NEW YORK (AP) — General Mills is dropping artificial colors and flavors from its cereals, the latest company to respond to a growing desire for food made with ingredients people see as natural. The company said Monday that Trix and Reese’s Puffs will be among the first cereals to undergo the changes. As a result, […]
NEW YORK (AP) — Gap plans to close 175 of its namesake stores in North America, or 18 percent of its current total, and cut 250 jobs at its headquarters as the company tries to strengthen the struggling brand. Gap Inc., which owns Gap, Old Navy and Banana Republic, said Monday it will close about […]
A royalty dispute may cause Jay Z’s music streaming service Tidal to lose one of its flagship artists…who also happens to be his wife. Bloomberg’s insider sources say that both Sony and Warner have been asking Tidal for huge advances in exchange for the rights to stream their artists’ catalogs. While Tidal has apparently come […]
In an announcement Tuesday, Verizon Communications said it would acquire AOL for $4.4 billion cash, the New York Times reports. AOL, considered at one point…
NEW YORK (AP) — What killed Comcast’s $45 billion bid for Time Warner Cable? Regulators’ desire to protect the Internet video industry that is reshaping TV. A combination of the No. 1 and No. 2 U.S. cable companies would have put nearly 30 percent of TV and about 55 percent of broadband subscribers under one […]
Former Democratic Massachusetts Gov. Deval Patrick is slated to join Bain Capital, the Boston investment giant, where he will develop a new line of business…
Jay Z’s entertainment company Roc Nation and the UK-based management company Three Six Group (home to Calvin Harris, Deadmau5 and Frank Ocean) have announced the formation of Three Six Zero Entertainment, a new full-service management company that will represent actors, directors and writers in the film, television and digital industries. The company will be offering […]
WASHINGTON (AP) — The nation’s largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service. The Federal Trade Commission said Wednesday that TracFone’s advertising promised unlimited data, but the company then drastically slowed down consumers’ data speeds — […]
BOSTON (AP) — Even with almost 17 million followers on Twitter and nearly 22 million on Facebook, LeBron James didn’t hesitate when asked his preferred method of connecting with fans. “The basketball court,” the Cleveland Cavaliers star said on Thursday night during an “idea exchange” at Fenway Park. Speaking to business leaders at the home […]
CUPERTINO, Calif. (AP) — Apple showed off thinner iPads and a new iMac with a high-resolution display on Thursday. Sleek and stunning, yes, but not likely to spark the next iRevolution. The tech giant’s bigger strategic bet is that mobile pay service Apple Pay, debuting Monday, will be the next thing you didn’t know you […]
For years, the term “nude,” used to describe the color of everything from bandages to bras, has been defined in relation to white skin. Well,…
ATLANTIC CITY, N.J. (AP) — Trump Entertainment Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year. The company owns Trump Plaza, which is closing in a week, and the Taj Mahal, which has been experiencing cash-flow […]
