Chinese investors are leading an attempt to buy Amer Sports, the owner of brands including Louisville Slugger and Wilson, for more than $5 billion. A consortium led by China’s Anta Sports has offered €40 ($45) per share to acquire the Finnish sports company. That’s nearly 14% above the stock’s closing price on Thursday. The group…… MORE
Constellation Brands is betting that female entrepreneurs will help it grow. The beer maker said on Thursday that it plans to invest $100 million over the next ten years in businesses led or founded by women. The strategy is designed to help Constellation Brands (STZ) make and market products that resonate with women, partner with…… MORE
Fiat Chrysler may revive a shuttered Detroit factory, signaling the automaker wants to expand its American manufacturing — even as competitors scale back their US operations. The company wants to repurpose a building in the northwestern side of the Detroit as an assembly site for a forthcoming three-row Jeep Grand Cherokee SUV that will debut…… MORE
GM chief executive Mary Barra traipsed around Capitol Hill this week, meeting lawmakers about the company’s plans to shut four plants in Michigan, Ohio and Maryland. She got a lot of questions about why she couldn’t save thousands of jobs. If any of those workers are spared, it will most likely happen as part of…… MORE
Sears Chairman Eddie Lampert wants to buy stores and assets to keep the company alive. His hedge fund, ESL Investments, is offering $4.6 billion for about 500 Sears and Kmart stores as well as the company’s other assets. ESL says its plan would save 50,000 jobs. Sears employed 68,000 people at the time of its…… MORE
The conflict between the United States and China over trade and technology is heating up again. The arrest of a top executive at Chinese tech giant Huawei at the request of the US government has angered Beijing, alarmed investors and raised new doubts about the fragile truce that the leaders of the world’s top two…… MORE
Walmart is turning to new tech to reduce costs and convince shoppers to keep taking trips to the store. This week, Walmart (WMT) announced it would bring robotic floor scrubbers to 360 stores by the end of the year. It also touted a new app, Dotcom Store, that allows associates to order products for customers…… MORE
Burger King wants people to download its app. So it’s sending them to McDonald’s for access to a one-cent Whopper. Here’s how it works: If you’re within 600-feet of a McDonald’s you can unlock a deal for a penny Whopper using the Burger King app. The app then offers directions to a nearby participating Burger…… MORE
Two liters of Dr. Pepper costs $1.80 at a Dollar General store in Union City, NJ. A 10-oz bag of Twizzlers sells for $1.50. But the low-end retailer is attempting a high-end revamp of its food offerings — adding yogurt, nuts, protein bars, veggie snacks, and coconut water to meet customer demand for healthier choices.…… MORE
The world’s biggest shipping company wants to slash its carbon emissions to zero by developing a new kind of container ship to ply the oceans. Maersk (AMKBY), which is based in Denmark, said it’s aiming to become carbon neutral by 2050 and is urging other shipping companies to do the same and help it develop…… MORE
