Category Archives: CNN – Business

Dwayne “The Rock” Johnson is part of the team buying XFL for $15 million

Dwayne “The Rock” Johnson is part of the team buying XFL for $15 million

Dwayne “The Rock” Johnson is teaming up with his ex-wife and a top sports management company to buy the bankrupt XFL football league for $15 million. Johnson — a former WWE wrestling star who has since become one of Hollywood’s most bankable action heroes — and the partners are purchasing the assets of the XFL…MORE

Chipotle is using avocado pits as dye for its new sustainable clothing line

Chipotle is using avocado pits as dye for its new sustainable clothing line

Chipotle wants its customers to eat — and wear — its avocados. The company announced a new “responsibly sourced” clothing and goods line Monday, and all of the T-shirts, sweatshirts and tote bags will be dyed with the food chain’s used avocado pits that would otherwise go to waste. After using avocados to make guacamole,…MORE

Men’s Wearhouse owner files for bankruptcy as pandemic torpedoes suit sales

Men’s Wearhouse owner files for bankruptcy as pandemic torpedoes suit sales

Tailored Brands, which owns Men’s Wearhouse and Jos. A. Bank, has filed for bankruptcy, becoming the latest US retail casualty of the coronavirus pandemic that wiped out demand for office attire. The company said in a statement Sunday that it has filed for Chapter 11 bankruptcy protection in a district court in Texas to implement…MORE

The ‘Got Milk?’ ads are back but they’re not like the ones you remember

The ‘Got Milk?’ ads are back but they’re not like the ones you remember

One of the most iconic questions in advertising history is back. The milk industry is resurrecting its “Got Milk?” slogan that branded a popular ad campaign from 1993 to 2014. The idea, more or less, was to make milk sexy by putting goofy white mustaches on celebrities like Britney Spears, Dennis Rodman, Jonathan Taylor Thomas,…MORE

Why investors should care about the fate of TikTok

What happens to TikTok isn’t just a question for its millions of American users. The short-form video app, the latest flashpoint in tensions between the United States and China, is also of interest to investors. As the geopolitical conflict between the world’s two biggest economies intensifies, the fate of TikTok will send an important signal…MORE

Electric truck maker Lordstown Motors is going public

Electric truck maker Lordstown Motors is going public

Electric truck maker Lordstown Motors is the latest company to find a ticket to ride to Wall Street through a merger with a blank check company. Lordstown Motors, which plans to make an electric pickup for commercial fleets called the Endurance, said Monday it will combine with an already public firm named DiamondPeak Holdings Corp.…MORE

ADT stock soars 65% after $450 million investment from Google

ADT stock soars 65% after $450 million investment from Google

Shares of home security business ADT rose sharply on Monday after the company announced a $450 million investment from Google. ADT stock rallied some 65% after the opening bell in New York, after jumping in premarket trading. Google shares had inched higher in premarket but were modestly lower after regular trading began. Google’s investment bought…MORE

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