Roger Federer Signs Deal With Uniqlo

Tennis superstar Roger Federer revealed to the world on Monday that he will not be re-signing with Nike; instead, he will join forces with Japanese apparel company Uniqlo. Federer walked onto Wimbledon court during his first match on Monday sporting a Uniqlo wristband, headband, shirt, shorts, and socks. In fact, the only piece of apparel that didn’t contain the Uniqlo logo were his shoes, which were his custom RF Nike shoes. Uniqlo does not manufacture tennis shoes (for now), so Federer will likely continue to rock his old Nike threads until…

Lyft Acquires Bike-Sharing Company Motivate

Lyft announced on Monday that it will acquire bike-sharing giant Motivate for an undisclosed amount. Motivate is the parent company of popular bike-sharing networks such as Citi Bike in New York and the Bay Area, and Capital Bikeshare in Washington, D.C. The acquisition comes at a time when Lyft is strategically trying to shift gears (pun intended) with its ride-sharing options. The company wants to diversify its clientele, which has been demonstrated by new developments like Lyft Line, where people can share rides for a cheaper price. Adding bicycles to…

Steel manufacturer invests in new factory following Trump tariffs

In March, President Trump imposed a 25% tariff on imported steel, hoping to bolster US manufacturing. JSW Steel USA may finally be the saving grace to his policy, as it invests $500 million in a new US manufacturing plant. The Indian-owned company will not only invest half a billion dollars in the new factory, but it will also allocate another $500 million to revamp one of its old US factories in Baytown, Texas. The new factory will be an Acero Junction factory in Mingo Junction, Ohio, which it will acquire…

MoviePass will sell bonds to help its survival

In order to help its subsidiary survive, Helios and Matheson unraveled a $164 million bond sale for MoviePass. MoviePass, a company that allows customers to see a movie a day for just $10 a month, has struggled significantly since Helios and Matheson purchased it in 2017. Although MoviePass has three million customers, the company faces significant long-term dangers. Further, after its Q1 reporting, MoviePass revealed that it has roughly $15.5 million in cash and $28 million in bank deposits. However, its monthly expenses value at a steep $21.7 million, which…

Disney Increases Bid for Fox

Disney raises the stakes   Disney recently increased their bid to acquire 20th Century Fox, giving them an edge over Comcast. Disney originally locked in a bid of $52.4 billion for Fox, but after a judge approved the AT&T-Warner deal, Comcast rebutted with a $60 billion offer. After the ruling, the world anticipated a bidding war between media-giant Disney and media-distributor Comcast – and sure enough, they did not disappoint. The most recent development in the battle for Fox came this week as Disney upped its offer to $71.3 billion. Additionally,…