Pedestrians sit at outdoor tables beneath McDonald’s branded parasols at a closed McDonald’s Corp. restaurant, the first to open in the Soviet Union, on Pushkin Square in Moscow, Russia. A...
Tag: Business
Lululemon footwear marks new product to take on Nike, Adidas
Lululemon CEO Calvin McDonald said that launching into shoes was the next natural step for the leggings maker. Source: Lululemon Lululemon is venturing into footwear, marking a new product category fo...
Boeing airplane deliveries slipped in February, Dreamliner problem lingers
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters Boeing delivered 22 jetliners to customers in February, its fewest sinc...
Crude oil jumps on report U.S. to ban Russian oil imports
A man pumps gas into his vehicle at a petrol station in Montebello, California on February 23, 2022, as gas prices hit over $6 dollars per gallon. Frederic J. Brown | AFP | Getty Images Oil prices jum...
Dick’s Sporting Goods (DKS) reports Q4 2021 earnings beat
Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported prof...
JetBlue founder’s startup Breeze Airways plans to nearly double its routes
David Neeleman, founder and chief executive officer of Breeze Airways, during a champagne christening before the airlines’s inaugural flight at Tampa International Airport (TPA) in Tampa, Florid...
Ukraine war is spurring Finland, Sweden to consider joining NATO
Russian President Vladimir Putin’s brutal campaign to deter Ukrainian admission to NATO has inadvertently boosted the military alliance’s popularity among other prospective member states. ...
Lego revenue jumped 27% in 2021, as kids and adults continue to build
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on Monday, March 7, 2022. Bloomberg | Getty Images Sales of Lego building kits continued to soar in 2021, a...
5 things to know before the stock market opens Monday, March 7
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures cut sharp losses as $130 crude comes a bit off the boil Traders work on the floor o...
Aston Martin inks deal to develop batteries with Britishvolt
The Aston Martin Rapide E electric vehicle on display at the Auto Shanghai 2019 show in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Aston Martin is to work with Britishvolt on the developme...
Russia-Ukraine war could cut auto production by millions of vehicles
The 111,111th Ford Transit car manufactured at the Ford Sollers car factory in the town of Yelabuga in Russia’s Republic of Tatarstan. Yegor Aleyev | TASS | Getty Images Russia’s invasion ...
U.S. far from normal with Covid deaths much higher than flu: report
Nurse practitioner Deborah Beauplan administers a COVID-19 swab test at a drive-thru testing site set up for Suffolk County, New York. Newsday | Getty Images The U.S. has a long way to go before the p...
Michael Kors-parent Capri Holdings ditches CEO succession plan; shares fall
Joshua Schulman is seen at Michael Kors intimate Cocktail Party in Celebration of his 40th Anniversary on September 23, 2021 in Milan, Italy. Victor Boyko | Getty Images Capri Holdings has ditched its...
Kohl’s Refines And Redefines Its Business During Annual Investor Day
Kohl’s Corp. continues to innovate with partnerships such as hookups with Amazon and Sephora. Getty Images Kohl’s Corp. is shrinking the box, going after the dress business and mining data science for...
NFL suspends Atlanta Falcons’ Calvin Ridley for 2022 season for betting on games
Calvin Ridley #18 of the Atlanta Falcons warms up prior to a preseason game against the Miami Dolphins at Hard Rock Stadium on August 21, 2021 in Miami Gardens, Florida. Michael Reaves | Getty Images ...
Bed Bath & Beyond, United, PVH and more
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in midday tr...
Moderna reaches preliminary agreement to build Covid vaccine manufacturing plant in Africa
A health official prepares a syringe with the Moderna Covid-19 vaccine prior to administering it during a mass Covid-19 vaccination drive in Nairobi on September 17, 2021. Simon Maina | AFP | Getty Im...
U.S. will defend NATO Baltic states against Russia, Blinken says
U.S. Secretary of State Antony Blinken delivers remarks to U.S. Embassy staff at the Vilnius Rotuse in Vilnius, Lithuania March 7, 2022. Olivier Douliery | Reuters Secretary of State Anthony Blinken o...
Levi Strauss suspends sales in Russia
Levi’s 501 blue jeans on display. Sean Gallup | Getty Images Levi Strauss announced Monday it will suspend sales in Russia in response to the country’s invasion of Ukraine. The apparel com...
Kohl’s (KSS) issues long-term financial targets at investor day 2022
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s, facing activist pressure to consi...
Berkshire Hathaway’s Market Cap Climbs. It Could Soon Overtake Tesla.
Text size Berkshire Hathaway currently is the sixth most valuable stock in the S&P 500. Photograph by Luke Sharrett/Bloomberg Tesla is the fifth most valuable stock in the S&P 500. But Warren ...
A surge in jet fuel prices threatens to overshadow post-pandemic travel rebound
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Airlines trying to claw their...
Ukrainian Entrepreneurs Struggle To Save Their Employees As War Threatens To Crush Their Businesses
Andrey Zdesenko, one of the top 100 richest people in Ukraine, is the founder of Biosphere Corporation, the largest manufacturer of household products in Ukraine. His company is now helping deliver ai...
Russian banks turn to China as Visa, Mastercard suspend business
Sberbank PJSC said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard Inc. suspended operations following the invasi...
How Disney has used food to elevate its theme parks
A sample of cocktails available onboard the Halcyon. Disney Thrill-seekers of all ages are excited to return to theme parks, but gravity-defying rides and immersive attractions aren’t the only t...
‘The Batman’ tallies $128.5 million domestic box office opening
Robert Pattinson stars in “The Batman.” Warner Bros. “The Batman” swooped into theaters this weekend, tallying the second-highest domestic opening of the pandemic era. The Warn...
McDonald’s declines to comment on war, has exposure in Russia
A McDonald’s restaurant in Moscow. Andrey Rudakov | Bloomberg | Getty Images U.S. fast-food chains have limited exposure to Russia and Ukraine, but McDonald’s is under the most pressure, a...