Tag: Breaking News: Business

2024-10-09

Walmart opens five more veterinary and pet grooming centers

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Business

Walmart is opening five more pet services centers after testing the first location near Atlanta. The centers offer vet visits and grooming. Courtesy: Walmart Walmart shut its doctor offices for people. But the nation’s largest retailer is expanding its pet care business. On Tuesday, the company announced it will open five more pet services centers in October and early…

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2024-10-07

More than half of top studios’ movies are existing IP

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Business

A life-size model of the new Marvel Universe movie “Deadpool & Wolverine” authorized by Disney is seen in Shanghai, China, on July 26, 2024. Cfoto | Future Publishing | Getty Images Hollywood’s franchise frenzy is only just beginning. The 2024 box office has been inundated with sequels, prequels and remakes, with the top 10 titles of the year all…

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2024-10-05

Rivian lowers production forecast, misses Q3 delivery expectations

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Business

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Shares of Rivian Automotive dropped by as much as 8.9% in intraday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual production…

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2024-10-05

Workers agree to tentative deal on wages, contract extension

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Business

A major union for U.S. dockworkers and the United States Maritime Alliance agreed on Thursday to a tentative deal on wages and have extended their existing contract through Jan. 15 to provide time to negotiate a new contract. The move ends a strike that had snarled East Coast and Gulf Coast ports since the beginning of the week and…

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2024-10-02

Nike (NKE) earnings Q1 2025

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Business

An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas.  Brandon Bell | Getty Images Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm. Last month, the company…

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2024-10-01

EchoStar’s Dish sale marks disappointing end to Ergen’s strategy

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Business

Dish’s Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish’s “Seinfeld” strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned “Seinfeld” on an earnings call, responding to an analyst’s question about his company’s mixed bag of assets. Ergen noted a half-hour episode…

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2024-10-01

Major CVS shareholder plans activist push, meet with execs: sources

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Business

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push. The hedge fund has established a sizable position in the company, said some of the people. Glenview invests in a…

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