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Slack starts the year with a global outage

Slack, the messaging service used by millions of people for work and school, suffered a global outage on Monday, the first day back for most people returning from the New Year's holiday. ...

Peloton ... if you build it, they will come

With no sign that home workouts will fade out any time soon, Peloton cranked up its manufacturing capacity in a big way this week and it picked up a bunch of new fans on Wall Street. ...

Tesla seeks to raise another $5B in stock offering

Tesla is looking to raise up to $5 billion in capital through a stock offering as the electrical vehicle and solar panel maker seeks to take advantage of strong demand for its products. ...

Kroger 3Q sales jump as virus surges and Americans stock up

Kroger's sales surged in the third quarter as Americans restocked their pantries with COVID-19 infections beginning to surge throughout the fall. The grocer boosted its full-year ou...

America get spicy and Cholula is snapped up for $800 million

With millions dining at home for safety and a swing to the spicier side in the U.S. in recent years Cholula, the hot sauce with the distinctive wooden cap and a cult following, has become a very valua...

Sales surge at Lowe's as the homebound take on more projects

Lowe's sales surged in the third quarter more people took on projects at home during the epidemic. Shares, however, slumped before the opening bell Wednesday on an outlook that some...

Home Depot is building a banner year, 3Q numbers stun

Americans being stuck at home has led to an explosive year for Home Depot and its latest quarter is no exception. Third-quarter sales surged 23% and the home improvement chain beat ...

VF adds to its slick brand roster, buys NYC's Supreme

The company that owns niche brands like The North Face and Vans is adding to that portfolio with Supreme, a slick brand that caters to skateboard and hip hop crowds. VF Corp. had al...

General Electric's 3Q adjusted profit surprises Wall Street

General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street. GE lost $1.19 billion, or 13 cents...

Kodak erred with stock grants but review finds actions legal

Shares of Kodak are sharply higher after an independent legal review found that while there were flaws in how Eastman Kodak issued stock option grants to its CEO just before revealing a major developm...

No sweat: Dick's crushes 2Q as consumers focus on fitness

At home workouts and outdoor athletic activities are shaping up to be good business for Dick's Sporting Goods. The retailer's second-quarter results easily beat Wall Street's expectations as consumers...

DIY projects ramp up in pandemic, and so do sales at Lowe's

Comparable store sales in the U.S. surged 35.1% at Lowe's and online orders more than doubled with Americans spending much more time at home during the pandemic. The report comes on...

Millions WFH and Home Depot sales explode

With millions of people staring at their walls while working from home, sales at Home Depot surged in the second quarter, with same-stores sales in the U.S. spiking 25%. Overall rev...

Simon, Authentic Brands buying Brooks Brothers for $325M

Brooks Brothers will be purchased for $325 million by a retail venture owned by licensing company Authentic Brands Group and mall owner Simon Property Group. The venture, called Spa...

Clorox becomes 'it' brand in world sheltered in place

Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic. The company also announced Monday that Linda Rendle will be...