NFL owners allow private equity firms to buy up to 10% of clubs for first time

The National Football League approved new rules on Tuesday that will allow team owners to sell parts of their franchises to private equity firms, raising the possibility of a windfall that could add billions of dollars to the value of clubs. The NFL's 32 owners voted for the measure at a special league meeting in […]

Temu owner’s shares plummet 30% as fast-fashion competition intensifies

Shares in PDD Holdings, the parent company of Chinese e-commerce giant Tem, fell nearly 30% on Monday after the company warned that growing competition in the fast fashion sector could cause profits to fall. PDD co-founder Lei stressed that the company’s current growth is not sustainable as it battles with rivals such as Shein, Bytedance’s […]

Ford, Mazda warn owners to stop driving older vehicles with Takata air bag

Ford and Mazda are warning people not to drive more than 475,000 older vehicles in the United States because they contain dangerous Takata airbag inflators that have not been replaced. The warning issued Tuesday applies to more than 374,000 Ford, Lincoln and Mercury vehicles from the 2004 to 2014 model years, and about 83,000 Mazda […]