A second sweeping lawsuit has been filed against Nike Inc. in the wake of reports about a “boys’ club” culture at the sportswear company. This time, the lawsuit was filed on behalf of the company’s shareholders, not former employees. It targets Nike’s board of directors and co-founder Phil Knight. Knight stepped down from the board in 2016 but remains an emeritus director. The lawsuit also names departed Nike Brand President Trevor Edwards as a defendant along with CEO Mark Parker. Four law…

The California Public Utilities Commission is considering two versions of an “exit fee” that would be charged to customers in San Jose and other localities that set up community-owned electric systems that could be cheaper and cleaner than PG&E power.

Starbucks Inc. will open its third Reserve Roastery on Thursday – this time in Milan, Italy. Starbucks opened its Shanghai roastery in December. The opening in Italy is a milestone for former CEO Howard Schultz because it was in Milan where he was first inspired to turn Starbucks into what it is today. Schultz announced his retirement earlier this summer, but he is consulting for the coffee company through the opening of the Milan and New York roasteries. The Milan roastery will total 25,500…

Dr. Yong Shin knew he wanted to be a heart surgeon from the age of 11. Since 2009, he has served as chief of Cardiothoracic Surgery at Kaiser Permanente Sunnyside Medical Center, a top-ranked program in the U.S.

U.S. companies rebounded from a lackluster showing in the first quarter of the year with a surge in profits that’s expected to fuel even more economic growth in the months ahead. The Commerce Department reported this week that after-tax profits among U.S. companies jumped 16.1 percent on a year-over-year during the quarter that ended June 30, qualifying as the largest such increase since 2012. The boom was especially pronounced in the banking industry, which pocketed more after-tax profits than…

Recent changes that might increase federal tax bills for entrepreneurs and executives could turn the trickle out of California into a wave.