Bloomberg Britain’s attempt to send the first satellites into orbit from its own soil failed, dealing a blow to its bid to join the ranks of space nations and sending shares of Richard Branson’s Virgin Orbit Holdings Inc. tumbling. A rocket launched from a Boeing 747 jumbo that took off from southwest England suffered a malfunction deep into the mission, ...

  Bloomberg Lululemon Athletica Inc. shares tumbled after the maker of fitness wear lowered its guidance for gross margin, stoking fears about profitability for a second-straight quarter. Gross margin is now expected to shrink by as much as 1.1 percentage point in the three-month period ending in late January, compared with a previous forecast for an increase of as much ...

  Bloomberg Former McDonald’s Corp Chief Executive Officer (CEO) Stephen Easterbrook agreed to pay $400,000 over allegations from US regulators that he failed to disclose improper relationships with employees at the company. The Securities and Exchange Commission (SEC) said that Easterbrook didn’t fully disclose violations of company policy leading up to his termination in 2019. The terms of his departure ...