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Investing

‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

Bombas founder David Heath is stepping down from his role as CEO as the socks and apparel company looks to expand beyond…

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Investing

Netflix says its ad tier now has 94 million monthly active users

Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its…

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Investing

Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear…

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Investing

YouTube will stream NFL Week 1 game in Brazil for free

YouTube will stream the National Football League’s Week 1 game on Sept. 5 for free, the first time the dominant streaming platform has…

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Investing

5 new Uber features you should know — including a way to avoid surge pricing

Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share…

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Investing

American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it…

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Investing

Microsoft to cut 3% of its workforce

Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to implement organizational changes…

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Investing

UnitedHealth CEO suddenly steps down for ‘personal reasons’

UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary’s leader. Andrew…

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Investing

Father and son fraudsters sentenced in case of $100 million New Jersey deli

CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the infamous $100 million New Jersey deli were…

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Investing

McDonald’s announces plan to hire 375,000 employees this summer

McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer. The plan, announced on Monday, is one of the…

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