[ad_1] DETROIT — Ford Motor wants to make “living in a van down by the river” a bit more comfortable than late comedian Chris Farley — a cousin of the automaker’s CEO — made it out to be in a well-known “Saturday Night Live” sketch from the early 1990s. The …
Read More »CNBC cancels ‘The News with Shepard Smith’ after two years
[ad_1] The News with Shep Smith Adam Jeffery | CNBC NBCUniversal’s CNBC has canceled “The News with Shepard Smith,” its primetime general news show, to refocus on business and market coverage. The network announced the news Thursday in an e-mail to CNBC employees. Smith will be leaving the network later …
Read More »Altice USA stock sinks after tough third quarter earnings
[ad_1] Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares dropped more than 20% and trading in the stock was briefly halted Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink following Wednesday’s earnings report …
Read More »Charter CEO Tom Rutlege says ‘pain to come’ as TV gives way to streaming
[ad_1] Charter Communications Chief Executive Officer Tom Rutledge will be stepping down as the company’s CEO on Dec. 1. He will remain as executive chairman until November 2023, when his contract expires. Rutledge referred to his decision to leave as “retirement,” but the almost 70-year-old executive, who has been in …
Read More »U.S. airlines’ pilot contract negotiations turn rocky
[ad_1] Delta Airlines pilots make their way to Terminal 4 to picket for a new contract at JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images U.S. airlines are profitable again, and their pilots want a bigger cut of the industry’s recovery. …
Read More »Peloton (PTON) reports Q1 earnings
[ad_1] Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s …
Read More »Rstaurant Brands International (QSR) Q3 2022 earnings
[ad_1] A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by sales growth at Burger King and Tim Hortons. Shares of the …
Read More »WWE ends investigation into alleged misconduct by Vince McMahon
[ad_1] World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. “The Special Committee investigation is now complete and the Special Committee has been disbanded,” the company said in a securities filing. “Management is working with the Board …
Read More »Boeing forecasts jump in aircraft deliveries, up to $5 billion in free cash flow next year
[ad_1] An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing is planning to ramp up production and deliveries of new aircraft, propping up its …
Read More »American Airlines pilots’ union rejects new contract proposal
[ad_1] American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines pilots’ union on Wednesday said its board of directors rejected a tentative agreement for a new contract, the latest in a series of setbacks in labor talks across major U.S. airlines. The …
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