COMPANIES

Porsche shares fall below IPO pricing

Porsche IPO in Frankfurt
Shares in sports car brand Porsche fell below its listing price on Monday, the third day of trading since its $72 billion listing by parent company Volkswagen.
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Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City

Bed Bath & Beyond CFO plunges to death at New York's Jenga tower

Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers.
A Starbucks store is seen in New York

New York City sues Starbucks for firing union organizer

A New York City agency overseeing workplace affairs said on Friday it sued Starbucks Corp because the coffee chain illegally fired a longtime barista and union organizer shortly after employees in his store voted to join a union.
Shoppers line up to wait for the opening of a Uniqlo store in New York

Amid US retail gloom, Uniqlo shines on COVID-triggered revamp

Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model.
Illustration shows Netflix logo

Netflix hires two top ad executives from Snap

Netflix Inc lured two of Snap Inc's top executives to lead its advertising sales team, the company announced Tuesday, poaching two people that lent the social media company credibility with brand marketers.
Gates, passport control and toilets signs are seen at Lisbon's airport

Strike cancels 60 flights at Portugal's Lisbon airport

Around 60 flights were cancelled at Lisbon airport on Sunday, the last day of a strike by handling workers that has brought more disruption to summer travel at Portugal's main airports since Friday, data from national airports operator ANA showed.
Norwegian Air Sweden Boeing 737-800 plane SE-RRJ approaches Riga International Airport in Riga

Fuel prices cloud Norwegian Air's improving performance

Norwegian Air reported a second-quarter net profit on Thursday amid a surge in demand for air travel in Europe after pandemic restrictions were lifted, and was helped by reversal of an impairment charge related to its dispute with Boeing.