A scene from "Barbie."Courtesy: Warner Bros.If there's one thing Mattel CEO Ynon Kreiz wants shareholders to take away on Thursday, it's the power of Barbie.As the toymaker faces activist pressure from Barington Capital, particularly around its strategy with the Fisher-Price and American Girl brands, it's putting forth Barbie as...
Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria Klesty | ReutersCigna on Thursday said it will limit how much health plans and employers spend on weight loss drugs each year in a bid to expand insurance coverage...
Rich Paul attends a basketball game between the National Basketball Association's Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020.Allen Berezovsky | Getty Images Entertainment | Getty ImagesRobinhood is partnering with Klutch Sport Group, LeBron James' agent Rich Paul's firm, as...
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024.Bing Guan | Bloomberg | Getty ImagesNew York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by...
A United Airlines Boeing 787-8 Dreamliner aircraft is seen taking off from Amsterdam Schiphol Airport.Nicolas Economou | Nurphoto | Getty ImagesUnited Airlines is planning to launch flights to Marrakesh, Morocco, and Medellin, Colombia, and ramp up its service to Asia, in the carrier's latest bet that consumers will continue...
Federal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response" in the Rayburn House Office Building in Washington, D.C., on Dec. 2, 2020.Greg Nash | ReutersThe $1 billion-plus injection that...
President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland, Dec. 14, 2023.Chris Kleponis | Bloomberg | Getty ImagesPresident Joe Biden on Wednesday said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the current...
A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings.The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was...
Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profits grew thanks to higher prices and lower raw material costs.The apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance.Here's how Abercrombie did in its fourth fiscal quarter compared with what...
Shoppers exit the Nordstrom at the Westfield Topanga mall on August 14, 2023. Christina House | Los Angeles Times | Getty ImagesNordstrom's holiday-quarter sales topped Wall Street's expectations on Tuesday, but the retailer gave a muted outlook for the year ahead. The Seattle-based company said it plans to open new Nordstrom...