Colgate-Palmolive beats profit views, even as prices fall in North America again
Colgate-Palmolive’s stock turned red in premarket action Friday, after the consumer-products company beat third-quarter earnings expectations and lifted its outlook, but saw relative weakness in North America in terms of volume and pricing.
The art market is in a correction as big spenders fade
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie’s auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United Kingdom on October 06, 2023. Wiktor Szymanowicz | Future Publishing | Getty Images A version of this […]
This massive flooring company says the housing market will get better — next year
Mohawk Industries’ product mix has been hit by consumers trading down and by new construction outpacing higher-value remodeling.
Spirit AeroSystems weighs more furloughs, layoffs if Boeing strike lasts
Boeing 737 fuselages on railcars at Spirit AeroSystems’ factory in Wichita, Kansas, on July 1, 2024. Nick Oxford | Bloomberg | Getty Images Spirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists’ strike stretches beyond Nov. 25, a company spokesman told CNBC on Thursday. Boeing’s machinists, whose strike is […]
Deal blocked between Coach, Michael Kors owners
Coach and Michael Kors. Michael M. Santiago | Eduardo Parra | Europa Press | Getty Images A federal judge blocked Tapestry’s acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission’s motion for a preliminary injunction to block the proposed […]
Hoka shoes are so popular, their maker just crushed quarterly estimates
Deckers Outdoor also guided for a 12% sales increase for fiscal 2025.
Volkswagen’s Scout Motors reveals first EVs, plans for plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV concepts Scout NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961 […]
Stock of Michael Kors owner Capri dives after judge blocks merger with Tapestry
A federal judge on Thursday blocked Tapestry Inc.’s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.
Yum Brands pulls onions from select locations after McDonald’s E. coli outbreak
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Justin Sullivan | Getty Images Yum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald’s. “As we continue to monitor the recently reported E. coli […]
AT&T’s stock is beating Verizon’s by a lot in 2024. Here’s where analysts stand.
Half of analysts are bullish on AT&T’s stock, which is roughly the same as what it is for Verizon’s.
