Comcast’s NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the Games in a bid to grab more viewership — especially for its growing streaming platform,…
Business
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ESPN has gone off the air on a major carrier for the second straight year during the U.S. Open tennis tournament and in the midst of the first full weekend of college football. Disney Entertainment…
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Airlines that spent years clamoring for new jets are changing their tune. Cash-strapped, low-cost and deep discounter airlines are putting off spending billions of dollars on new aircraft to save money as they try to…
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Aug 26 (Reuters) — Care.com, a platform for providing in-home care services to children, older adults and pets, agreed to pay $8.5 million to settle U.S. Federal Trade Commission charges it grossly inflated the number…
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Ford Motor is the latest company to walk back some of its commitments to diversity, equity and inclusion initiatives. The automaker has taken “a fresh look” at its DEI policies and practices over the past year…
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Business
Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to score the coveted milestone. Shares of the Omaha-based conglomerate have rallied more than 28% in 2024, far…
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Philip Morris International said on Tuesday it would invest $232 million to expand production capacity for ZYN nicotine pouches at its Ownesboro, Kentucky plant, to meet the strong demand. The investment will be made through one…
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Home goods retailer Lowe’s is paring back its efforts to promote LGBTQ inclusion — the latest large company to respond to a growing cultural backlash led by conservatives targeting queer representation in public life. In…
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Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally were…
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The NFL’s most exclusive club just let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, National Football League owners voted in favor of allowing select private equity firms to buy…