Destination Maternity Files for Chapter 11
Destination Maternity, the world's largest maternity-apparel retailer, filed for chapter 11 protection, the latest mall-based retailer to succumb to declining sales and changing consumer tastes.
Facebook to Identify State-Run Media
Facebook is taking additional steps to protect the integrity of the 2020 U.S. elections, including clearer identification of state-run media on its platform.
Boeing Shares Fall as Lawmakers, Regulators Press Company
Investors are selling off shares in Boeing as the plane manufacturer was hit with downgroades and continues to face intense questions from regulators and elected officials about its safety practices and its grounded 737 MAX planes.
SAP Extends Cloud Partnership With Microsoft
SAP has extended a cloud-services partnership with rival Microsoft, crediting it with driving sales.
Coty Wants to Shed Hair-Care, Beauty Brands
Cosmetics maker Coty Inc. is looking to sell its hair-care and professional beauty businesses, a collection of brands that account for nearly a third of its annual revenue.
Four Drug Firms Reach Deal Averting Opioid Trial in Ohio
AmerisourceBergen, Cardinal Health, McKesson and Teva have reached a $260 million settlement to avoid a trial seeking to blame them for fueling the opioid crisis.
Netflix Movies Could Use More Thumbs Up
Netflix is readying a box-office assault, but the streaming giant could use fewer misfires.
Venezuela Can Afford Payment to Keep Control of Citgo, Creditor Lawyer Says
Venezuela can afford to make a payment to bondholders next week, avoiding a $913 million debt default that would cost the country control of Citgo Petroleum Corp., according to a lawyer for creditors circling the Houston-based refiner.
Adidas Executive Behind Beyoncé, Kanye West Deals to Leave
Adidas AG said its global brands director Eric Liedtke, who helped guide the German sportswear maker's turnaround in recent years through work with celebrities including Kanye West and Beyoncé, will depart at the end of the year.
Peter Thiel's Founders Fund Builds New War Chest in Strategy Shift
Peter Thiel's venture-capital firm is raising nearly $3 billion-and in a switch from the company's usual script, much of the war chest will be poured into the swelling ranks of technology startups that have stayed private for years.