Borders Selling Businesses Down Under
June 6, 2008
The struggling Borders chain plans to sell its divisions in Australia and New Zealand to A&R Whitcoulls, an Australian book retailer.
Recent News
High-Speed Rail Linking Las Vegas to Southern California Is Underway
Ground has been broken for a new high-speed rail line connecting Las Vegas to Southern California.
Cooking Oil Recall Issued Due to Packaging Issue
The FDA has issued a nationwide recall of Primal Kitchen Avocado Oil, affecting more than 2,000 cases of cooking oil. The recall was initiated due to a packaging issue involving the potential breakage of the glass containers, posing a safety risk to consumers.
Coach and Michael Kors Parent Companies’ Merger Challenged
The FTC is opposing the $8.5 billion merger between Tapestry and Capri, the parent companies behind brands like Coach, Kate Spade, Michael Kors, and Versace. This move is unusual for the FTC, which rarely steps in on fashion industry deals due to its competitive nature.
Tesla Slashes Prices in US, China, and Germany To Battle Rising Competition
Following significant price cuts in the U.S., Tesla has revealed that similar reductions will be applied in China and Germany as well.