The retailer is planning layoffs in a reorganization aimed at trimming its expenses and speeding up decision-making.
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Urban Outfitters Sales, Earnings Jump on Strength Across Retail Banners
Urban Outfitters posted double-digit sales growth in the first quarter with revenue growing at each of its main brands, an upbeat sign as other retailers said macroeconomic uncertainty was dampening demand.
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NBCUniversal Bids for MLB Rights That Were Dropped by ESPN
The company aims to air games on NBC and the Peacock streaming service.
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Former Apple Design Guru Jony Ive to Take Expansive Role at OpenAI
OpenAI will buy Ive’s startup in a $6.5 billion deal, as Ive and CEO Sam Altman work on new generation of devices and other AI products.
The business includes one million fiber customers and reaches across 11 states.
The retailer’s comparable sales fell 3.8% in the latest quarter, a steeper drop than expected.
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UnitedHealth Stock Slumps on HSBC Downgrade. Why It Got a Rare Sell Rating.
HSBC analysts also slash their price target on shares of healthcare giant UnitedHealth.
Tariffs will likely weigh on the current quarter’s earnings, the parent of TJ Maxx, Marshalls, and HomeGoods said.
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Boeing’s Internal Safety Plan: Make Problems Easier to Report
The plane maker is aiming to convince federal regulators that it is making progress in improving its employee culture.
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Bloomberg Outage Hits Traders, Disrupts Government-Bond Auctions
The terminal, an essential tool for professional investors, suffered an outage that disrupted trading and some offerings of government bonds.
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Publicis Deepens Influencer Marketing Push With Deal for Captiv8
Lowe’s Earnings Beat Expectations. It Isn’t the Only Reason the Stock Is Rising.
The home-improvement retailer sticks to its full-year guidance and reports better same-store sales than expected.
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SEC Sues Crypto Startup Unicoin and Its Executives for Fraud
The crypto company misled investors and overstated value of real-estate assets that it said backed its tokens, the agency said.
Canada Goose sales unexpectedly rose in the latest quarter, as consumers showed little hesitation to spend on pricey coats and apparel despite a deteriorating consumer backdrop.
The medical device maker has been working to turn around the division over the past few years.
