Ultimate Fighting Championship and World Wrestling Entertainment executives decided to name their new publicly traded company TKO to honor the companies' expertise in fighting, but they have broader aspirations than just owning combat sports.TKO began trading on the New York Stock Exchange on Tuesday, culminating a merger of two...
Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018.Oracle livestream screenshotOracle shares plummeted more than 12% on Tuesday and headed for their worst day in over two decades after the software maker reported disappointing revenue and issued weaker-than-expected guidance.The...
A combination package of Procter & Gamble Co. DayQuil Severe and NyQuil Severe brand cold and flu medicine is arranged for a photograph in Tiskilwa, Illinois.Daniel Acker | Bloomberg | Getty ImagesThe main ingredient used in many popular over-the-counter cold and allergy medications doesn't actually work to get rid...
Shoppers will soon see jewelry designed by Kendra Scott at about 150 Target stores. Most of the items will be under $40.TargetTarget said Tuesday that it has struck a deal with jeweler Kendra Scott to carry exclusive collections of earrings, bracelets and more, as it looks to get its...
Traders work on the floor of the New York Stock Exchange, July 12, 2023.Brendan Mcdermid | ReutersCheck out the companies making headlines in midday trading.Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle's revenue, which...
United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019.Michael Wayland / CNBCDETROIT – Many on Wall Street view potential strikes by United Auto Workers against the Detroit automakers as largely manageable – even seeing investment opportunities.Some believe potential strikes are...
Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023.Michael Sheetz | CNBCPARIS – A Lazard investment banker sounded the alarm about the dominance of Elon Musk's SpaceX in the rocket launch market,...
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | ReutersCheck out the companies making headlines before the bellOracle – Shares fell 10% before the opening bell after the company posted weaker-than-expected...
Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesMacy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale's.Bron will succeed...
UPS CEO Carol Tome introduces U.S. President Donald Trump for an event at a UPS facility at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., July 15, 2020. Jonathan Ernst | ReutersUPS CEO Carol Tome said the costs incurred by the company for the new Teamsters contract are less than...