The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz’s attempt to join its board. Disney also named Mark Parker, the executive chairman of Nike, its next...
Tag: Breaking News: Business
FAA system outage disrupts thousands of flights across U.S.
Thousands of flights across the U.S. were delayed Wednesday after a Federal Aviation Administration pilot-alert system failed overnight, prompting a nationwide halt to departures. The FAA lifted the g...
ABL Space inaugural launch fails, damages Alaska launch pad
The company’s RS1 rocket lifts off on its inaugural launch attempt from Kodiak, Alaska on Jan. 10, 2023. ABL Space The first mission by ABL Space got off the ground on Tuesday, but the company&#...
Bed Bath & Beyond jumps 50% to lead ‘nonsense’ rally in meme stocks; AMC gains 15%
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images A group of highly speculative stocks r...
WWE co-CEO Stephanie McMahon steps down as Vince McMahon returns
LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images Ste...
Bed Bath & Beyond lays off more employees as it struggles to survive
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond has begun its la...
Disney makes it easier for loyal customers to visit theme parks
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Disney is making some changes at its theme parks this year, prompted by feedback from guests...
Bed Bath & Beyond (BBBY) Q3 2023 earnings
A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Ziyu Julian Zhu | Xinhua News Agency | Getty Images Bed Bath & Beyond on Tuesday posted wider quarterly losses than exp...
Virgin Orbit stock plummets after UK launch failure
Cosmic Girl, a Virgin Boeing 747-400 aircraft sits on the tarmac with Virgin Orbit’s LauncherOne rocket attached to the wing, ahead of the first UK launch tonight, at Spaceport Cornwall at Newqu...
Bernie Sanders urges Moderna not to hike vaccine price
Sen. Bernie Sanders on Tuesday urged Moderna not to quadruple the price of its Covid-19 vaccine once distribution of the shots moves to the commercial market. In a letter to Moderna CEO Stephane Bance...
Maverick, Disney won 2022 box office crown
Tom Cruise in “Top Gun: Maverick” Source: Paramount “Top Gun: Maverick” was the highest grossing theatrical release in 2022, but its $719 million haul wasn’t enough to ma...
Capella Space raises $60 million from billionaire Thomas Tull’s fund
A satellite image taken at night on Nov. 14, 2022 of NASA’s Artemis I mission before launch from Cape Canaveral in Florida. Capella Space San Francisco-based satellite imagery specialist Capella...
Patients would pay up to $26,500 per year for Leqembi
Few seniors with early Alzheimer’s disease will have access to the new treatment Leqembi due to its high cost and very limited coverage by Medicare. The Food and Drug Administration on Friday gr...
Used vehicle prices are falling but not enough to offset record highs
A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle prices ar...
Disney CEO Bob Iger tells employees to return to the office four days a week
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney CEO Bob Iger told hybrid ...
Airline perks and elite status will be harder to earn this year
The new Delta SkyClub at Los Angeles International Airport (LAX), Terminals 2 and 3 where the reimagined state-of-the-art facilities will soon welcome millions of guests each year. Media News Group | ...
Who would buy WWE, as McMahon returns to board to pursue sale
World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty ...
America’s top 10 bestselling cars of 2022: Tesla makes the cut
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT —...
Some restaurant workers could see big wage growth in 2023
Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike th...
McDonald’s plans reorganization, job cuts as it accelerates restaurant openings
Noam Galai | Getty Images Entertainment | Getty Images McDonald’s is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris ...
Macy’s warns holiday-quarter sales will come in light
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers...
2022 U.S. auto sales are worst in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a dec...
Ram previews new electric pickup to rival Ford, Rivian
Ram 1500 Revolution BEV electric concept truck Stellantis Ram Truck previewed its upcoming electric pickup Thursday at the CES technology show, as the automaker plans its entrance into the emerging se...
Bed Bath & Beyond warns of potential bankruptcy
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond warned Thursday it’s running out of cash and is cons...
CVS and Walgreens will sell mifepristone in pharmacies
Mifepristone (Mifeprex), one of the two drugs used in a medication abortion, is displayed at the Women’s Reproductive Clinic, which provides legal medication abortion services, in Santa Teresa, ...
Ford pickup truck sales in December help narrow overall sales decline
2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight ...
Walgreens Boots Alliance (WBA) Q1 earnings 2023
Walgreens Boots Alliance on Thursday reported fiscal first-quarter earnings that beat Wall Street’s estimates after an early flu season boosted demand for cough and cold medicine. The company sa...
Online sales jump 3.5%, boosted by discounts
D3sign | Moment | Getty Images Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up...
Omicron XBB.1.5 is most transmissible subvariant, WHO says
XBB.1.5 strain, January 4, 2023, Suqian, Jiangsu, China. CFOTO | Future Publishing | Getty Images The XBB.1.5 omicron subvariant that’s currently dominating the U.S. is the most contagious versi...
Rivian stock hits 52-week low after company misses 2022 production target
Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a ...
General Motors (GM) sales Q4 2022
2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales...
Southwest Airlines cancellations abate after holidays but costs pile up
Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty...