Business

In this article BATS-GB Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters British American Tobacco has finalized its exit from Russia about 18 months after it pledged to do so in the wake of Moscow’s invasion of Ukraine. The multinational cigarette maker said in a statement Thursday it agreed “to sell its Russian and

A scene from “Barbie.” Courtesy: Warner Bros. Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare such as “Barbie” and “Oppenheimer” that fueled the industry’s haul of $4 billion, a 19% jump from last year. Starting the first Friday in May and running through Labor Day

In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night. “I think our strike can reaffirm to

In this article ROKU Follow your favorite stocksCREATE FREE ACCOUNT Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Illustration by Elham Ataeiazar After pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney’s CEO. His hand-picked successor, Bob Chapek, then Disney’s parks chairman, would take over the day-to-day job

Fans watch a movie at a cinema in Shanghai. Future Publishing | Future Publishing | Getty Images Women are fueling China’s box office despite making up a smaller share of the population — and Hollywood should take note. While women account for less than half the Chinese population, they represent 52% of monthly moviegoers, according

In this article HZNP AMGN Follow your favorite stocksCREATE FREE ACCOUNT Robert Galbraith | Reuters The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement –  a move that could have ramifications for a string of other pharmaceutical industry buyouts. Some Wall

In this article CNK AMC CMCSA WBD Follow your favorite stocksCREATE FREE ACCOUNT Kenneth Branagh stars as Hercule Poirot in 20th Century Studio’s “A Haunting in Venice.” Disney | 20th Century Studios Time to pair that pumpkin spice latte with some popcorn. Spooky movie season is officially here. Starting Friday, movie theaters will have a steady

In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT Rosalind “Roz” Brewer Jason Redmond | Afp | Getty Images Walgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company’s chief executive. She also left the company’s board, effective Thursday. The decision was mutual, according to a news release. Brewer and

After rising steadily since January, home prices may now be turning lower again. The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. That’s a bigger annual gain than the roughly 1% recorded in June, and August’s annual comparison

In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT Taylor Swift performs in Denver during her Eras Tour, July 14, 2023. Tom Cooper/tas23 | Getty Images Entertainment | Getty Images … Ready for it? In less than 24 hours on the market, ticket sales for Taylor Swift’s Eras Tour concert film have already broken

In this article DIS CHTR Follow your favorite stocksCREATE FREE ACCOUNT Cable giant Charter Communications and Disney are in a battle over contract fees that has left millions of people without access to U.S. Open, college football and potentially “Monday Night Football,” with the NFL’s season starting in just days. On Thursday, Disney said that

In this article STLA GM F Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – United Auto Workers President Shawn Fain appears ready to fire up the picket lines. The

In this article CHTR Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Charter Communications logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Charter Communications CEO Chris Winfrey wants the pay-TV bundle to live. He also thinks the industry should get on board with

Actor Karen Brown walks the picket line with fellow SAG-AFTRA actors and Writers Guild of America writers in front of Paramount Studios in Los Angeles, July 17, 2023. Mike Blake | Reuters Hollywood’s labor pool is taking a hit as the dual strikes by actors and writers drag on. The film, TV and music sectors

Michael Nason, 29, left, and Donna Nason, 25, right, both of Bakersfield are wearing a face mask in Union Station on Thursday, Aug. 31, 2023, in Los Angeles, CA. COVID-19 making a comeback in California. Francine Orr | Los Angeles Times | Getty Images An uptick in Covid cases and hospitalizations in the U.S., and

In this article DIS NFLX Follow your favorite stocksCREATE FREE ACCOUNT Barry Diller Mike Newberg | CNBC Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it’ll be “catastrophic” to the industry. The media mogul, speaking on the podcast “On with Kara Swisher,” said the strikes

In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit, beating Wall Street’s estimates.  The athletic apparel retailer now expects

In this article CNK AMC Follow your favorite stocksCREATE FREE ACCOUNT Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington.  Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Move over, Barbenheimer. This next big movie duo will make your head spin.

A woman with a Shein bag after entering its first physical store in Madrid, June 2, 2022. Europa Press News / Contributor Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn’t use forced labor before it files for a widely rumored initial public