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Categories Business

CVS replaces CEO as profits, share price suffer

Author admin October 19, 2024

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS

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Categories Business

Disney rolls out line-skipping park passes costing up to $449

Author admin October 18, 2024

Disney parks are adding a top-tier, line-skipping upgrade with a whole new world of pricing: as much as $449 per person on

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Categories Business

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

Author admin October 17, 2024

DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit

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Categories Business

Walgreens to close 1,200 stores over the next three years

Author admin October 16, 2024

Walgreens said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint

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Categories Business

Boeing to raise as much as $25 billion to shore up balance sheet

Author admin October 16, 2024

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase

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Categories Business

Boeing to cut 17,000 jobs as losses deepen during factory strike

Author admin October 15, 2024

Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft

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Categories Business

Protesters stage sit-in outside New York Stock Exchange to spotlight Gaza attacks

Author admin October 15, 2024

A group of protesters staged a sit-in outside the New York Stock Exchange on Monday morning amid continued Israeli attacks in Gaza. Approximately

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Categories Business

Why Honeywell CEO Vimal Kapur doesn’t think the AI payoff will come from productivity

Author admin October 15, 2024

As CEO of one of the world’s largest industrial conglomerates, Honeywell’s Vimal Kapur doesn’t think about AI like most individuals. It’s not about the

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Categories Business

Boeing factory strike crosses 1-month mark as pressure mounts on new CEO

Author admin October 15, 2024

It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have

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Categories Business

DOJ and FTC warn consumers of fraud and price gouging risks ahead of Hurricane Milton

Author admin October 11, 2024

As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud,

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