CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.» Read More
It's the Monday before the NBA Draft and not one top draft pick has signed with a shoe company. It’s partly due to the fact that there’s just not one standout slam-dunk, marketable player in Derrick Rose, Michael Beasley or O.J. Mayo. But it’s also due to several other factors that can’t be ignored...
LiveNation, the world's largest concert promoter is facing a serious shakeup. The company is "negotiating the exit" of Michael Cohl, the company's chairman, according to the Wall Street Journal.
Everyone complains about stadium prices, but I'd argue that there's one price that has to be high: Beer. For the safety of everyone involved, it's good that a beer cost a bundle--especially at a ballgame.
I consider Roger Staubach to be the most successful athlete-businessman of all-time. Why? Because he built a huge business in an area outside of the traditional sports-related businesses.
Retail giant Wal-Mart Stores may set up a back-office center in India's technology hub of Bangalore to cater to its multiple functions across the world, the Economic Times said on Friday, citing unidentified sources.
Blowout retail sales numbers for the UK in May are only further confusing the fixed-income markets. Surging sales in food and clothing challenge the bank of England's forecast that consumer spending is set to slow sharply this year, bringing inflation back toward the target rate of 2 percent.
As Dov Charney’s personal team winds up its appeal of the latest sexual harassment case against him, there has been a fairly-major reshuffling of the management team that has left Chief Financial Officer Ken Cieply on a job hunt. Back in May, Chief Financial Officer Ken Cieply resigned from American Apparel.
Hennes & Mauritz posted second-quarter pretax profit that beat forecasts and sent its shares higher, as a sunny May helped boost sales and a weak dollar lowered purchasing costs.
UK retailers J. Sainsbury and Woolworths reported sales that disappointed slightly, sparking comments that British consumers may be orienting towards discount retailers, analysts said on Wednesday.
Electronic retailer Best Buy handily beat profit expectations for its fiscal first quarter, as the company gained U.S. market share in key categories like televisions, computers and video games and store openings boosted revenue.
Whitbread, Britain's biggest hotel and restaurants operator, said Tuesday that like-for-like sales across its businesses rose 7.1 percent in the 13 weeks to June 17.
Nike Golf spokesperson Beth Gast has told me that Tiger Woods will be wearing the same shirt design as he did yesterday for the 18-hole playoff today against Rocco Mediate. The shirt, which will get another four hours of product placement, is a TW Dri-FIT Drop Needle shirt, whose exact color is "Carmine," that sells for $70.
Inflation may be climbing faster than the humidity level, but there are still some things that actually cost less than they did a year ago.
The $48 billion in tax rebates sent out to American consumers this spring has helped keep the US economy out of a recession, but analysts believe the impact may only be temporary. .
China's retail sales held up in May despite the devastating Sichuan earthquake. May retail sales growth edged down to 21.6% from 22.0% in April, slightly below a consensus forecast of 21.8%.
Dylan and the gang get "Fast & Furious" in this new segment. Here's the Fast ways to trade tomorrow's market moving events!
Stocks pulled back following news that the Microsoft-Yahoo deal is off. Earlier, the market had rallied as oil prices receded, retail sales came in better than expected and merger in the beverage industry got investors jazzed up.
Out of all the championships, I'd say both U.S. Opens (golf and tennis) are more reliant on logo design than any other championship. Why? Because the same players play in it every year.
With the tear that Talbot’s stock price has been on, I think that it is safe to say that investors like what they heard from CEO Trudy Sullivan yesterday. Still that $50 million credit facility that it secured from Japanese retailer Aeon (also TLB’s largest shareholder) is a relatively small step in what will be a big turnaround project.