Here is news about local businesses from the Business Journal:
Inside the Nike lawsuit: Allegations of groping, nude photos, ignored complaints Tue, 14 Aug 2018
A federal lawsuit filed against Nike Inc. last week gives the fullest picture yet of the toxic workplace behavior that is threatening to become the company's biggest scandal since it repeatedly batted away sweatshop criticisms in the 1990s.
The lawsuit, which seeks class action status, alleges "women's careers (at Nike) are blunted because they are marginalized and passed over for promotions."
"Nike judges women more harshly than men, which means lower salaries, smaller bonuses, and fewer stock…
Southwest Airlines suddenly grounds scores of planes due to aircraft weight issues Tue, 14 Aug 2018
Southwest Airlines (NYSE: LUV) abruptly grounded 66 Boeing 737 aircraft in its fleet last week after issues with the carrier’s aircraft weight records were discovered.
In an internal memo to employees on the matter that was obtained by the Chicago Business Journal, Southwest said: “Today we discovered the weights being sent to our Dispatch Operation did not match our other weight records for a number of aircraft in the fleet. As a result, and out of an abundance of caution, we have stopped…
Pride aside, locals take historical view of VF Corp.'s HQ move, spinoff Tue, 14 Aug 2018
Historical context often serves as a dam in the midst of an apparent crisis.
It is through that lens that local business leaders are viewing news of VF Corp.'s relocation of its headquarters from Greensboro to the Denver, Colorado, area.
And they have plenty of historical perspective to draw from, as the Triad has lost its fair share of headquarters through the years.
Take, for example, when Ross Johnson relocated the corporate headquarters for RJR-Nabisco to Atlanta in the mid-80s. Or when…
‘The Meg’ chomps Warner Bros.’ biggest box-office opening of the year Tue, 14 Aug 2018
Not since “Jaws” has a live-action shark movie terrified so many moviegoers.
“The Meg” took Hollywood by surprise with an estimated $44.5 million domestic opening over the weekend, with Deadline reporting the film’s final figure could top $45 million.
Going into the weekend, tracking had suggested that the Warner Bros. thriller, starring Jason Statham battling a giant prehistoric shark, would swim to half that. Instead, the studio, now owned by AT&T (NYSE: T), got its biggest opener of…
Here are the top 20 best-selling whiskey brands in America Tue, 14 Aug 2018
Americans sure love their whiskey. In the past year, U.S. whiskey sales have jumped 4 percent.
Yet, a big part of the growth belongs to higher-end brands. This includes whiskies such as Bulleit bourbon, Woodford Reserve bourbon, Wild Turkey bourbon and Jameson Irish Whiskey.
These four all posted double-digit sales growth in the past year, according to data from IRI, a Chicago-based market research firm (@iriworldwide).
Many of the top whiskey brands are no longer independent distillers, but…
How the VF Corp. HQ relocation to Denver happened Mon, 13 Aug 2018
The Colorado Economic Development Commission offered the company as much as $27 million in incentives to create 800 jobs over eight years at an average annual wage of $185,781 – the highest salary ever promised by a company receiving incentives in Colorado.
Greensboro leaders focus on silver lining in VF Corp's decision Mon, 13 Aug 2018
As VF Corp. (NYSE: VFC) announced on Monday that it will be relocating its global headquarters to Denver, local economic development, elected and business leaders reacted as they are prone to do – by looking for the silver lining.
In this case, that silver lining will be that Greensboro is poised to get a new publicly traded company comprised of the jeanswear businesses, uniting Wrangler with Lee, which would move 85 people from Kansas City to Greensboro. That will roughly offset the number of…
(Photos) Adventuress lists coveted West Coast waterfront estate for $35 million Mon, 13 Aug 2018
A postcard-perfect Medina waterfront property belonging to adventuress Pam Lyford is on the market for $35 million.
The luxury estate hasn't been available for almost 50 years.
The 1.9-acre property has 280 feet of prime, southwest-facing, no bank waterfront on Lake Washington. The 5,350-square-foot house is all on one floor, with three bedrooms and four baths. The house is extremely private at the end of meandering lane.
Lyford acquired the property in 1971. The avid boater and race car driver…