Articles

Lysol maker Reckitt Benckiser sees profits slump on lower sales, Middle East accounting issue

The Durex owner saw its sales volumes plunge following its decision to hike prices by 7.8% over 2023

Apple reportedly ends its longtime plans to build a self-driving EV

Apple Inc. is scrapping an ambitious, decade-long effort to develop an electric car with self-driving capabilities, according to reports Tuesday.

Urban Outfitters says it’s reviewing ‘all areas’ of its struggling namesake stores

Shoppers are “not as exuberant as they were when first coming out of the pandemic,” the retailer’s CEO said.

Dating app Bumble to lay off about 37% of workforce as it looks to drive growth

Online-dating company Bumble Inc. will lay off approximately 350 workers — about 37% of its workforce — as part of a restructuring plan.

Warner Bros. Discovery, Paramount shares rise on report that merger talks have halted

Shares of Warner Bros. Discovery Inc. and Paramount Global Inc. rose Tuesday after a new report said merger talks between the media giants have stopped.

MicroStrategy’s stock deemed a ‘buy,’ with bitcoin’s halving a budding catalyst

MicroStrategy Inc.’s stock could prove a “timely play” on the bitcoin-halving event that’s expected in April, a new bull says.

Office prices still need to drop 50% for housing conversion projects to work, says Goldman

Prices in San Francisco, Boston, Los Angeles and Seattle need to fall at least 30% more

Lemonade warns that increased spending will hurt its near-term profit

Lemonade Inc., a tech-powered insurance provider, said Tuesday it would spend more on growth this year, a move it said would hurt profits in the months ahead following a year of “extraordinary challenges” in the insurance industry.

Charter appears to be the ‘natural buyer’ of Altice USA — but how likely is a deal right now?

Any deal announcement would arrive during tough times for the cable industry.

Surge pricing is coming to Wendy’s. Here’s how it already affects bigger purchases, like concert and plane tickets.

The fast-food chain with a red-headed mascot is leaving some people red-faced after the news that it plans to test “dynamic pricing” starting as early as next year.

UnitedHealth’s stock falls after report of antitrust investigation

UnitedHealth Group shares fell late Tuesday after a report that the Justice Department has launched an antitrust investigation into the health-insurance giant.

Virgin Galactic narrows losses, but the space-tourism stock drops

The space-travel company lost less money than expected in the latest quarter, but its stock was declining in Tuesday’s extended session.
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