Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug Wegovy, diabetes treatment Ozempic and …
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Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader industry woes. Hooters said that it was ‘under pressure from current market conditions,’ …
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Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business. The company said Monday it will raise the price of the Paramount+ with Showtime plan by …
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European Union regulators on Monday said Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the E.U.’s …
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Business
Paris seeing signs of strong travel demand ahead of Summer Olympics — but plenty of deals remain
by adminThe 2024 Summer Olympics in Paris are set to see plenty of attendees — but travel data shows there are still opportunities for last-minute deal-hunters to capitalize on current market dynamics. Roughly a month out from …
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Business
More than half a million portable device chargers sold at Costco recalled after two homes catch fire
by adminMore than half a million portable electronic device chargers sold exclusively at Costco are being recalled after reports they can overheat and catch fire. The devices, called myCharge POWER HUB All-In-One, allegedly caused at least …
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Business
Pennsylvania Sen. Casey warns Amazon, Target and Walmart over ‘greedflation’ pricing
by adminPennsylvania Sen. Bob Casey has sent letters to Amazon, Target and Walmart over concerns that pricing decisions made at the retail giants since the pandemic may have been driven by aggressive push for profits at …
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Business
Rite Aid shutting down 27 more locations, bringing closure total to nearly 550 nationwide
by adminRite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan. More than 520 have been …
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Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. The retailer, which has more than …
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Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. For fiscal 2025, Darden is forecasting that its same-store sales will grow just 1% to 2%. Shares …