Breaking News: Business
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
A pedestrian walks past a Michael Kors store on August 10, 2023 in Chicago, Illinois. Scott Olson | Getty Images Capri and Tapestry called off their merger on Thursday after the megadeal was blocked by the Federal Trade Commission. The two U.S.-based luxury houses “mutually agreed” that terminating the merger was in their best interests […]
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Here’s what to expect when Disney reports before the bell
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall […]
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Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated […]
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VW’s $5.8 billion investment in Rivian isn’t guaranteed. Here are the milestones the EV maker needs to hit
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced […]
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Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty Images Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month […]
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Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
John Malone, Liberty Media Scott Eells | Bloomberg | Getty Images Liberty Media announced Wednesday it’s spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. Chairman John Malone will become interim CEO of Liberty Media. Maffei […]
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Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
The storefronts of Dolce & Gabbana, Tiffany & Co. and Patek Philippe are seen as people enter Icon Siam, a luxury shopping mall located on the Chao Phraya River, on June 12, 2024 in Bangkok, Thailand. Lauren Decicca | Getty Images News | Getty Images The personal luxury goods market looks set to face its […]
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Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago. Its net loss also increased year-over-year, to $51.9 million […]
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Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The companies in […]
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Hedge funds performed better under Democratic presidents than Republican ones, history shows
Delivering Alpha Hedge funds performed better under Democratic presidents than Republican ones, history shows Published Tue, Nov 12 20243:17 PM ESTUpdated 24 Min Ago Leslie Picker@LesliePicker WATCH LIVE Source
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