People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it had a position in Macy’s and was looking for the company to cut spending, weigh the sale of its luxury brands and take a hard […]
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing. Source: NYPD UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company. But Thompson’s death this week in the heart of corporate America’s capital has sent
A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty Images The Consumer Financial Protection Bureau filed a complaint Friday against Comerica Bank, accusing the regional bank of failing to administer a federal benefits program that uses prepaid debit cards. The lawsuit claims Comerica
CFPB sues Comerica Bank, alleging it failed to administer federal benefits program Read More »
Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion, compared
Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears Read More »
Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. The yoga pants company on Thursday beat Wall Street’s expectations on the top and bottom lines and said it’s “pleased” with the start to the holiday season. Here’s how
Lululemon’s international growth helps to offset slowing U.S. sales Read More »
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Some U.S. developers are knocking down department stores like Macy’s or JCPenney and
Nadia Milleron, whose daughter Samya Stumo, was killed in the crash of Ethiopian Airlines Flight 302, holds a sign of crash victims behind Dennis Muilenburg, foreground, CEO of Boeing, during the Senate Commerce, Science and Transportation Committee hearing in Hart Building on aviation safety and the future of the Boeing 737 MAX on Tuesday, October
Court rejects Boeing plea deal tied to 737 Max crashes Read More »
BATON ROUGE, LOUISIANA – NOVEMBER 9: Flau’jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images) Reagan Cotton/lsu | University Images | Getty Images Flau’jae Johnson has a lot
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said fourth-quarter unit revenue will likely rise between 5.5% and
Southwest, American raise sales outlooks, shares jump Read More »
American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. Shannon Stapleton | Reuters American Airlines has inked a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays. The airline said Wednesday that
American Airlines chooses Citi as sole credit card partner, drops Barclays Read More »
