Adidas’ German headquarters raided in connection with tax investigation
The “Arena” office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake. Daniel Karmann | Picture Alliance | Getty Images Adidas’ German headquarters was raided on Tuesday in connection with a yearslong tax investigation, the company confirmed to CNBC in a statement. Authorities are investigating customs and […]
Judges block Kroger-Albertsons merger. Continuing the courtroom fight could threaten investors’ patience.
The supermarket chains said they were disappointed with Tuesday’s court rulings, adding that they are reviewing their options.
Insurance stocks down since UnitedHealthcare CEO Brian Thompson killing
A banner hanging from on overpass along the southbound lane of I-83 that says, “Deny Defend Depose Health Care 4 All.” Lloyd Fox | Baltimore Sun | Tribune News Service | Getty Images Major insurance stocks have fallen more than 6% since their closing prices last Tuesday, the day before the deadly shooting of Brian […]
Olympics transformed Salt Lake City into a tech hub
Spectators file into the Olympic Medal Plaza in downtown Salt Lake City, Utah, during the 2002 Olympics. Buildings are draped with Olympic athletic figures, and the Olympic rings glow on the mountainside above the city, Feb. 16, 2002. AFP Photo/George Frey via Getty Images This story is part of CNBC’s quarterly Cities of Success series, […]
Walgreens’ stock on pace for its best day ever on report of talks of sale to private equity — but still on pace for its worst year
Shares of Walgreens Boots Alliance Inc. launched higher on Tuesday after the Wall Street Journal reported that the drugstore chain was in discussions to sell itself to private-equity firm Sycamore Partners, following struggles with inflation and competition.
Alaska Airlines plans new nonstop flights to Japan, Korea
Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives […]
Ollie’s Bargain Outlet store count boosts results as it buys up Big Lots locations
The bankruptcy of Big Lots is helping Ollie’s Bargain Outlet’s new store pipeline as the discount retailer’s bottom line benefits from an increased number of locations.
Activist Barington takes aim at Macy’s, seeks spending, real estate fixes
People walk past the Macy’s Herald Square flagship store in New York City, Nov. 29, 2024. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it has a position in Macy’s and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate portfolio. It marks the fourth activist […]
Treasury yields nudge higher as CPI inflation report looms
Bond yields rose marginally early as investors eyed looming consumer price inflation data ahead of the Fed’s final monetary policy meeting of 2024.
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022. Michael Wayland / CNBC DETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned. Kuniskis, who retired from the automaker in May, will once again lead the company’s Ram […]
