The toy industry faced a significant challenge in the first half of 2024 due to an inflation-fueled sales slump. However, amidst this turmoil, one company managed to stand out and gain market share – Lego. The Danish toymaker reported a remarkable 13% increase in revenue, reaching a total of 31 billion Danish krone, approximately $4.65
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Fans of the Dallas Mavericks and New Orleans Pelicans are in for a change as both teams are set to leave their regional sports networks owned by Diamond Sports. This shift comes at a crucial time as the NBA season is around the corner, with both franchises yet to announce where their local games will
Cava, a popular Mediterranean restaurant chain, recently announced a significant increase in its full-year outlook after reporting strong traffic at its locations. This positive news fueled better-than-expected quarterly earnings and revenue for the company, leading to a 7% increase in its stock in extended trading. This boost in performance has also resulted in Cava’s market
Edgar Bronfman Jr.’s recent offer for a controlling stake in Paramount Global has sparked speculation about the future of the company and its leadership. If Bronfman’s bid is successful, it could potentially keep Shari Redstone close to Paramount. Currently serving as the non-executive chairman at Paramount, Redstone may continue to be involved with the company
Boeing recently made the decision to return its Starliner capsule from the International Space Station without the NASA astronauts that it initially delivered to orbit in early June. This unexpected turn of events was announced by the agency, with the astronauts Butch Wilmore and Suni Williams now set to return via SpaceX’s Dragon spacecraft instead.
The Biden administration recently announced that it will be resuming the distribution of free at-home Covid-19 tests to American households starting in late September. This decision comes as the virus continues to spread rapidly throughout the United States, particularly with the rise of new variants such as the highly contagious omicron variant JN.1. The at-home
The future of Paramount Global remains shrouded in uncertainty as the special committee overseeing the merger agreement with Skydance faces a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, which is the controlling shareholder of Paramount. However, in a surprising turn of events, Bronfman upped the bid
Ford Motor recently announced a shift in its electric vehicle (EV) strategy, delaying production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV. The company stated that it will now prioritize the development of hybrid models and electric commercial vehicles, such as a new electric commercial van in 2026, followed
Alaska Airlines has announced that their planned acquisition of Hawaiian Airlines has successfully cleared the U.S. Justice Department. This comes after the antitrust regulators completed their investigation of the $1.9 billion deal without filing a lawsuit to block the merger. While this is a significant milestone, the two carriers still need approval from the U.S.
Boeing announced on Monday that it has temporarily halted the flight tests of its 777X aircraft model. This decision was made after the company detected damage in a structure of one of the wide-body planes during a routine maintenance check. The damaged part is a custom component located between the engine and the airplane’s structure.