Lululemon Athletica founder Dennis 'Chip' Wilson will sell 50 percent of his Lululemon shares to Advent International, a private equity firm. The deal highlights Mr. Wilson's dispute with the rest of Lululemon's board of directors.
Kevin Love will go to the Cleveland Cavaliers in exchange for No. 1 draft pick Andrew Wiggins, according to various reports. Andrew Wiggins' reported trade to the Minnesota Timberwolves for Kevin Love makes him the third No. 1 overall NBA draft pick to be traded before playing an NBA game.
NFL tickets in London will be more expensive than ever this year, and several NFL figures, including Commissioner Roger Goodell, have voiced support for an NFL franchise in the city. NFL tickets for whole seasons and not just a few games a year can be sold in London, and perhaps in Germany, experts say, but the league has several obstacles to consider.
Achieving a true work-life balance may seem not realistic, but several US cities boast a short work day, a even shorter commute, and low monthly rent. The top city for work-life balance, according to NerdWallet, is Bloomington, Ind. where employees work an average of 31.9 hours a week.
The bake sale is a time-honored fundraising tradition in US schools, but school bake sales in several states are required to follow federal nutrition guidelines. Should schools be worried about fundraising, or will students find other ways around the so-called 'bake sale laws'?
Tesla Motors and Panasonic Corporation have teamed up to build Tesla's highly-anticipated Gigafactory for lithium ion batteries. Tesla Motors says the Gigafactory would add 6,500 jobs by 2020 and boost the surrounding area's economy – but it is not clear where the Gigafactory will be built.
Thirty-five percent of Americans with credit reports have debt in collections, according to the Urban Institute. The debt load may seem alarming, but it hasn't changed much in a decade.
The 'Highest-Paid Country Musicians' list from Forbes features familiar faces at the top this year. Taylor Swift earned $64 million in the past year, but the highest-paid country star was another artist who made most of his earnings from endorsements and a successful restaurant venture.
Red Lobster's food is being plated differently to mimic more upscale restaurants' styles and cater to clients who 'are not going to go a Chipotle for their anniversary,' according to the chain's new CEO. On Monday, Darden Restaurants closed its sale of Red Lobster to Golden Gate Capital for $2.1 billion.
A group that includes rocker Jon Bon Jovi reportedly conducted a feasibility study into buying the Buffalo Bills and building a stadium in Toronto. If Jon Bon Jovi were to buy the Buffalo Bills, how much would the NFL team fetch?
Dunkin' Donuts US sales grew 1.8 percent in the second quarter, missing expectations. Dunkin' Brands Group CEO Nigel Travis also says Dunkin' Donuts cashiers will 'upsell' more often.
Walmart US CEO Bill Simon will vacate his position next month, the company announced Thursday. Greg Foran, the CEO of Walmart Asia, will assume Bill Simon's position on August 9.
Starbucks, Burger King, and Papa John's all have pulled products with meat from Husi Food Co. in China. The news follows reports and an immediate investigation of Husi repackaging expired meat and putting new expiration dates before selling them to major food chains, including McDonald's and KFC.
Carlos Slim, Mexican telecoms tycoon and the world's richest man, says people should work three days a week, but not retire until they are in their seventies. Others, including Google co-founder Larry Page, share Carlos Slim's vision of shorter work weeks, but is it a serious option for companies and workers?
Forbes Media will sell a majority stake of itself to a Hong Kong-based investor group, the company said Friday. Terms of the transaction were not disclosed, but it is reported that the transaction values Forbes Media at $475 million.
Tesla Motors chief executive Elon Musk confirmed the Model 3, a forthcoming electric car that will cost less than half its coveted Model S. Can a cheaper Tesla Motors model woo a broader public still wary of electric cars?
Microsoft Corporation aims to cut 18,000 jobs over the next year, the company announced Thursday. It will be Microsoft Corporation's largest round of layoffs in company history, as Microsoft streamlines its business with recently-acquired Nokia in mind.
BMW is recalling 1.6 million 3 series vehicles worldwide with Takata airbag inflators as a precautionary measure, the automaker said Wednesday. The BMW 3 Series recall affects 574,000 cars in the US.
Cleveland Browns owner Jimmy Haslam's truck stop company Pilot Flying J will pay $92 million fine so the US government won't prosecute the company. The deal follows an investigation into Jimmy Haslam's company after customers lost $58 million in withheld rebates and discounts.
Swiss chocolate maker Lindt & Sprügli says it is acquiring Russell Stover Candies, making the company the third-largest chocolate maker in North America. Details of Lindt & Sprügli's acquisition were not disclosed, but several media outlets report the deal was between $1 billion to $1.4 billion.