NHL Tampa Bay Lightning stake sold to investor group
Jeffrey Vinik, owner of the Tampa Bay Lightning. Adam Jeffery | CNBC The Tampa Bay Lightning’s ownership group is expanding. Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug Ostrover and Marc Lipschultz. Terms of the deal […]
Southwest, Elliott strike deal to keep CEO Jordan, add six directors
Bob Jordan, CEO of Southwest Airlines, listens to questions from media during Southwest Airlines Investor day at Southwest Airlines Headquarters on September 26, 2024 in Dallas, Texas. Sam Hodde | The Washington Post | Getty Images Southwest Airlines and activist investor Elliott Investment Management announced Thursday they’ve struck a settlement deal that staves off a […]
Hasbro’s Q3 profit beats expectations, but stock slips
Hasbro Inc.’s stock is down 2.1% in premarket trades after the toy maker’s third-quarter profit beat expectations, fueled by its gaming and licensing businesses.
Boeing (BA) 3Q 2024 earnings
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty Images Boeing‘s new CEO, Kelly Ortberg, said the company is reviewing its various businesses, laying out a vision for a leaner future at the troubled airplane manufacturer in his […]
Tesla investors should be wary of Elon Musk’s continued irrational exuberance
Tesla investors who were elated over the many positive statements by Chief Executive Elon Musk & Co. on Wednesday should rein in some of their expectations and remember the past.
Apple, Goldman Sachs fined over $89 million for Apple Card failures
Apple CEO Tim Cook introduces the Apple Card during a launch event at the Apple headquarters in Cupertino, California, on March 25, 2019. Noah Berger | AFP | Getty Images The Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than $89 million for mishandling consumer disputes related to Apple […]
Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing
Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film lineup that could help drive sales.
David Einhorn says Peloton is significantly undervalued
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital’s David Einhorn said shares of the company are significantly undervalued, CNBC has learned. Einhorn made the pitch at the Robin Hood Investors Conference. […]
Abercrombie responds to CEO Mike Jeffries sex trafficking arrest
Former Abercrombie & Fitch Chairman and CEO Mike Jeffries addresses stockholders during the company’s annual meeting at its headquarters in New Albany, Ohio, on May 22, 2003. Will Shilling | Via Reuters Abercrombie & Fitch washed its hands of its former CEO Mike Jeffries after he was arrested on federal sex trafficking charges, saying in […]
Fed Beige Book continues to point to sluggish economy
Nine out of 12 districts report flat or declining activity.
