Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits sink by more than 96% during its fiscal fourth quarter, compared with the year-ago period. It’s unclear how many employees Under ...
Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. Separately, Netflix announced it would launch its own advertising platform and no longer partner with Microsoft for that technology. The tech giant will remain a programmatic advertising partner. Netflix introduced the ad-supported plan ...
McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble, four-piece chicken nuggets, fries and a drink — and will run for roughly a month, beginning on June 25, according to a person familiar with the offering who was not ...
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first car, the L60 SUV, are set to begin in September, the company said. Pre-sales began after Wednesday’s launch event. Nio CEO William Li said he expects Onvo to begin selling its cars overseas ...
United Airlines said the Federal Aviation Administration has cleared it to start adding new aircraft and routes months after the regulator stepped up its scrutiny of the carrier following several safety incidents. “Today, we got some good news: after a careful review and discussion about the proactive safety steps United has taken to date, our FAA Certificate Management Office has allowed us to ...
Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth in the recent quarter came from customers who turned to its grocery aisles for cheaper ...
Slovakian police have charged a man in connection with the attempted assassination of Prime Minister Robert Fico, the country’s interior minister said Thursday. Fico is in a stable but serious condition after being shot five times from a close range and undergoing surgery, his deputy said Thursday. The assassination attempt rocked the central European country and sparked global condemnation. The 59-year-old populist ...
Chinese leader Xi Jinping and Russian President Vladimir Putin pledged to deepen their strategic partnership in Beijing on Thursday, in a stark show of their growing alignment as Moscow’s troops advance in Ukraine. Putin — whose delegation includes top defense and security officials — was welcomed by Xi to Beijing’s Great Hall of the People earlier with full military pageantry, heralding ...
Slovakia’s Prime Minister Robert Fico was hospitalized on Wednesday after he was shot five times in an assassination attempt that shocked the country. The attack took place after an off-site government meeting in the central Slovak town of Handlova. The suspected gunman was among a small crowd of people waiting to greet the prime minister on the street outside the ...
Whitaker would go on to earn the nickname “Snakeman of India,” and spend more than six decades dedicated to reptile research and conservation. He’s written several books on snakes, spearheaded a lifesaving anti-venom program, and launched wildlife research stations throughout the country. His field work with snakes and crocodiles ultimately led his conservation efforts to help save India’s rainforests. Today, ...