BERLIN—Adidas is selling Reebok to Authentic Brands Group(ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its core brand after a deal that did not deliver. Adidas bought Reebok for $3.8 billion in 2006 to help compete with arch-rival Nike, but its sluggish performance prompted repeated calls…
FDA Classifies Philips Ventilator Recall Due to Low Oxygen Risk as Most Serious
The U.S. Food and Drug Administration (FDA) on Tuesday classified the recent recall of some of Philips’ ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause serious injuries or death. This is the second Class 1 recall initiated by the company this year. In June,…
FDA Classifies Philips Ventilator Recall Due to Low Oxygen Risk
The U.S. Food and Drug Administration (FDA) on Tuesday classified the recent recall of some of Philips’ ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause serious injuries or death. This is the second Class 1 recall initiated by the company this year. In June,…
DirecTV Breaks Free From AT&T
By Meg James From Los Angeles Times Six years after AT&T swallowed DirecTV with ambitious plans to modernize the satellite TV business, the telephone company has retreated, returning DirecTV to its roots as a stand-alone company. On Monday, AT&T completed its spinoff of DirecTV, taking $7.1 billion in cash and 70 percent interest in the…
Spotify Quarterly Revenue Beats on Paid Users, Ad Rebound
STOCKHOLM—Spotify Technology SA beat Wall Street estimates for second-quarter revenue on Wednesday, as the music streaming company reported a 20 percent jump in paid subscribers for its premium service driven by demand in Europe and North America. While Europe and North America accounted for more than half of its monthly active users (MAUs), the pandemic…
Uber’s Trucking Unit to Buy Logistics Planner Transplace for $2.25 Billion
Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that is expected to speed up the unit’s path to profitability. The acquisition, announced by Uber on Thursday, consists of up to $750 million in the company’s common stock and the…
10 Tips to Developing Your Personal Brand Through Thought Leadership
Article By Scott Bartnick What criteria are necessary to be deemed a thought leader in your industry? The answers may vary; however, most people can agree it takes a complex series of experiences—not just successes, but also the kind of setbacks that make you rethink, redesign and restart an endeavor you believe in. Once you master your…
Facebook Launches Bulletin, a Platform for Freelance Writers to Get Paid
By Entrepreneur Staff Facebook introduced a new platform called Bulletin, which seeks to boost the work of freelance writers so that they have a monetary reward in case their audience subscribes to their content. According to Xataka, this tool will allow you to publish paid or free newsletters that will be managed through Facebook Pay. The creators of audio and text…
LinkedIn Responds to Reports of Data Breach Affecting 700 Million of Its Users
By Entrepreneur Staff Recently, several media reported on the data breach of more than 700 million users of the professional social network, LinkedIn, which is equivalent to just over 90 percent of people who use the platform. However, the social network explained through a statement that it is not a data breach, at least not “private data.” “Our…
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