business news
Smaller, thinner, less sweet snacks? Mondelez makes health drive
Bars of Cadbury Dairy Milk chocolate on sale Brendon Thorne | Bloomberg | Getty Images Snack maker Mondelez will offer more treats in smaller portions and with less sugar, as the company behind Oreo cookies and Cadbury chocolate responds to consumer demands for healthier products, underlined by a survey released on Monday. Under pressure from …
Kaiser Permanente CEO Bernard Tyson unexpectedly dies at age 60
Bernard Tyson, Kaiser Permanente David A. Grogan | CNBC Kaiser Permanente chairman and CEO Bernard Tyson died unexpectedly in his sleep Sunday, the health care giant announced. One of the nation’s leading health care executives, Tyson was 60. He rose through the ranks during a 30-year career at Kaiser to become CEO in 2013. Over …
Technology Executive Council Summit NYC
Digital transformation is a critical component of corporate strategy. Technology executives that get it right can lead their firms into the future. Those that don’t, risk losing investor confidence and, ultimately, market irrelevance. CNBC recently held its first Technology Executive Council Summit in New York City on Oct. 29, 2019. CEOs, chief information officers, chief …
CVS Health, Humana, Coty, Wendy’s & more
Check out the companies making headlines before the bell: Capri Holdings – The Michael Kors parent earned an adjusted $1.16 per share, falling 8 cents a share short of estimates. Revenue was essentially in line with expectations. The company pointed to the impact of higher expenses and the protests in Hong Kong. CVS Health – …
The US has been driving the world economy alone; China should help
Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Fred Dufour | AFP | Getty Images As always, America’s close friends and allies – Japan and Germany – will continue their free riding on the U.S. economy, and …
The outcome of the US, China trade negotiations will make or break these stocks into year-end
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) After nearly …
Google Fitbit deal may break legacy of hardware failures
Sundar Pichai, CEO of Google, speaks during the company’s 2017 Cloud Next event in San Francisco. Bloomberg | Getty Images News of a Google hardware acquisition conjures traumatic images of product graveyards and rebranding nightmares. So, skeptics are right to wonder why a multi-billion dollar deal to purchase a smartwatch company will be any different. …
Twitter’s Dorsey calls out Facebook CEO Zuckerberg on political ads
Facebook founder and CEO Mark Zuckerberg and Square co-founder and CEO Jack Dorsey. Getty Images | CNBC It’s hard to think of a better way for Twitter CEO Jack Dorsey to poke Mark Zuckerberg in the eye than announcing a rebuttal to his controversial stance on political advertising just minutes ahead of Facebook’s earnings call. …
Fiat Chrysler and Peugeot confirm deal to merge
A Jeep Renegade 4×4 e is presented at the Geneva Motor Show March 5, 2019. Signage in the background says”‘FCA Fiat Chrysler Automobiles,” to which Jeep belongs. Uli Deck | picture alliance | Getty Images Peugeot (PSA) and Fiat Chrysler (FCA) confirmed their intention to merge on Thursday, in what would be a 50-50 share …
Marvell Technology is the best play on 5G
Cedar Fair: “Cedar Fair is up. … Six Flags is down. You’ve got the right one, Sandusky, Ohio.” Square: “I think Square is too low. … I think it’s time to start thinking [it’s time] for it to do something.” MGM Resorts: “I think that [CEO] Jim Murren should do more in the sports betting …
