Business

Memorial Day weekend car shopping is ‘looking pretty bleak’

Bloomberg | Bloomberg | Getty Images One of the best car-shopping weekends prepandemic is more of a dud these days. Amid the auto industry’s manufacturing challenges due to persisting supply-chain issues, Memorial Day sales are generally minimal to nonexistent this year. “It’s looking pretty bleak, to be straightforward about it,” said Ivan Drury, senior manager …

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Petrol dealers’ body seeks redress for losses from Centre’s excise duty move

Days after the Centre announced an excise duty cut on petrol and diesel, the All India Petroleum Dealers Association (AIPDA) has demanded that the government come up with a mechanism that does not cripple them financially. A report by LiveMint said that while the duty cut provided a slight relief to commuters, it pushed petrol …

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Ulta Beauty, Big Lots, Autodesk, Workday and more

Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly …

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Fulcrum Digital to hire 800 techies in lateral positions

New Jersey based Fulcrum Digital Inc. which provides digital solutions to global customers is planning to hire 800 people for lateral positions to support its growing business. “India is an innovation hub for us where we develop customised solutions for our global customers and drive innovation for the world. This is the reason we are …

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PE firm DVC announces closure of $80 million fund

Bengaluru Dallas Venture Capital (DVC), founded by serial entrepreneur Dayakar Puskoor and co-founded by Abidali Neemuchwala, former CEO of Wipro, has announced the closure of an oversubscribed $80 million fund. The firm said it would invest $130 million in B2B SaaS start-ups over the next 4-5 years, in its effort to become a significant player among …

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As Americans splurge on dressing up again, retailers like Macy’s and Ulta benefit

A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up their wardrobes and spending more on dressier clothing, makeup and accessories as they start going …

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Judge dismisses Trump lawsuit against New York Attorney General James

Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images A judge on Friday dismissed a federal lawsuit by former President Donald Trump that …

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Walgreens, Amazon, Wawa find success with most-often unemployed worker

Walgreens has been training and employing neurodiverse workers since 2007. “What we do know, from data and research, is that this is the highest unemployed demographic in the country,” Carlos Cubia, global chief diversity officer at Walgreens Boots Alliance, said of workers with disabilities. Justin Sullivan | Getty Images When Cornelia Quinn, co-founder of Go-Be, …

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