Adidas loses rulings over Skechers’ alleged ‘Springblade’ knockoffs
(Reuters) – A federal judge has rejected Adidas AG’s effort to block Skechers USA Inc from selling athletic sneakers that it said copied its “Springblade” concept.
Nike to cut 2 percent of workforce, eliminate shoe styles
(Reuters) – Nike Inc said on Thursday it would cut about 2 percent of its global workforce and eliminate a quarter of its shoe styles as it looks to become nimbler in the face of intensifying competition and fast-changing consumer trends.
Jetmakers hunt for new growth as order binge fizzles out
PARIS (Reuters) – Plane giants are preparing to squeeze the last drop out of a once raging torrent of airplane orders without the razzmatazz of recent years, as the aerospace industry heads to a belt-tightening Paris Airshow looking for new sources of …
Father says J.P. Morgan’s parental leave policy is biased
(Reuters) – A J.P. Morgan Chase & Co employee filed a federal sex discrimination complaint on Thursday accusing the bank of discriminating against fathers by giving them paid parental leave on different terms than mothers based on a stereotype that women should care for children.
Verizon to incur $500 million in pre-tax costs from Yahoo deal
(Reuters) – Verizon Communications Inc said on Thursday it expected to incur about $500 million in pre-tax expenses in the second quarter as a result of its $4.48 billion purchase of Yahoo Inc’s core business.
Even before Anbang chairman detained, some banks halted its products
BEIJING/HONG KONG (Reuters) – China’s Anbang Insurance Group, whose chairman was detained late last week, said on Thursday that its products were still being sold through banks, although employees at some lenders said they had stopped selling them, in …
U.S. factory output declines for second time in past three months
WASHINGTON, June 15 (Reuters) – U.S. factory output fell unexpectedly in May on a broad decline in production, including the manufacturing of cars, casting a shadow over the economy’s rebound from sluggishness at the start of the year.
U.S. jobs market tightens; inflation pressures cooling
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking labor market slack that could allow the Federal Reserve to raise interest rates again this year despite moderate in…
De Beers, Namibia launch world’s biggest diamond exploration ship
LONDON (Reuters) – Anglo American’s diamond unit De Beers on Thursday launched the world’s largest diamond exploration vessel off the coast of Namibia as it looks to maintain high production levels until 2035.
British Airways CEO puts cost of recent IT outage at 80 million pounds
MADRID (Reuters) – A technological failure which stranded tens of thousands of British Airways (BA) passengers in May will cost the company around 80 million pounds ($102.19 million), Willie Walsh, chief executive of BA parent International Airlines Gr…
