Lego Swaps Out CEO After Eight Months

UNITED NEWS INTERNATIONAL (UNI) — The Lego Group is trying to rebuild itself, starting with naming a younger boss. The Danish toy company named Niels Christiansen as its new CEO on Aug. 10. He will replace interim chief executive Bali Padda after just eight months on the job. Padda, who is British, made headline last December … Continued

Walmart Apologizes for ‘Horrible’ Gun Display

UNITED NEWS INTERNATIONAL (UNI) — A “back-to-school” sign inside one Walmart store has sparked outrage. A photo of a banner hanging directly above a gun display circulated over social media on Aug. 9, drawing harsh criticism from customers. The sign read, “Own the school year like a hero.” Twitter and Reddit users slammed the retailer for … Continued

Blue Apron Sees Losses Ahead, Stock Slips

UNITED NEWS INTERNATIONAL (UNI) — Blue Apron may be in some hot water. Shares of the meal kit delivery company plummeted on Aug. 10 after it released its first earnings report as a public company. The results were mixed. Blue Apron posted a loss of 47 cents per share in its latest quarter. Wall Street was … Continued

Disney to Drop Netflix, Start Own Streaming Service

UNITED NEWS INTERNATIONAL (UNI) — The Walt Disney Co. plans to end its distribution agreement with Netflix. That means, starting in 2019, Netflix customers won’t be able to stream any of Disney’s new releases. Instead, Disney will offer its own direct-to-consumer streaming service. On Tuesday, Aug. 8, the entertainment company announced it’s buying a majority stake … Continued

Michael Kors Stock Rallies on Earnings Beat

UNITED NEWS INTERNATIONAL (UNI) — Michael Kors is doing something right. Shares of the luxury handbag maker surged after the company released its better-than-expected earnings results on Aug. 8. Michael Kors posted a profit of 80 cents per share in its latest quarter, topping the consensus estimate of 62 cents a share. Total revenue for the … Continued

Netflix Buys Comics Publisher Millarworld

UNITED NEWS INTERNATIONAL (UNI) — Netflix just made its first acquisition ever. The video streaming giant announced on Aug. 7 that it bought comic book company Millarworld. The publisher is responsible for a number of hit titles. “Kingsman: The Secret Service” inspired a 2015 movie, which grossed more than $414 million worldwide, according to Box Office … Continued

Google Fires Engineer Who Wrote Memo on Women in Tech

UNITED NEWS INTERNATIONAL (UNI) — Google takes action against an anti-diversity memo by one of its workers. On Aug. 7, company executives fired the male engineer who wrote a divisive 3,300-word manifesto, according to Bloomberg. Earlier on Monday, Google CEO Sundar Pichai sent a note of his own to employees that said portions of the engineer’s … Continued

Tesla Seeks $1.5 Billion Junk Bond Issue to Support Model 3

UNITED NEWS INTERNATIONAL (UNI) — Tesla is looking for a little help to ramp up production of its new Model 3 sedan. The electric carmaker announced on Aug. 7 that it would raise $1.5 billion in additional capital, but not in the same way it has in the past. Instead of selling more of its stock, … Continued

Prosecutors Seek 12-Year Jail Term for Samsung Heir

UNITED NEWS INTERNATIONAL (UNI) — South Korean prosecutors presented their closing argument on Aug. 7 in what some are calling the “trial of the century.” If they get their way, the heir to Samsung Group could get up to 12 years behind bars, according to Reuters. Samsung vice chairman Lee Jae-yong has been accused of playing … Continued

Mixbin Glitter iPhone Cases Recalled Over Chemical Burns Risk

UNITED NEWS INTERNATIONAL (UNI) — Some glitter iPhone cases are being recalled over a risk of chemical burns. The U.S. Consumer Product Safety Commission listed Mixbin Electronics liquid glitter iPhone cases as a recalled item on Aug. 1. The cases, sold by retailers like Amazon, Nordstrom Rack and Victoria’s Secret, to name a few, are being … Continued