Business
American Airlines will resume alcohol sales on flights starting April 18
An American Airlines flight attendant serves drinks to passengers after departing from Dallas/Fort Worth International Airport in Texas. Robert Alexander | Archive Photos | Getty Images American Airlines said Thursday it will resume sales of alcoholic beverages on domestic and short-haul international flights next month, a plan it delayed almost a year ago because of […]
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Keep trusting money-making companies through market turbulence, Cramer says
Investors need to keep their eyes on the prize by choosing companies with tangible results and tuning out the outside noise, CNBC’s Jim Cramer said Thursday. “Stay out of the crosshairs of the young, money-losing stocks — many of which should never have come public and came way too early — and instead just find […]
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Kay Jewelers parent Signet expects to keep taking market share, investing in growth, says CEO
Signet Jewelers expects to further expand its market share in the coming years, CEO Gina Drosos told CNBC on Thursday, contending the company’s successful transformation has made those ambitions realistic. “What I think is very exciting is we now have the financial fitness to invest in our business consistent and to drive share gains over time,” […]
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Why U.S. bridges are in such bad shape
America’s bridges are in rough shape. More than a third of the nation’s bridges are in need of repair, and over 43,000 are in poor condition and classified as “structurally deficient,” according to the American Road & Transportation Builders Association. A structurally deficient bridge is one that requires significant maintenance to remain in service. It […]
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GameStop shares fall as retailer reports loss during holiday quarter
A mall visitor walks be a GameStop store on December 08, 2021 in San Rafael, California. Justin Sullivan | Getty Images GameStop shares on Thursday fell more than 8% in extended trading, after the video game retailer reported an unexpected loss during the holiday quarter. The video game retailer did not provide guidance for the […]
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Burger King partner in Russia refuses to close 800 locations, as fast-food chain moves to divest
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King is moving to divest its 15% stake in its Russian business, but the burger chain said it can’t legally suspend operations in the market right away. The Restaurant Brands International chain announced […]
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Warby Parker offers weak outlook, reports loss from holiday quarter
A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker on Thursday reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which kept people out of the eyewear retailer’s stores. The company also issued […]
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Impossible Foods taps Chobani executive as new CEO, founder Pat Brown steps down
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will take the helm of the company. The transition comes after a roller coaster two years for the plant-based meat industry. Impossible and rival Beyond […]
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Audi expects ‘tremendous interference’ to global supply chain due to Russian-Ukraine war
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as automakers globally, including Audi and its Volkswagen parent company, attempt to maintain supply chains of crucial parts such as semiconductor chips and wire harnesses that […]
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Merck’s Keytruda reduced risk of disease recurrence or death in early lung cancer patients by 24%
Stefanie Joho, 27, stands for a portrait at the home of a friend in Penn Valley, PA on Tuesday, May 9, 2017. Joho, who was diagnosed with colon cancer at 22 years old, has been in remission since February 2016, thanks to an immunotherapy drug targeted at specific mutations that prevents repair of DNA-replication mistakes. […]
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