Restaurants Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.CNBC (L) | Getty Images (R)Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.Shares of Starbucks rose 10% in premarket trading on the news, while Chipotle's stock fell 10%.Narasimhan took over as chief executive in...
Paul Freedman, co-founder and CEO of the Oakland BallersPaul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team.When MLB's A's announced last year they planned to leave Oakland, California, for Las...
(L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho.Drew Angerer...
Blink Fitness location in New York City. Bill Tompkins | Michael Ochs Archives | Getty ImagesBlink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy.The low-cost fitness brand, with more than 100 centers in the U.S., is the latest chain to...
A customer enters a Macy's store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Justin Sullivan | Getty ImagesMacy's decision to close nearly a third of its stores will spark change in malls and communities across the U.S.Some of those transformations...
2025 GMC Terrain ElevationGMDETROIT — General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard "Elevation" model.The compact crossover features a more rugged exterior design. It also has a new interior with 26 inches of screens, including a 15-inch center touchscreen and...
The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. The pigeons are voiced by former NFL star Deion Sanders, and actors Steve Buscemi and Henry Winkler.Courtesy: DirecTVCoach Prime wants consumers to know they can watch DirecTV without a satellite dish. The company...
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyThe "Merc with a Mouth" is breaking even more box office records.Over the weekend, Disney and Marvel's "Deadpool & Wolverine" became only the second R-rated film to top $1 billion at the global box office. And it's on its...
A sign advertises meal deals at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesRestaurant CEOs have become obsessed with the word "value" in explaining to investors why their sales lagged this quarter while sharing plans to revive traffic in the coming months.On McDonald's...
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesThe time of villains has come.Disney's classic baddies are getting...