Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
A man suspected of torching Kyoto Animation reportedly doused the studio's entrance with what appeared to be petrol and set it ablaze on Thursday.Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
The computing center launched by BMW and Tencent will start operations by the end of the year. It will provide cars with data-crunching capabilities to help them drive...Technologyread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
Lego is determined to stay relevant to today's tech-savvy children through online video and its "fantastically successful" movie franchise, the Danish toymaker's CEO told CNBC Wednesday.
Lego Group Wednesday reported a double-digit growth in global sales for 2014, up by 15 percent on last year, together with a 7 billion Danish krone ($1.48 billion) net profit, an increase of 16 percent since 2013.
Read MoreLego tweet, Bieber,'American Sniper'
Jorgen Vig Knudstorp, CEO of Lego told CNBC's Worldwide Exchange that it is "still a lot of fun for children to create things" and they are "highly focused on our core physical lego building experience."
Despite the rise in children's interest towards technology, Knudstorp remained focused on keeping up to date.
"We're one of the most-watched brands on YouTube. We have a collaboration with Warner Brothers, with the fantastically successful 'Lego Movie' last year, " he told CNBC
However, in terms of social media, The Lego Group's CEO maintains that its company is "treading very carefully" as there are restrictions when it comes to marketing towards children.
Discussing the results, Louise Cooper, a chartered financial analyst at CooperCity told CNBC via email that "since the arrival of CEO, Jørgen Vig Knudstorp, Lego has been revolutionised. But this is the tenth consecutive year of growth with little sign of a slowdown. 12% top line growth in a deflationary world is impressive, even more so given the size of the company."
With Russia struggling against the decline in its currency and the geopolitical tensions with Ukraine and the West; Knudstorp admitted that they were seeing an impact in terms of the decline of the ruble but it hadn't impacted sales in the local Russian market.
The group had seen "very nice growth in Russia over the past year, around 35 to 40 percent, and I think it reflects the enormous strength the Lego brand has with the average Russian middle income consumer," Knudstorp added.
In March 2012, the Lego Group launched its Lego with Friends product line, targeted towards the young female audience.
Knudstorp admitted that Lego's female-orientated products had failed to capture the market in the past, but added that Lego with Friends had now "become a global blockbuster for us."
The annual results come in shortly after Lego was named as the world's most powerful brand of 2015, taking the crown from luxury car company Ferrari, in the Brand Strength Index, by Brand Finance, an asset valuation consultancy.
One of the main reasons for the brand's results was down to the commercial success and international praise from its 2014 film 'The Lego Movie,' which has grossed more than $468.7 million worldwide so far, according to Box Office Mojo.