Less than five years ago, Jamie Siminoff couldn't get the panelists on ABC's "Shark Tank" to bite on his terms for 10% of his start-up for a $700,000 investment. Yesterday, the Ring founder sold the video doorbot to Amazon for a reported $1 billion plus.
In an effort that it tweets "celebrates progress in Women's Rights," Johnnie Walker yesterday broke the seal of silence on a new limited edition Scotch in the U.S. that it's calling Jane Walker.
Citigroup admitted Friday that it had overcharged interest rates on 1.75 million credit card accounts from 2011 to 2017 and promised to refund an average $190 per customer in a payback that will total about $335 million.
Following the lead of students nationwide inspired by the activism of survivors of the Parkland massacre and citing "customer feedback," the First National Bank of Omaha stood up to the National Rifle Association yesterday, saying that it would not renew the contract for its NRA-branded Visa card. That news was followed by Enterprise Holdings, which controls the Alamo, National and Enterprise car rental brands, announcing that it would stop offering NRA-member discounts.
Following disappointing Q4 e-commerce growth, Walmart will launch a more sophisticated home products shopping experience on Walmart.com.
"Low Fat!" "Low Carbs!" "Low Calories!" Doesn't matter, and what works for one person may not work for another. A new study that could have a major impact on the way food is produced and marketed finds that the quality of the food ingested trumps all else when it comes to controlling weight.
Boise, Idaho-based Albertsons, which operates stores across 35 states and the District of Columbia under 19 banners including Safeway and Vons, is close to acquiring the roughly 2,000 Rite Aid stores that are not being acquired by Walgreens Boots Alliance, the "Wall Street Journal" reports this morning. A yet-to-be-named new company created by the merger will then operate about 4,900 stores and 4,300 pharmacies and generate $83 billion in annual sales.
Ryan Coogler's "Black Panther" opened last night amid strong word of mouth, rave reviews and stories that confirm earlier stories - including a "Time" cover by Jamil Smith - that's it's more than just a decidedly different Marvel movie because it features black superheroes.
McDonald's this morning released the details of a five-year plan to restrict half of its Happy Meal offerings to platters with 600 calories or fewer with 10% of calories from saturated fat, 10% from added sugar and 650mg sodium. It will also remove artificial flavors and colors and reduce artificial preservatives "where feasible." And - are you ready?- it will no longer list the cheeseburger on its menu boards.
After an extensive search, beleaguered Chipotle yesterday named Brian Niccol as its CEO, replacing founder Steve Els, who will become executive chairman on March 5. Niccol has been credited with revitalizing Taco Bell as its CEO in recent years.