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Amazon.com’s battle against product recalls continues

Bloomberg A US safety regulator’s decision to sue Amazon.com Inc could bring clarity to a question that has long befuddled courts and state legislatures nationwide: Who is responsible when a product bought from the world’s largest online retailer hurts or kills someone? In recent years, dozens of people who say they were harmed by products, such as exploding hoverboards, defective ...

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Nike, Adidas output snarled as Covid shuts Asian factories

Bloomberg Some of the world’s biggest footwear and garment companies are seeing production pinched as factories in Southeast Asia struggle to keep the lights on amid one of the world’s deadliest Covid-19 resurgences. A number of firms that churn out products for global giants like Nike Inc and Adidas AG have reported plant suspensions in Vietnam over the past few ...

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Kimberly-Clark slides as inflation hurts demand

Bloomberg Kimberly-Clark Corp’s shares fell after the maker of household supplies missed Wall Street’s expectations for second-quarter earnings and trimmed its annual forecast, saying inflationary pressures and slowing toilet paper demand are hurting results. Profit this year will be $6.65 to $6.90 a share, the company said in a statement, down from a prior expectation of as much as $7.55. ...

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