business

Russia 'pouring fire' on Ukrainian city as offensive mounts

Russia ‘pouring fire’ on Ukrainian city as offensive mounts

SLOVIANS, Ukraine (AP) — Russia was mounting an all-out attack on the last Ukrainian stronghold in the eastern Lugansk region, “belching fire” on the city of Lysychansk from the ground and from the air, the local governor said Monday, as Western leaders they met to discuss ways to bolster support for Kyiv. Lugansk Governor Serhiy …

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Leonardo Del Vecchio: Italian billionaire and Ray-Ban owner dies

Leonardo Del Vecchio: Italian billionaire and Ray-Ban owner dies

“EssilorLuxottica is sad to announce today that its chairman has passed away,” the group said in a statement, adding that the board would meet to “determine next steps.” Del Vecchio went from a childhood in an orphanage to amassing a fortune in the tens of billions of euros in one of the most famous rags-to-riches …

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Just keep your returns: Stores weigh paying you not to bring back unwanted items

Just keep your returns: Stores weigh paying you not to bring back unwanted items

In recent weeks, some of the largest chain stores, including Goal (TGT), Walmart, (WMT) Gap (gps), American Eagle Providers (OAS) and others have reported on their latest earnings calls that they carry too much inventory of things ranging from workout clothes, spring jackets and hoodies to lawn furniture and bulky children’s toys. It’s costing them …

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Crypto is crashing but the tech behind it could save luxury brands billions

Crypto is crashing but the tech behind it could save luxury brands billions

These losses can damage both profits and reputations, which is why some brands are now turning to technology to protect their products, brand value and consumers. Despite being competitors, a conglomerate of luxury brands LVMH (LVMHF) joined forces with prada (PRDSY)and Cartier in April 2021 to establish the Aura Blockchain Consortium, a non-profit platform creating …

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RIP Bernie Stolar, Former Sega, Atari & PlayStation Executive

RIP Bernie Stolar, Former Sega, Atari & PlayStation Executive

Stolar photographed during the Dreamcast launchPhoto: Associated Press (access point) Bernie Stolar, one of the most important video game executives of the 1990s, has died at the age of 75. GamesBeat reports. Stolar started working in the video game business in 1980, first founding a slot machine company before moving to Atari, where he did …

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