LOS ANGELES — The Walt Disney Company will report fiscal first-quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital.The media behemoth will also post earnings a day after it announced its sports network ESPN would partner with Fox and...
Spirits on display at a bar in Cardiff, Wales, in the United Kingdom.Matthew Horwood | Getty Images News | Getty ImagesThe spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data...
2025 Cadillac Escalade IQGMDETROIT – General Motors plans to spend $19 billion over roughly the next decade to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday.The long-term supply contract will see LG Chem supply GM with more than 500,000 tons of...
Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos.It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires pose to their operations. A failure to mitigate these...
CVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher medical costs that are dogging the broader insurance industry.The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous...
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status.NYCB shares fell...
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022.Michael Nagle | Bloomberg | Getty ImagesDETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO...
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesWalt Disney's ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, sources told CNBC on Tuesday.The platform...
People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida.Joe Raedle | Getty ImagesChipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: $9.75 expectedRevenue: $2.49 billion...
In this photo released by the National Transportation Safety Board, investigator-in-charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 in Portland, Oregon, on Jan. 7, 2024.National Transportation Safety Board via APBolts appeared to have been missing from a door plug that blew out midair on...