Breaking News: Business Archives | Page 112 Of 114

Ford to halt production of electric F-150 Lightning next month until 2025

Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks. The […]

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Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

Business News

The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024. Spencer Platt | Getty Images Merck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business. But

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Comcast is exploring separation of cable networks business

Business News

Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.” The possible separation would not include broadcast network

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7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain

Business News

Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some easy tweaks to its U.S.

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Starbucks’ plan to return to its roots involves 200,000 Sharpies

Business News

Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022. Carlo Allegri | Reuters Starbucks CEO Brian Niccol said the coffee chain plans to buy roughly 200,000 Sharpie markers as part of his plan to take the coffee chain back to its roots. He’s betting that more personal touches —

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Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO

Business News

Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services,

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Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

Business News

A Peloton bike is displayed at a Dick’s Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty Images Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in costs and looks to improve the unit economics behind

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Uber reports third-quarter results that beat Wall Street’s revenue expectations

Finance News

Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market

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Here’s what to know before Comcast reports third-quarter earnings

Business News

NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both broadband and streaming platform Peacock. Investors in recent quarters have homed in on the broadband

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Starbucks will stop charging extra for dairy substitutes

Business News

Starbucks offers oat milk as a dairy-free option. Source: Starbucks Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from customers to eliminate the extra fee, especially as milk alternatives

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Ford to halt production of electric F-150 Lightning next month until 2025

Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

Comcast is exploring separation of cable networks business

7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain

Starbucks’ plan to return to its roots involves 200,000 Sharpies

Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

Uber reports third-quarter results that beat Wall Street’s revenue expectations

Here’s what to know before Comcast reports third-quarter earnings

Starbucks will stop charging extra for dairy substitutes

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