Business

Business

Michelin sells Russian division, exits country amid war

Check out what’s clicking on FoxBusiness.com French tire manufacturer Michelin has sold off its remaining assets in Russia and abandoned the country’s market. Michelin is selling its Russian branches to Power International Tires LLC. The tire company announced its exit from the Russian market on Friday. “After suspending its industrial …

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Gap shares jump on surprise quarterly profit

Check out what’s clicking on FoxBusiness.com Gap says restructuring efforts and easing supply chain costs led to a surprise profit in the first quarter. Investors liked the news, sending shares of the retailer rising more than 12% on Friday. Executives said the company spent less on salaries and other operating …

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Celtics co-owner gives $1,000 to each UMass Boston graduate

Check out what’s clicking on FoxBusiness.com Graduates of UMass Boston will start their post-college careers with a head start.  Rob Hale, a billionaire who joined the Boston Celtics‘ ownership group in 2012, surprised University of Massachusetts Boston undergraduates with a gift during their commencement ceremony Thursday.  The Boston Celtics logo …

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