Business

Microsoft, led by CEO Satya Nadella, has partnered with Walmart in its bid to buy TikTok. Getty Images As it seeks to remove Oracle’s bid to acquire TikTok, Microsoft has called in a surprise ally in its bid to acquire the massively popular social media platform: Walmart. For everyday shoppers, …

It is sometimes not appreciated how new professional sports are as a dominant cultural phenomenon. For the vast majority of human history, sports have been overwhelmingly played by amateurs. And even in America, it is only in the past fifty years that this professional version of sport has become a …

The significant reduction in business and retail staff will help Bed Bath & Beyond save $ 150 million in annual pre-tax savings, the company said Tuesday. As of February, the retailer had 55,000 employees, so the cuts amount to 5% of its total workforce. Tuesday’s action is part of a …

(Bloomberg) – Cosmetics maker Coty Inc. reported worse-than-expected results in its fourth quarter, posting a $ 1.2 billion drop in sales year-on-year as consumers were trapped at home in the pandemic that swept beauty product purchases. Sales of $ 922.1 million in the company’s fiscal fourth quarter fell 56% on …