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With Q4 profit up, Wolverine focusing on omnichannel and global expansion
Rockford, Mich. -- Wolverine Worldwide posted fourth-quarter net income of $10.7 million, following a $1.7 million loss for the year-ago period. The company said it is increasing its brand-building investments in 2015, focusing on omnichannel initiatives and international expansion.
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Regulations may ground Amazon.com's drones
A new set of stiff federal regulations reportedly may limit or even scuttle Amazon.com’s plans for a drone-based aerial delivery service.
The Federal Aviation Administration (FAA) says operators of unmanned commercial aircraft, which would include Amazon drones, must keep the craft in their line of sight and not fly them over people. The FAA is currently consulting with individuals and interested parties about drone regulations, and has said it is willing to be flexible in how rules are written and implemented.

