Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesYum Brands on Wednesday reported quarterly revenue that fell short of analysts' expectations, hurt by weak same-store sales growth at...
American sportswear fashion brand Champion store seen in Hong Kong.Chukrut Budrul | SOPA Images | Sipa via AP ImagesBrand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is considering offloading the sportswear line amid pressure from activist...
Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S.The brewing giant revealed part of its plan to revitalize the brand Tuesday after it...
Cosm's shared reality dome concept for viewing live sports broadcasts.Courtesy: Cosm VenuesWarner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans.Cosm plans to open two venues — a 65,000 square foot building in Los...
The JetBlue drop-off area at New York's LaGuardia Airport on Oct. 31, 2023.Leslie Josephs/CNBCJetBlue Airways stock tumbled to a nearly 12-year low Tuesday as the company forecast a loss for the fourth quarter and heads to court to defend its acquisition of budget carrier Spirit Airlines, a purchase it...
United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT — Labor strikes by the United Auto Workers union cost Stellantis about $3.2 billion, or 3 billion euros, in...
CFOTO | Future Publishing | Getty ImagesPfizer on Tuesday reported a narrower than expected adjusted loss for the third quarter as the drugmaker recorded charges largely related to struggles for its Covid antiviral treatment Paxlovid and Covid vaccine.Pfizer said that it recorded a $5.6 billion charge for inventory write-offs...
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM's Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023.Evelyn Hockstein | ReutersDETROIT — A tentative deal Monday between the United...
An artist illustration shows the functions of the Space Development Agency's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.The SDA is having the pair of companies build 100 satellites as part...
Chipotle and McDonald's fast-food restaurants in Chinatown, Washington, D.C.Jeff Greenberg | Universal Images Group | Getty ImagesMcDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in...