Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives […]
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings that are at least 30 years old, as was the Champlain tower that fell, have to undergo special inspections, make repairs and gather reserve funds for future maintenance.
View from behind a Comcast truck parked on a residential street in Lafayette, California, on Sept. 28, 2021. Smith Collection/gado | Archive Photos | Getty Images Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively
Comcast shares tumble as executive calls broadband ‘intensely competitive’ Read More »
The logo of Hershey’s in Manhattan on Sept. 16, 2023. Michael Kappeler | Picture Alliance | Getty Images Shares of Hershey climbed as much as 15% during Monday morning trading after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company. Hershey’s stock has risen 7% this year, raising its market cap to
Hershey stock soars on report of another Mondelez takeover attempt Read More »
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
