Business intown

15/01/2024

James Gorman talks Disney succession, proxy fight as he gears up to join board

Gorman won praise for managing the CEO succession process at Morgan Stanley.

15/01/2024

Radio shows surprising resilience even in a rapidly changing media world

Radio has leaned on loyal local audiences over the years. It also has the appeal of offering tickets and other prizes in call-in contests.

13/11/2023

$29 flights are back as airlines race to fill seats in the off-season

Airlines have cut fares on many routes to fill seats as capacity rises during the off-season.

13/11/2023

Who should play Elon Musk? Whoever ends up portraying him could be bound for Oscar glory

Director Darren Aronofsky has a track record of guiding actors to Academy Award nominations and wins.

31/10/2023

HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback

HSBC also said it will initiate a further share buy-back of up to $3 billion, which is expected to "commence shortly."

31/10/2023

Chinese consumer stocks that analysts like for their global potential

In a dismal year for most Chinese stocks, a few consumer names with growing international business have posted gains.

25/10/2023

UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings

The strike escalation includes roughly 5,000 workers at GM's Arlington Assembly that produces the Cadillac Escalade, GMC Yukon and Chevrolet Tahoe and Suburban.

25/10/2023

RSV vaccine from GSK shows potential to protect adults 50 to 59

The results suggest that GSK's shot could help protect a wider population from RSV, which causes thousands of hospitalizations and deaths each year.

11/10/2023

There’s a ‘good likelihood’ that the market bottom is in, Fundstrat says

"There's a good likelihood that Equity market lows could be in place after the constructive bounce in recent days," wrote Mark Newton of Fundstrat.

11/10/2023

One tech stock is reaching heights despite market turmoil. These traders think it can keep rising

This tech behemoth has rallied more than 50% in 2023, but four investors shared on CNBC's "Halftime Report" why they still see more upside in sight.

02/10/2023

Federal judge declines to block Medicare drug price negotiations

Judge Michael Newman of the Southern District of Ohio issued a ruling denying a preliminary injunction sought by the Chamber of Commerce.

02/10/2023

Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom

Kellogg, J.M. Smucker and other food companies are making big bets on snacking, but the rise of Wegovy and Ozempic could pose a threat to future sales growth.

04/02/2023