Prada has tapped “Selma” director Ava DuVernay and artist Theaster Gates to advise the Italian fashion house on diversity issues after the company released a holiday collection featuring blackface imagery. In December, Prada faced backlash over its Pradamalia line, which included monkey-like figurines with black faces and large red lips. When civil rights attorney Chinyere…… MORE
The double-decker A380 was loved by passengers, aviation enthusiasts and executives at Airbus. But the world’s largest commercial plane never won over the group that really mattered: airlines. Airbus pulled the plug on its superjumbo program on Thursday, announcing that it would deliver the final A380s to airlines such as Emirates by 2021. The decision…… MORE
Airbus is ending the A380 program, pulling the plug on its iconic superjumbo jet that once promised to revolutionize commercial air travel but failed to deliver on outsized expectations. The European plane maker said Thursday that it will stop delivering A380s in 2021 after Dubai-based airline Emirates slashed its orders for the huge jetliner. “We…… MORE
Levi Strauss plans to hit the public market for the first time in 34 years, a promising sign for a troubled retail sector. The 165-year-old company, which invented the blue jean, filed for an IPO on Wednesday. Levi’s said it could raise up to $100 million in the public offering, and will be listed on…… MORE
Americans are falling behind on car loan payments in record numbers. More than 7 million car loans were past due by at least 90 days in the fourth quarter, according to data released this week from the New York Federal Reserve. That’s 1.3 million more past-due loans than during the previous peak in 2011, which…… MORE
Carlos Ghosn won’t be getting a golden parachute from Renault. The French carmaker said Wednesday that it would not be paying its former CEO and chairman roughly €30 million ($34 million) he was due in deferred compensation and other benefits. Ghosn resigned from Renault last month after he was charged in Japan with financial misconduct…… MORE
The Sears brand, once the mightiest in retail, is only worth a fraction of what it once was. As the company prepares for life after bankruptcy, a key to that future is whether the brand still has enough value to bring back the customers it needs. The company has been writing down the value of…… MORE
US Steel says it is restarting construction on an Alabama mill to take advantage of higher steel prices. The company had stopped work on a furnace at the plant in 2015 because of unfavorable market conditions. But US Steel said it resumed construction because of the Trump administration’s trade policies, as well as incentives from…… MORE
Life after Carlos Ghosn is off to a rocky start for Nissan. The Japanese automaker slashed its annual profit and sales forecasts on Tuesday in its first earnings report since the arrest and ouster of Ghosn, who ran the company for nearly two decades. Nissan now expects to sell 5.6 million vehicles worldwide in the…… MORE
At Kroger, a dozen roses at stores usually cost around $10. During the Valentine’s Day stretch, they go for double. Why are flowers so expensive around Valentine’s Day? The rush for flowers creates international logistics bottlenecks and elevated transportation costs for a limited supply of perishable flowers. “It’s an old economic adage. Supply and demand,”…… MORE
