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Hanesbrandsshares plunged asmuch as16% after the company reporteda reviewof its business and a slump in sales at a timewheneveryone’swearing sweatpants. ThemakerofChampion athletic gear sawrevenue for theU. S. activewear segmentdecline41% during the thirdquarter. Hanes is nowlaunching an“in- depthbusiness review” to prepare a long- termgrowth strategy, the company said.

Lufthansasaid it needs to double operations fromcurrent levels if it’s to stemlosses. Europe’s biggest airline probablywon’t hit that level until the second halfof2021, meaning itmust step upefforts to cut cash burn to avoid an equity raise before nextsummer. Lufthansa said the operating cash drain will be limitedto about$ 411million a monththis quarter. It had planned to trim the figure to no less than$ 472million for the winter.

TheNewYorkTimessaid it doesn’t expect an encore to itsdramatic2020 subscribergains. TheTimes added 393,000 online subscribers in the third quarter, thankspartly to a heavynews cycle. Digital- only subscription revenue exceeded print subscription revenue for the first time. Total advertising revenue is expected to decline30% next quarter, the samepercentage it fell last quarter.

Nintendo’s fiscal first- half profitmore than tripled aspeople passed time while stuck athomeduring the pandemic playing games. Profit for the sixmonths throughSeptembersoared to$ 2billion, up from$ 600million ayearago. Sixmonthsales soared73% to%$ 7.4 billion.

Nintendo saidmore than5million units of “Super Mario3DAll- Stars” gamesoftware for the NintendoSwitchwere soldduring the period, aswell as nearly3million units of“Paper Mario: The Origami King.”

Alibaba, China’s biggest e- commerce firm, reporteda30% jump in quarterly revenue to $ 23.4 billion. Its profitwas down60%, comparedto the sametime last year, to $ 4.4 billion. The company reported a one- time gain after it took a33% stake in its financial affiliateAnt Group. The company sawits stock plunge nearly10% inHongKong onWednesday, following a8.1% fall inNewYorkon Tuesday, after Chinese regulators on suspended the initial publicoffering ofAnt Group on the Shanghai stockmarket just days before its trading debut.

KOJI SASAHARA / ASSOCIATED PRESS Nintendo, the Japanese company behind SuperMario and Pokemon video games, reported Thursday that its fiscal first- half profit more than tripled as people passed timewhile stuck at home during the pandemic playing games.