Longtime CEO of Berkshire Hathaway’s Brooks Running will step down, hand the reins to company veteran
COO and President Dan Sheridan of Brooks RunningCourtesy: BrooksThe longtime CEO of Berkshire Hathaway’s Brooks Running, Jim Weber, is stepping…
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Babies R Us is coming to about 200 Kohl’s stores
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York.Scott Mlyn | CNBCKohl’s said Tuesday that it’s…
Southwest Airlines cuts capacity, and rethinks 2024 financial forecast, citing Boeing problems
Boeing 737 MAX airplanes are seen parked at a Boeing facility on August 13, 2019 in Renton, Washington.David Ryder |…
Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an…
Lego revenue ticks higher in 2023, despite trade-downs and China pullback
The Lego company grew sales 2% last year, even as the global toy industry saw sales slip 7%, according to…
How NWSL Commissioner Jessica Berman led the league out of crisis to revive women’s soccer
Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women’s professional soccer at the Hilton…
Pfizer is betting big on cancer drugs to turn business around after Covid decline – here’s what to know
Nurphoto | Nurphoto | Getty ImagesPfizer is ready to move on from Covid. Now, the company is betting on cancer drugs…
McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
A Portillo’s Beef Bus in Kissimmee, Florida.Source: Portillo’sWhen Chicago-based Portillo’s enters a new market, it sends its “Beef Bus” ahead…
Novo Nordisk’s Wegovy wins FDA approval for cutting heart disease risks, in move that could expand insurance coverage
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria…
Spacecraft maker Terran Orbital ‘looking at everything,’ CEO says after Lockheed Martin takeover bid
Terran OrbitalSatellite manufacturer Terran Orbital is “looking at everything” regarding the company’s future, CEO Marc Bell told CNBC, as it…
Novo Nordisk CEO says experimental weight loss pill could become a best-in-class drug
Novo Nordisk CEO Lars Fruergaard Jørgensen on Friday said the company’s experimental weight loss pill, amycretin, could eventually become a…
GM cuts Chevy Blazer EV price as sales restart following software issues
Chevrolet All-Electric Blazer EVScott Mlyn | CNBCDETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV…
Eli Lilly says FDA delays approval of Alzheimer’s drug in surprise move
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.’s shares climbed in early…
Family offices have tripled since 2019, creating a new gold rush on Wall Street
Westend61 | Westend61 | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank,…
Costco misses holiday-quarter revenue expectations despite online growth
Mandel Ngan | Afp | Getty ImagesCostco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting…
Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth
A general view of an Old Navy store. Gap Inc.Gap’s largest banner Old Navy returned to growth for the first time…
Space company Astra going private to avoid bankruptcy after dismal public run
Rocket LV0006 tilts during liftoff.Astra / NASASpaceflightSpace company Astra will go private in a cut-rate deal with its founders after…
Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings
Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March…
Cigna will cap how much insurance can spend on weight loss drugs as it tries to expand coverage
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria…
Grocers are trying to get orders to your door faster than ever — here’s why
As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same…
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