan yesterday for its Kold single-serve, pod-based home brewing systems, which goes on sale online today and at select retailers in Atlanta, Boston, Chicago, Dallas, Los Angeles and New York in October.
It was the best of times for Nike sponsorships yesterday, despite a potentially disastrous flap over a pair of malfunctioning running shoes.
Virtual Reality is about to become Mainstream Reality, judging by the array of products and content - and a lot of hype - previewed at the Oculus Connect 2 developer conference in Hollywood, Calif., yesterday.
IBM says that Watson, its artificial-intelligence technology, will be setting up a second home in San Francisco early next year to be close to the innovators, startups and "disruptors" who are changing the face of business as we knew it. It opened an office in New York's Silicon Alley with similar fanfare in January 2014.
Buckling under social media rage - and the glare of politicians who saw him as the perfect poster boy to represent price gouging in the pharmaceutical industry - Turing Pharmaceuticals CEO Martin Shkreli says he will roll back the price of Daraprim, which he had raised from $13.50 to $750 per pill because ... well, because he thought he could.
Apple has assembled a 600-person team and set 2019 as the "ambitious" target ship date for its electric car project - code- named Titan, as you already know - the "Wall Street Journal" is reporting, igniting a flurry of follow-up stories that both pick apart and amplify what is pretty much still a mystery project.
As its CEO apologized for breaking its trust with its customers and the public, Volkswagen yesterday stopped selling cars in the U.S. with diesel motors that have a "defeat device" that enables them to pass emissions tests but spew nitrogen oxides at up to 40 times the standard under normal driving conditions.
Amazon yesterday introduced six new Fire devices with all sorts of come-ons and add-ons designed to entice everybody from 3 year olds to gamers into the Prime entertainment ecosystem.
If Anheuser-Busch InBev succeeds in a friendly takeover of SABMiller - first making an offer its shareholders can't refuse and then withstanding antitrust scrutiny in several markets, particularly the U.S. and China - it will serve up about a third of all suds globally, broaden the global distribution for the King of Beers to emerging regions and become a brewing juggernaut worth $245 billion at current valuations. But it will also continue to face defection from consumers whose preferences are becoming more local, diverse and finicky.