Ford yesterday not only revealed that its year-over-year sales had declined 9% in Q2 2016, it also sent a chill through both Wall St. and Main St. by suggesting that the good economic times are in the exit lane due, in part, to Brexit.
Whole Foods is not only facing an uphill battle in its quixotic quest to trademark itself as the "World's Healthiest Grocery Store," it has a lot more local competitors to deal with who are offering highly competitive prices for organic and natural products.
What's happening to lunch? First the Four Seasons closes; then McDonald's becomes the latest restaurant chain to report disappointing sales in its latest quarter.
Sprint CEO Marcelo Claure hit five bars with investors yesterday. The company's stock closed up 28% after a Q1 earnings presentation and conference call revealed a fourth-straight quarter of postpaid net subscriber gains - 173,000 - and a vague intent to raise prices in the not-too-distant future.
G-III Apparel Group is buying Donna Karan International, the parent of Donna Karan and DKNY, from Paris-based LVMH Moet Hennessy Louis Vuitton for $650 million in a deal announced early this morning that returns the brands to their financial roots in New York City.
Starbucks saw sales increase by less than 5% for the first time after 25 successive quarters of hitting that target but CEO Howard Schultz offered both external and internal reasons for the stall in what he proclaimed to be "an anomaly."
They were raising glasses of America beer and Corona Extra lager in Leuven, Belgium, and London, England, yesterday after Anheuser-Busch InBev and SABMiller got a thumbs-up for their proposed $108 billion merger from the U.S. Department of Justice. As its has proposed from the get-go, SAB Miller agreed to sell its entire U.S. business - which includes Miller High Life and Miller Lite - to Molson Coors in order to complete the largest consumer-products deal ever.
Unilever is acquiring Dollar Shave Club, which will continue to operate as an independent - and presumably irreverent - company under founder and CEO Michael Dubin.
A more than 1,000-page draft report issued by federal regulators yesterday finds that automakers are falling short of reaching the fleet-wide average of 54.5 miles per gallon by 2025 specified as a target by the Obama Administration in 2012, and they're blaming it on the customer.
The nearly four-year battle between activist investor William Ackman and nutrition supplements company Herbalife came to a climax Friday when the Federal Trade Commission announced a $200 million settlement with the company, which also agreed to "fundamentally restructure" its compensation program so that "participants are rewarded for what they sell, not how many people they recruit."