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Bloomberg Dick’s Sporting Goods is choosing to end its partnership with the United States Olympic Committee when their contract expires this month, a decision that comes as Team USA continues to deal with fallout from the a scandal surrounding former gymnastics doctor Larry Nassar. The company cited “a new investment focus” in a statement and didn’t mention Nassar. The decision ...

Bloomberg It’s been a big year for the companies that sell coffee, but not so much for the growers that supply them. That could start to change in 2019. Historically low prices for coffee beans in 2018 will likely reduce the incentive for farmers to expand supplies, said Rodrigo Costa, the US-based coffee director for Brazilian trading company Comexim. That ...

Bloomberg Canada Goose Holdings Inc rose 6 percent in early trading before US markets opened after the company opened its flagship store in Beijing over the weekend. The store had been delayed since December 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s chief financial officer in Vancouver. The luxury jacket maker is expanding ...

Bloomberg Japanese prosecutors extended Carlos Ghosn’s stay in jail for 10 more days, another setback for the fallen auto executive who has sought bail to start mounting his defense in the case that has shocked the global car industry. A Tokyo court approved the extension of detention until January 11, The Foreign Press in Japan said in a statement on ...

Bloomberg China has approved 80 new video game titles in the first batch of licenses granted by the media regulator after the end of a nine-month freeze. The initial games were mostly local, mobile titles and didn’t include any from industry giants Tencent Holdings Ltd. or Netease Inc. The notice of approvals was posted online by the State Administration of ...

Bloomberg Chinese companies spent far less on German firms in the second half of this year as Chancellor Angela Merkel’s government moved to tighten its grip on foreign investment, according to data compiled by business services provider Ernst & Young. Chinese investment in German takeovers or in stakes in German companies plunged to $311 million during the period from almost ...

Bloomberg Tesla Inc. is getting ready to break ground on its factory and Chief Executive Officer Elon Musk can’t wait to visit. “Looking forward to visiting soon for the groundbreaking of Gigafactory Shanghai,” Musk wrote in a tweet. He didn’t provide a date for the visit. The China plant would be a significant milestone for the battery-car manufacturer as it ...

Bloomberg China heads into the new year with its factories back in contractionary territory as the threat of a prolonged trade war dampens sentiment and stimulus struggles to gain traction. The manufacturing purchasing managers index dropped to 49.4 in December, the weakest since early 2016 and below the 50 level that denotes contraction. Measures of new orders and new export ...

Bloomberg Canadians will start paying a carbon tax in what is set to be a key political battleground of the 2019 election. From January 1, Justin Trudeau’s government will start rolling out a “backstop” price on provinces that don’t have their own levies on emissions. That includes Ontario, an industrial heavyweight whose populist premier scrapped an existing plan, setting up ...

Bloomberg Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas. Changes in Texas job growth tend to lag big moves in the crude price by about six months, according to a report. With the average price of West ...