Breaking News: Business
Outgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there’s ‘pain to come’ as linear TV gives way to streaming
Charter Communications Chief Executive Officer Tom Rutledge will be stepping down as the company’s CEO on Dec. 1. He will remain as executive chairman until November 2023, when his contract expires. Rutledge referred to his decision to leave as “retirement,” but the 70-year-old executive, who has been in the industry for 50 years, told CNBC […]
Read More
Moderna shares plummet after Covid vaccine maker lowers 2022 sales outlook
A vial of the Moderna coronavirus disease (COVID-19) booster vaccine targeting BA.4 and BA.5 Omicron sub variants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, September 8, 2022. Hannah Beier | Reuters Moderna on Thursday lowered its 2022 sales guidance for its Covid-19 vaccine after missing Wall Street expectations for the third quarter. The Boston […]
Read More
Restaurant Brands’ earnings top estimates as sales rise at Burger King, Tim Hortons
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by sales growth at Burger King and Tim Hortons. Shares of the company were flat in premarket trading. […]
Read More
The most significant U.S. airways are negotiating pilot contracts, and talks are turning rocky
Delta Airways pilots make their way to Terminal 4 to picket for a new agreement at JFK Intercontinental Airport on September 01, 2022 in New York Town. Michael M. Santiago | Getty Photographs U.S. airways are rewarding again, and their pilots want a bigger slice of the industry’s recovery. The greatest airlines in the state […]
Read More
Want to are living in a van down by the river? Ford has a new motor vehicle for that
Ford states Transit Path proprietors will have accessibility to the Ford Professional network of upfitters and inside installers to make the inside area they drive. (Preproduction design proven with aftermarket gear.) Ford DETROIT — Ford Motor wishes to make “living in a van down by the river” a bit much more relaxed than late comedian […]
Read More
WWE ends investigation into alleged misconduct by Vince McMahon
World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. “The Special Committee investigation is now complete and the Special Committee has been disbanded,” the company said in a securities filing. “Management is working with the Board of Directors to implement the recommendations […]
Read More
Boeing forecasts jump in aircraft deliveries, up to $5 billion in free cash flow next year
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing is planning to ramp up production and deliveries of new aircraft, propping up its forecast for higher cash in 2023, […]
Read More
American Airlines pilots’ union rejects new contract proposal
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines pilots’ union on Wednesday said its board of directors rejected a tentative agreement for a new contract, the latest in a series of setbacks in labor talks across major U.S. airlines. The Allied Pilots Association, which represents roughly […]
Read More
Washington Commanders owner Dan Snyder hires Bank of America to explore possible sale
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. Rob Carr | Getty Images Washington Commanders owner Dan Snyder has hired Bank of America to […]
Read More
Paramount Global shares slide as results miss and TV revenue falls
Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its shares were down about 10% on Wednesday. Here’s what the company reported compared with analysts’ expectations, according to Refinitiv: Adjusted EPS: 39 […]
Read More