Category Business

“Well, Felix, this elects me.” The speaker was Franklin Delano Roosevelt, who was at home in Albany with his friend and advisor Felix Frankfurter, monitoring radio reports of a political disaster unfolding in Herbert Hoover’s Washington. It was 1932. Hoover…

Lululemon Athletica Inc. cut its full-year outlook Thursday as its CEO admitted the company has grappled with some “missed opportunities” in its womenswear business. The Vancouver-based apparel company’s new guidance shows it expects to end the fiscal year with net…