6 Most Important Things in Business Today
After many years of pressure from investors, Avon Products Inc. (NYSE: AVP) CEO Sheri McCoy will retire.
Toyota Motor Corp. (NYSE: TM) and Mazda will fund at $1.6 billion plant in the United States, according to CNBC.
A New York Times reports says that Uber rented 1,000 unsafe cars to its drivers in Singapore.
According to the AP, Dunkin’ Brands Group Inc. (NASDAQ: DNKN):
Dunkin’ is thinking about dumping “Donuts” from its name.
A new location of the chain in Pasadena, California, will be simply called Dunkin’, a move that parent company Dunkin’ Brands Inc. calls a test. The Canton, Massachusetts-based company said Thursday that a few other stores will get the one-name treatment too.
The chain wants people to think of its stores as a destination for coffee, although it will still sell doughnuts. Dunkin’ Donuts said it won’t make a decision on whether it will change its name until late next year, when it expects to start redesigning stores.
Gannett Inc. (NYSE: GCI) and Tronc Inc. (NASDAQ: TRNC) each posted earnings that showed revenue declines from last year’s quarter. The news was evidence that the newspaper industry continues to fight for a recovery.
Time Inc.’s (NYSE: TIME) Sports Illustrated will start a modeling agency to expand its franchise. According to The New York Post:
Sports Illustrated is going into the modeling business.
It is part of the launch of Sports Illustrated Swimsuit Enterprises, a branding and licensing venture announced this week by the Time Inc. title, which hopes to turn the popular swimsuit issue that hits in mid-February into a year-round enterprise to offset declines in SI’s print ad business.
As part of the move into modeling, SI, after a casting call in Miami, inked deals with 15 undiscovered women, it said.
They will work to promote the swimsuit issue year round.
SI had already revealed it was going into its own high-end swimwear line — a licensing partnership with Raj Swim that will be officially unveiled early next year.