Category Archives: CNN – Business

‘Friends’ reunion special set for HBO Max

‘Friends’ reunion special set for HBO Max

Cue up The Rembrandts and get ready to argue about if Ross and Rachel were on a break. The cast of “Friends” is reuniting on HBO Max. Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry, and David Schwimmer are starring in a reunion special for WarnerMedia’s upcoming streaming service, the company announced on…MORE

Boeing wants to end a $100 million tax break it gets. Here’s why

Boeing wants to end a $100 million tax break it gets. Here’s why

It’s not often that a company asks to end a tax break that is worth about $100 million a year. But Boeing is doing just that. It’s not out of any sense of corporate largess that Boeing is seeking to end the tax break it has been getting from Washington, its home state. Instead it…MORE

How Victoria’s Secret lost its way

How Victoria’s Secret lost its way

Victoria’s Secret has struggled to keep pace with shifting consumer tastes. Five years ago, Victoria’s Secret produced nearly two-thirds of the revenue for its parent company, which was then worth $28 billion. This week, Victoria’s Secret was taken private in a deal that values the brand at just $1.1 billion. L Brands, Victoria’s Secret’s parent…MORE

Twitter is Wall Street’s favorite social media stock

Twitter is Wall Street’s favorite social media stock

Twitter’s decision to not accept ads from politicians — even though the social media platform is used frequently by President Donald Trump and the Democratic presidential contenders — appears to be paying dividends. Shares of Twitter are up nearly 20% so far in 2020. That’s well ahead of the gains of social media rivals Facebook…MORE

The American farmer is on the mend

The American farmer is on the mend

The worst may be over for farmers in the United States. Deere on Friday reported earnings for its fiscal first quarter that easily topped Wall Street’s forecasts, and revenue fell by less than analysts had expected. The tractor maker and bellwether for agriculture said the “US farm sector shows early signs of stabilization.” Net income…MORE

Richard Branson launches his luxury, adults-only cruise ship

Richard Branson launches his luxury, adults-only cruise ship

Richard Branson is sailing into new waters with the launch of his first cruise liner, making a bold pitch to younger travelers at an undeniably awkward time for the industry. The Virgin founder launched the Scarlet Lady on Friday, hoping its modern design and adults-only rule will prompt younger vacationers to take a fresh look…MORE

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