Business News Archives | Page 108 Of 127

Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company rose 8% in premarket trading. Here’s […]

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How Vuori reached a .5 billion valuation by taking share from Lululemon

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

Business News

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million

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American homeowners are wasting more space than ever before

Business News

Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of

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Why Americans are outraged over health insurance — and what could change

Business News

A person holds a sign while standing on the roadside near the McDonald’s restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew Hatcher | Reuters The deadly, targeted shooting of UnitedHealthcare CEO Brian Thompson has

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Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model

Business News

2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric trucks. The decision to delay the full battery-electric model, which had already been postponed from this

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U.S. auto sales next year expected to be best since 2019

Business News

A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters DETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to industry analysts. Cox Automotive expects new light-duty vehicle sales to

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Merck to develop weight loss pill from Chinese drugmaker in up to billion licensing deal

Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal

Business News

Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey. Spencer Platt | Getty Images Merck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to $2 billion. The oral drug has not yet

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From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts

Business News

Zoom In IconArrows pointing outwards The Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family. Courtesy: Mike Milam For the holiday season, the front lawn of the Milam family’s house in Dallas has transformed into a mini golf winter

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Japan’s Honda and Nissan to reportedly begin merger talks

Business News

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via Reuters DETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly

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Grubhub to pay million in FTC settlement over harmful practices against diners, workers

Grubhub to pay $25 million in FTC settlement over harmful practices against diners, workers

Business News

An App-based delivery worker waits outside of a restaurant that uses app deliveries on July 07, 2023 in New York City. Spencer Platt | Getty Images Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over allegedly unlawful practices that harmed diners, workers and

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Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

American homeowners are wasting more space than ever before

Why Americans are outraged over health insurance — and what could change

Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model

U.S. auto sales next year expected to be best since 2019

Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal

From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts

Japan’s Honda and Nissan to reportedly begin merger talks

Grubhub to pay $25 million in FTC settlement over harmful practices against diners, workers

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