Bloomberg Lululemon Athletica Inc. plummeted as much as 18 percent in late trading after the yogawear company’s forecast missed estimates, renewing concern that demand for athletic gear is wavering. The company expects earnings of $2.26 to $2.36 a share this year, well below the $2.56 projected by analysts. Its revenue forecast also came in light of predictions. Lululemon’s woes ...

  Bloomberg Amazon.com Inc. is closing Diapers.com, Soap.com and other sites it purchased for about $545 million in 2011 to eliminate a dogged competitor and gain e-commerce customers. The online retailer said it’s shutting Quidsi, the unit that ran the websites, because it couldn’t make a profit. But e-commerce analysts said Amazon probably intended to eliminate the sites as stand-alone ...

  Abu Dhabi / Emirates Business The highly-anticipated rollercoaster ‘Turbo Track’ was officially launched at Ferrari World Abu Dhabi yesterday. The latest heart-pounding ride burst into life at a high-profile, inaugural event attended by His Excellency Mohamed Khalifa Al Mubarak, Chairman of Miral, Mohamed Abdalla Al Zaabi, CEO of Miral and Luca Fuso, Ferrari’s Chief Brand Officer, along with a ...