SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung said on Monday it will launch the Galaxy Fold in the US on Sept. 27. The launch was delayed from April after reviewers found it broke easily. Samsung says it has fixed...Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
Banks have historically used armies of mortgage brokers to gather income and asset documents from prospective borrowers.Financeread more
Your trip to visit Santa this holiday season is about to get candy-coated.
Candy giant IT'SUGAR has partnered with real estate investment trust General Growth Properties to create a sweet in-mall holiday experience, called Winter Escape.
In addition to photos with Santa, the 2,000-square-foot experience features a tree covered in lollipop leaves and sugar stems, candy clouds and arctic and woodland creatures made entirely out of Jelly Belly jelly beans. There's even a snowman made out of marshmallows.
"The IT'SUGAR Winter Escape is designed to appeal to a much wider audience than the traditional Santa experience," Tom Schneck, director of marketing services at GPP, told CNBC. "Of course, the photo opportunity with Santa is still center stage, but we've created an environment that offers more colorful and memorable photos as well as a built-in shopping experience."
Consumers are demanding more entertainment-focused experiences, said Deborah Flattery, vice president of kiosk leasing at GGP, so Winter Escape can tap into a new audience of teens and young adults who would typically ditch the outdated in-mall Santa station.
"Candy is one of the most frequently purchased gifts during the holidays, and this time of year is one of the busiest seasons for IT'SUGAR," Paul Bundonis, president of IT'SUGAR, told CNBC. "Candy is a one-size-fits-all gift that works for all giving occasions — whether it be for a stocking stuffer, hostess gift or your office Secret Santa — and it's the one thing nobody regifts."
IT'SUGAR's Winter Escape experience will be available at five GGP malls in Texas, Arizona, Florida and Delaware starting Wednesday. However, Santa won't arrive until early November.