Business News Archives | Page 146 Of 161

Adidas’s German headquarters raided in connection with tax investigation

The “Arena” office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake. Daniel Karmann | Picture Alliance | Getty Images Adidas’s German headquarters were raided on Tuesday in connection with a years-long tax investigation, the company confirmed to CNBC in a statement. Authorities are investigating customs and […]

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From ‘Fortnite’ to ‘Hogwarts Legacy’: One university fuels Utah’s billion video game industry

From ‘Fortnite’ to ‘Hogwarts Legacy’: One university fuels Utah’s $2 billion video game industry

Business News

Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop. University of Utah This article is part of CNBC’s Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit and attracted capital, companies and employees. The

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Alaska Airlines plans new nonstop flights to Japan, Korea in billion postmerger profit push

Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push

Business News

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

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A Florida ‘condo cliff’ is coming as owners deal with fallout from 2021 Surfside collapse

Business News

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.

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Comcast shares tumble as executive calls broadband ‘intensely competitive’

Business News

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

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Hershey stock soars on report of another Mondelez takeover attempt

Business News

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

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Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring

Business News

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

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‘This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO

Business News

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

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CFPB sues Comerica Bank, alleging it failed to administer federal benefits program

Business News

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

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Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears

Business News

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 »

Adidas’s German headquarters raided in connection with tax investigation

From ‘Fortnite’ to ‘Hogwarts Legacy’: One university fuels Utah’s $2 billion video game industry

Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push

A Florida ‘condo cliff’ is coming as owners deal with fallout from 2021 Surfside collapse

Comcast shares tumble as executive calls broadband ‘intensely competitive’

Hershey stock soars on report of another Mondelez takeover attempt

Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring

‘This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO

Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears

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