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LeBron James’ company SpringHill valued at $725M in new deal

SpringHill, the entertainment company co-founded by NBA star LeBron James, is selling a minority stake to a group of high-profile investors in a deal that values the business at $725 million, the companies said Thursday. The size of the stake was not disclosed. The group of investors includes Nike, Epic...

Nokia to release new version of its classic 6310 ‘brick phone’

Pick up the phone — nostalgia is calling! Nokia is releasing an updated version of its classic 6310 “brick phone” two decades after the original model went on sale. The 6310 came out back in March 2001, and quickly became one of the most popular devices that the Finnish telecommunications company ever manufactured. Owners...

Amazon ripped off sellers, rigged search results to favor its own brands: report

Amazon ripped off its third-party sellers’ products and rigged search results to favor its own products — even as Jeff Bezos told Congress under oath that the company didn’t engage in such practices, according to a new investigation. The knockoff and manipulation campaign occurred in Amazon’s India division with the...

Goldman Sachs profit surges amid flurry of dealmaking

Goldman Sachs reported a 66-percent surge in third-quarter earnings that swept past expectations on Friday, as Wall Street’s biggest investment bank rode a record wave of M&A activity that has also boosted profit for other big US banks. The Wall Street giant headed by Chief Executive David Solomon, which generates...

Domino’s delivers first drop in US sales in more than a decade

Domino’s Pizza posted its first drop in U.S. same-store sales in over a decade on Thursday, as the world’s biggest pizza chain grappled with a slowdown in delivery demand and a tight labor market that created a shortage of drivers. As COVID-19 curbs ease, Americans have started to eat out at restaurants after...