Billionaire Frank McCourt’s TikTok bid wins key backer as he looks past app’s prized algorithm
In the race to buy TikTok, billionaire Frank McCourt is pitching investors with a chance to create a new platform…
The low-end consumer ‘is really being stretched,’ says Five Below CEO
While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some…
FTC prepares to sue largest U.S. alcohol distributor, alleging ‘secret kickbacks’
The Federal Trade Commission is preparing an antitrust lawsuit against the largest U.S. alcohol distributor, Southern Glazer’s Wine and Spirits,…
Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
Eli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company saidTuesday, almost…
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including…
U.S. appeals court blocks grant program for Black women-owned businesses
Venture capital fund Fearless Fund cannot resume making grants to Black women-owned businesses, a divided U.S. appeals court ruled on…
