The Honest Company, the healthy lifestyle brand started by actress Jessica Alba and serial entrepreneur Brian Lee in 2011, named Nick Vlahos, Clorox EVP and COO, as its CEO yesterday. He succeeds Lee, who also co-founded LegalZoom and ShoeDazzle. He remains on the board and will advise the company.
Your first reaction to the concept of lab-grown chicken and duck may be "yuck," but read on. It's coming. And it will not only be good for the environment - and individual members of the species themselves - it also tastes ... well, good enough to eat again, at least at this point.
You know there's serious trouble when a headline tails off with "... as business shrivels." That's how "Fortune" characterized the state of affairs at Neiman Marcus yesterday in following up on a "Wall Street Journal" report that Hudson's Bay Co., owner of Saks Fifth Avenue and Lord & Taylor, was in talks to purchase the Dallas-based retailer's 42-location - and online - operation.
Intel signaled that it was moving into the passing lane of the Autonomous Driving 500 yesterday in announcing its definitive agreement to acquire the Israeli technology firm Mobileye for $15.3 billion. It estimates the vehicle systems, data and services market will be worth about $70 billion by 2030.
"Kong: Skull Island" surprised both critics and analysts over the weekend, taking in an estimated $61 million at box offices in the U.S. and Canada and $81.6 million internationally and besting the Wolverine flick "Logan," starring Hugh Jackman, which was in its second week.
Even as Airbnb told the SEC it has raised another $1 billion in funding yesterday -- bringing its total worth to northwards of $31 billion and pushing any IPO plans it may be considering further into the future -- the lodging industry released a study charging the self-described "trusted community marketplace" with running "illegal hotels."
Apple, Google, Microsoft and Samsung and industry analysts scrambled yesterday to assure consumers that Big Brother and Sister were not listening in on their dinner plans - particularly if they've updated their devices with the latest operating system updates - in the wake of WikiLeaks' release of confidential CIA documents it has dubbed Vault 7.
#BeBoldForChange is the theme of today's International Women's Day and a little bronze girl who has been staring down the Wall Street bull since early Tuesday morning is not only all-too emblematic of the ongoing battle for equality but also, Heather Schwedel writes for "Slate," "(groan) part of an ad campaign from investment management company State Street Global Investors and the advertising firm McCann."
IBM and Salesforce yesterday announced a global strategic partnership that will combine Watson's AI capabilities in business with Einstein's AI forte in CRM. The two entities "will seamlessly connect to enable an entirely new level of intelligent customer engagement across sales, service, marketing, commerce and more," according to a joint release presumably composed by a homo sapiens or two.
After a bit of haggling, the deal is done: PSA Group, the French parent of Peugeot, will pay a total of $2.3 billion for General Motors' German-based Opel operation and its sister brand, Vauxhall, which is based in the U.K. The deal, which is subject to regulatory approvals, is expected to close by the end of 2017, according to the release announcing the transaction this morning.