Lands' End CEO charts course for comeback

Newly independent Lands' End is worth less than half what Sears paid for it in 2002, and CEO Federica Marchionni says the company's comeback plan includes building a "global lifestyle brand" focused on timeless wardrobe staples rather than fast fashion.

Summer programs ease transition into high school
U.S. News & World Report

Some school districts have introduced summer bridge programs to help ease the transition from middle to high school. This article discusses other strategies schools can consider, including launching "freshmen-only" first days of school and tapping upperclassmen to help welcome the freshmen.

How CFOs can keep pace with corporate finance's evolution

Change is coming to almost every area of corporate finance, including earnings calls, data privacy and debt financing. Experts discuss issues they see as most important and offer tips for modern CFOs.

Breakfast pulls in patrons, boosts consumer spending at restaurants

Foodservice industry traffic has hit a six-year high, and consumer spending at restaurants is up 3% from last year, according to The NPD Group. Morning meals continue to be the fastest-pace growth area for foodservice outlets, with a 4% hike in visits for breakfast.

Stomach-filling balloon gets FDA OK as weight-loss aid

The FDA approved Reshape Medical's inflatable stomach-filling balloon to aid weight loss in obese adults with at least one comorbidity who have been unsuccessful using diet and exercise alone. Data from the company's clinical trials showed people who got the balloon lost about 7% of their total body weight over six months but more than two-thirds gained it back after the device was removed.

Technology taps mobile for large common displays

Large surfaces such as walls, tables or other areas could serve as displays from mobile and connected devices with technology under development at Fujitsu Laboratories. Multiple users could access the system, displaying images on common spaces as well as individual screens.

Nordstrom to expand partnership with J.Crew's Madewell

Nordstrom said it will add J.Crew's Madewell clothing brand at another 15 stores, doubling the number of Nordstrom locations carrying the brand. Madewell stores, a 78-year-old label acquired by J.Crew in 2006, also operates a chain of stand-alone stores that saw same-store sales increase by 12% in the first quarter of 2015, even as the J.Crew brand saw same-store sales fall by 10% in the same period.

Motorola unveils large-screen Moto X, new Moto G

Motorola will release a pair of new Moto X and Moto G phones in the U.S. and a third handset that it will limit to overseas sales, the Lenovo unit said Tuesday. The new $399 Moto X Style -- which will be marketed as the Moto X Pure Edition in the U.S. -- will run on any network and feature a 5.7-inch display. A revamped Moto G, Motorola's most popular phone, will cost $180.

Merck to acquire cCAM Biotherapeutics

Merck will purchase cCAM Biotherapeutics in a deal worth $605 million. The deal boosts Merck's immunotherapy pipeline, giving it access to cCAM's monoclonal antibody, CM-24, which is in an early-stage trial as a treatment for advanced or recurrent cancers. Under the terms of the agreement, Merck will purchase all outstanding cCAM stock in exchange for a $95 million upfront cash payment, and shareholders of cCAM will receive up to $510 million in potential milestone fees.

Verizon partners with HBO Now for broadband, new mobile service
Multichannel News

Verizon Communications and HBO Now have signed a multiplatform deal that will allow the telecom to offer the streaming video service to more than 100 million digital customers, as well as to non-Verizon mobile device owners. Verizon will offer HBO on its mobile-first video service and to stand-alone broadband customers for $15 a month.

Study says nation's capital is sinking

Research by the University of Vermont, the U.S. Geological Survey and others shows that Washington, D.C., is expected to sink 6 inches or more during the next century. The study, published in the journal GSA Today, shows that the water level around the Chesapeake Bay "is rising at twice the global average rate and faster than elsewhere on the East Coast." The researchers attribute the subsidence to "forebulge collapse" -- land returning to its normal level after having been raised by an ice sheet thousands of years ago.

Hoeven: Obama will deny permit for Keystone XL

President Barack Obama is expected to reject the Keystone XL pipeline during Congress' August recess, Sen. John Hoeven, R-N.D., said Tuesday, citing unnamed sources. "That's understandable, because he's making a political decision rather than a decision based on the merits," Hoeven said. He added that he is likely to offer an amendment authorizing the project to an existing energy bill.

TSA to tighten passenger screening

Transportation Security Administration Administrator Peter V. Neffenger said the agency will improve operations by retraining airport screeners, keeping better track of airport IDs and reducing the use of PreCheck lanes by travelers not enrolled in the program.

Residence Inn launches Mix program to attract millennials
Business Insider

Residence Inn has launched the Mix program to attract millennial customers to its Boston; Los Angeles; Austin, Texas; and Washington, D.C., locations The program uses Blippar, a mobile app that allows users to play trivia games, pair food and beer and customize selfies by pointing the app at "blipapple" coasters. The properties also feature local food trucks three nights a week. "Younger travelers want variety and sometimes want to relax and stay in rather than fight their way into the trendiest bar or restaurant in the city," says Diane Mayer, vice president and global brand manager of Residence Inn.