Crocs stockholders aren't fans of the company's agreement to buy casual sandal brand Hey Dude for $2.5 billion, as shares on Thursday fell 11.6%, the most in a single day since April 2020.
Inside the deal: Crocs is trying to diversify beyond its trademark rubber clogs, which went from cool to uncool to cool again. Company sales for the third quarter were up 73% year-over-year, and shares hit an all-time high in early November.
A New York judge has upheld an earlier ruling barring the New York Times from publishing or covering documents written by a lawyer for the conservative group Project Veritas, the Times reported.
Why it matters: The ruling, which now also requires the paper to get rid of physical and electronic copies of the documents, is "a highly unusual and astonishingly broad injunction against a news organization," the paper said in a Friday editorial.
Tesla has agreed to modify a feature that lets drivers play video games on the front-center touch screen while the car is in motion, a National Highway Traffic Safety Administration spokesperson said Thursday.
Driving the news: The change came just a day NHTSA opened a probe into some Tesla models over the feature, known as Passenger Play, on the grounds that it "may distract the driver and increase the risk of a crash."
