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Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
Combination showing store signage from Abercrombie & Fitch and Lululemon stores. Getty Images Abercrombie & Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Yet, Wall Street greeted the news with varying levels of enthusiasm….
Walgreens to Pay Humana $360 Million to Settle Drug-Pricing Dispute
Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements. Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million….
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United and Alaska Airlines Find Loose Parts on Boeing 737 Max 9 Jets
United Airlines and Alaska Airlines said on Monday that they had found loose parts on some of their Boeing 737 Max 9 jets after a fuselage panel blew out during an Alaska flight on Friday, adding to growing safety concerns about the Max 9. The disclosures followed reports that Alaska Airlines had been warned three…
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JetBlue CEO Robin Hayes to step down in February, COO Joanna Geraghty to take helm
Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline’s inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images JetBlue CEO Robin Hayes will step down next month, the company said Monday. The airline’s…
Nine months after scandal, publishers are still sorting out a plagiarism mess
This week, Simon & Schuster finally published “The Book of Animal Secrets: Nature’s Lessons for a Long and Happy Life,” the highly anticipated book by USC’s Dr. David Agus whose release was suspended after the manuscript was found to contain numerous instances of plagiarism. The new version of the book differs subtly from the one…
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The Rise of Remote Work: Transforming Business Operations in the Digital Age
In the grand tapestry of the working world, there’s been a colorful and undeniable shift, painting a new picture of what it means to ‘go to work.’ Gone are the days when the daily commute was as predictable as the setting sun. Now, in the dazzling digital age, the rise of remote work is reshaping…