• Credit Suisse Feb 7, 2020

    Credit Suisse Says CEO Thiam Resigns Amid Spying Scandal

    The CEO of Swiss bank Credit Suisse is resigning after nearly five years on the job, saying that a spying scandal caused “anxiety and hurt” and tarnished the firm’s reputation

  • New York Nov 25, 2019

    LVMH Reaches Deal to Acquire Tiffany for $16.3 Billion

    Bulgari owner LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.3 billion, according to sources familiar with the matter. The boards of the luxury firms have been discussing a potential deal since last month, and will meet on Sunday to approve the deal, sources tell CNBC’s David Faber. An agreement could...

  • CEO Oct 14, 2019

    Costs Pile Up for Airlines as Boeing 737 Max Grounding Enters Eighth Month

    The worldwide grounding of the Boeing 737 Max, now in its eighth month, is driving up costs for airlines as they cancel thousands more flights into 2020. American and United this week joined Southwest in removing the planes, grounded since mid-March after two fatal crashes killed 346 people, from their schedules until January. Boeing executives have said they expect aviation...

  • United States Aug 14, 2019

    Dow Tanks 800 Points in Worst Day of 2019 After Bond Market Sends Recession Warning

    Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and fourth-largest point drop of all time.

  • energy Jan 11, 2018

    Walmart Announces Wage Hike for Some Workers, Shutters Dozens of Sam's Club Stores

    Walmart confirmed Thursday that it is closing dozens of Sam’s Club warehouse stores across the country — a move that seems sure to cost jobs — on the same day it announced that it was boosting its starting salary for U.S. workers and handing out one-time bonuses to others. As CNBC reported, the 63 stores set to close compares with...

  • energy Jan 8, 2018

    Retail Workers Feel Disruption From Shifting Shopper Habits

    As mundane tasks like checkout and inventory are automated, employees are trying to deliver the kind of customer service the internet can’t match. So a Best Buy employee who used to sell electronics in the store is dispatched to customers’ homes to help them choose just the right products. A Walmart worker dashes in and out of the grocery aisles,...

  • New York Sep 5, 2017

    As Retail Struggles, Some Malls Are Trying to Give Shoppers a Luxury ‘Experience'

    Malls have long been a staple of American consumer culture. But as sales for traditional retailers continue to decline, malls of the past are undergoing serious changes to make sure they’re still attracting consumers in the age of the internet. Developers are experimenting with a range of experience-based offerings, from luxury movie theaters to upscale food courts, to give shoppers...

  • energy Sep 5, 2017

    Retail Workers, Shoppers Scramble as ‘Dead Malls' Close

    Filmmaker Dan Bell spent much of his youth in the 1990s working at a mall. In 2014, when he realized the difficulties facing many of these once-thriving shopping centers, he set out to document them before they disappeared. Bell’s passion project-turned-viral sensation, the “Dead Mall” series on YouTube, captures the morbid fascination many Americans feel as they ponder what the...

  • United States Jul 24, 2017

    Chipotle Faces Decline in Customer Sentiment After Recent Norovirus, Rodent Incidents

    Between a recent norovirus outbreak at one restaurant and rodents falling from the ceiling at another, Chipotle Mexican Grill is facing a stark decline in consumer’s perception of the brand....
    Credit Suisse’s online sentiment tracker, which measures how consumers feel about a brand, showed the perception of the beleagured Chipotle brand fell to near record lows following the two headline-grabbing incidents...

  • Governor Jul 21, 2017

    North Carolina ‘Bathroom Bill' Replacement Is Still Discriminatory: Lawsuit

    The law that replaced North Carolina’s notorious “bathroom bill” sports a new look but maintains LGBT discrimination and prevents transgender people from using restrooms matching their gender identity, according to a lawsuit Friday. The lawsuit renews a high-profile legal battle that has thrust North Carolina into the center of the national debate over LGBT rights. The state took the “bathroom...

  • California Jul 18, 2017

    Va. Chipotle Store Closed After Reports of Illness

    Chipotle closed a store in Sterling, Virginia, after a “small number” of customers reported symptoms consistent with norovirus after eating at the restaurant.

  • Attorney General Jun 16, 2017

    Swiss Prosecutors Confirm About 25 FIFA Investigations

    About 25 separate investigations of suspected corruption linked to FIFA and World Cup bidding are being led by federal prosecutors in Switzerland, the country’s office for the attorney general said Friday. The office of Michael Lauber confirmed the scale of “football-related cases” after securing a first conviction since its FIFA probes began in 2014. Cases were not specified, but criminal...

  • United States Feb 1, 2017

    Women Are, Very Slowly, Getting More Seats in the Boardroom

    The number of women sitting at the table in corporate boardrooms across the country is rising very slowly, but it’s rising. Just over 15 percent of all director seats at publicly traded U.S. companies were held by women as of Dec. 31, according to a study by Equilar, a corporate research firm. That’s up from 14 percent a year earlier...

  • Dan Stamm Jan 5, 2016

    Drugmaker Merck's ‘Raring to Go' on Deals: CEO

    Merck’s chief executive says the drugmaker is “raring to go” on deals this year, particularly for small and midsize acquisitions of companies or their experimental drugs.

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