Gap hopes its new chief executive can help it achieve a Barbie-like turnaround. Just days after the blockbuster opening weekend of “Barbie,” Gap, announced on Wednesday that it had hired Richard Dickson of the toymaker Mattel Inc. to become its chief executive officer. Mr. Dickson is Mattel’s and president and chief operating officer and has been at the toymaker since […]

Federal prosecutors charged Joseph C. Lewis, the British billionaire who owns the Tottenham Hotspur English soccer club, with insider trading, accusing him of illegally funneling nonpublic information to associates to trade on. In a 29-page indictment, prosecutors in Manhattan on Tuesday accused the 86-year-old financier of doling out tips to friends and associates, including his pilots, personal assistants and romantic […]

The stock of LTIMindtree finished at Rs 5,001 a piece on Monday, which means it is down about 5 per cent from its all-time high as its June quarter results for the 2023-24 financial year (Q1FY24) missed estimates. A cautious note by the management, coupled with the fact that it will miss its double digit revenue growth target for FY24 […]

Australia’s producers have called out streamers for offering “unfair” commissioning deals with “unrealistic” budgets, a study has revealed. Screen Producers Australia’s second Commissioning Survey revealed streamers ranked the lowest in overall deal fairness across the industry. The streamers, who have been closely assessing their work in Australia amid government plans to introduce content quotas, ranked below industry average in seven […]

Snap’s daily active users jumped 14% year-on-year for the second quarter, the platform said today, to 397 million even as revenue dipped in a tough ad market and with little visibility ahead. “We are excited by the progress we have made delivering increased return on investment for our advertising partners, growing our community to 397 million daily active users, and […]

Microsoft reported record sales and profits on Tuesday, as it shook off recession fears and began seeing the early impacts of its investments in generative artificial intelligence. The company had $56.2 billion in sales in the three months that ended in June, up 8 percent from a year earlier. Profit hit $20.1 billion, up 20 percent. The results beat analyst […]

Mattel is renewed its licensing agreement with Warner Bros. Discovery Global Consumer Products, continuing as the studio’s toy licensee in preschool, plush, dolls, vehicles, games, and novelty toy categories. The deal, which extends a long relationship between the two, covers over 50 brands and franchises including DC Universe, DC Super Friends, Batwheels, Harry Potter, Fantastic Beasts, Friends, Seinfeld and Ted […]

A report released by the Commerce Department on Tuesday showed retail sales in the U.S. increased by much less than expected in the month of June. The Commerce Department said retail sales edged up by 0.2 percent in June after climbing by an upwardly revised 0.5 percent in May. Economists had expected retail sales to advance by 0.5 percent compared […]

Elon Musk announced a rebrand to Twitter, which is now going to be known as X. As the X takes over the bird, many have taken to the social platform to share their reactions. Among the many people sharing their thoughts was the official Sesame Street account. The children’s show known for teaching kids about numbers and letters made a […]