Business award

02/09/2024

The French capital saw a slower start to summer, as tourists avoided the city in early summer amid fears of overcrowding and higher hospitality rates while it was playing host to the Olympic Games.

19/08/2024

Porsche's decision to support Varta will allow the luxury car maker to have access to high-performance batteries for its hybrid and electric cars.

Struggling firm Varta has reached an agreement with creditors to secure fresh capital and alleviate its debt, notably by accepting the support of car manufacturer Porsche.

According to new proposals, Porsche will take a 32% stake in Varta after injecting €60m into the company.

The same cut will also be acquired by current majority owner Michael Tojner, who has agreed to invest €60m.

Porsche's decision to support Varta will allow the luxury car maker to have access to high-performance batteries for its hybrid and electric cars.

08/05/2024

World’s largest brewer still suffers hangover from year-long boycott

Belgian drinks company Anheuser-Busch Inbev meets quarterly revenue forecasts but fails to fully recover from last year’s backlash.

26/03/2024

Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.

21/03/2024

JetBlue cuts routes spanning Los Angeles to Lima in race to lower costs

JetBlue is under increased pressure to reduce expenses and return to profitability.

13/03/2024

Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens

Organized retail crime rings can involve groups that sell stolen goods at flea markets and more sophisticated networks that resell stolen goods on Amazon.

06/03/2024

Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again

Moody's slashed one of New York Community Bank's key ratings for the second time in a month.

15/02/2024

After 8 months stuck in orbit, Varda’s drug spacecraft gets FAA approval to return

Space startup Varda received long-awaited approval from the Federal Aviation Administration on Wednesday to return its first spacecraft.

02/02/2024

Peloton shares plummet 24% as fitness company gives dismal outlook

Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals.

29/12/2023

Biden administration’s Medicare drug price negotiations will face major tests in 2024

Next year could set the precedent for the Inflation Reduction Act's controversial talks, which could affect dozens of medications by the end of the decade.

29/12/2023

Cheddar News sold by Altice USA to media company Archetype

Terms of the deal were not officially disclosed, but a person familiar with the matter told CNBC it is structured as a so-called "earn out" deal.