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Categories Business

SEC charges Carl Icahn with hiding billions of dollars worth of stock pledges

Author August 20, 2024

The Securities and Exchange Commission on Monday said it fined billionaire activist investor Carl Icahn and his company $2 million, settling allegations that he

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Categories Business

Trump Media stock sinks to new post-merger low

Author August 20, 2024

Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago

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Categories Business

To fix Starbucks, incoming CEO will have to tackle its mobile app problem

Author August 20, 2024

It’s become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated customers waiting for the drinks they ordered and overwhelmed

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Categories Business

Possible work stoppage at Canada’s two largest railroads could disrupt U.S. supply chain

Author August 19, 2024

DETROIT — Canada’s two largest railroads are starting to shut down their shipping networks as a labor dispute with the Teamsters union

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Categories Business

Home sale commissions are getting a shake-up this weekend

Author August 18, 2024

Changes to realtor commissions taking effect this weekend could give home sellers a lot more negotiating power — and for buyers, potentially

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Categories Business

Judge temporarily blocks sports streaming service owned by Disney, Fox, Warner Bros.

Author August 18, 2024

A U.S. judge temporarily blocked media companies Disney, Warner Bros. Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted

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Categories Business

TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold

Author August 17, 2024

An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin

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Categories Business

Recalled cucumbers linked to at least 449 illnesses have been pulled from stores, CDC says

Author August 16, 2024

At least 449 people were likely sickened by cucumbers tainted with Salmonella bacteria, the U.S. Centers for Disease Control and Prevention said

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Categories Business

Lawmakers ask Mark Zuckerberg to show how Facebook, Instagram are addressing illicit drug ads

Author August 16, 2024

A bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter on Thursday expressing concern that the company is failing to prevent illicit drug advertisements

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Categories Business

Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle

Author August 16, 2024

Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as

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