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October 22, 2019
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Breaking News: Business

CNBC Business

Top analyst Stephen Tusa, who called GE’s decline, has a favorite stock in the industrial space

CNBC
The top industrials analyst on Wall Street said on CNBC’s “Halftime Report” that he likes United Technologies’ upside from here. Source link: Click here for more
CNBC Business

Kevin Plank started Under Armour in his grandmother’s basement. 23 years later, he hands over the reins

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Kevin Plank built Under Armour from scratch from his grandmother’s basement in Washington, D.C. Its first full year in business, in 1996, Under Armour did $17,000 in sales. Last year, it did $5.2 billion. Source link: Click here for more
CNBC Business

Under Armour’s Kevin Plank says he and new CEO Patrik Frisk will ‘divide and conquer’

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Kevin Plank and Patrik Frisk will “divide and conquer” their responsibilities in leading Under Armour, the duo told CNBC Tuesday morning, on the heels of the company announcing Plank will step down as CEO on Jan. 1. Source link: Click here for more
CNBC Business

Bezos unveils Blue Origin will work on lunar lander with Lockheed Martin, Northrop Grumman & Draper

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Bezos spoke at the 70th International Astronautical Congress on Tuesday. Source link: Click here for more
CNBC Business

‘Star Wars: The Rise of Skywalker’ outsells ‘Avengers: Endgame’ in first hour on Atom Tickets

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“Rise of Skywalker” sold 45% more tickets during its first hour on Atom Tickets than “Avengers: Endgame” did during its first hour earlier this year. This is a new record for Atom Tickets, the company said. Source link: Click here for more
CNBC Business

Electric car start-ups — once seen as threat — now struggle to survive

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Since the beginning of the decade, a partial list of EV failures includes Bright Automotive, AMP, Aptera, Coda, Detroit Electric, Fisker Automotive and LeEco. Source link: Click here for more
CNBC Business

Boeing pilot warned of 737 Max software tied to crashes, told regulators to delete it from manuals

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Boeing shares fell nearly 7% after the news broke, dragging down the Dow Jones Industrial Average. Source link: Click here for more
CNBC Business

Qantas tests passenger limits — and pilot brain patterns — on world’s longest nonstop flight

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Qantas will test how pilots and passengers withstand a 20-hour nonstop from New York to Sydney, monitoring brain activity and melatonin levels during the flight. Source link: Click here for more
CNBC Business

Barneys could launch more stores inside Saks in Authentic Brands brands deal

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Authentic Brands, the licensing company that owns brands like Aeropostale and Juicy Couture, has put in a $271 million bid with B. Riley Financial to buy Barneys out of bankruptcy. Source link: Click here for more
CNBC Business

Key House committee passes Speaker Nancy Pelosi’s sweeping drug pricing bill

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Republican members on the committee expressed concerns with the legislation, particularly that it would discourage innovation for new medicines in the pharmaceutical industry. Source link: Click here for more
CNBC Business

Aerial video shows SpaceX beginning construction of another Starship rocket in Florida

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SpaceX now has three of its next-generation Starship rockets under construction, CNBC has learned. Source link: Click here for more
CNBC Business

GM workers will remain on strike while voting on UAW’s four-year contract proposal

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The decision about the monthlong strike was announced as local union leaders approved the tentative deal between the union and GM that was announced Wednesday. Source link: Click here for more
CNBC Business

Goldman Sachs CEO Solomon says the bank’s investment in WeWork is still profitable at this time

CNBC
Goldman Sachs CEO David Solomon spoke to CNBC’s Wilfred Frost on Thursday. Source link: Click here for more
CNBC Business

Vaping illness deaths climb to 33 as outbreak spreads; doctors worry flu season could make it worse

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At least 33 people have died and 1,479 have fallen ill from a vaping-related lung disease that continues to worsen as flu season ramps up, the Centers for Disease Control and Prevention said Thursday. Source link: Click here for more
CNBC Business

Stations wagons struggle for a comeback in the US as European automakers add luxury touches

CNBC
Station wagons sell well in Europe, but crossovers and SUVs have taken over the US. Some manufacturers still find it worth the trouble to lure a few American buyers with chic, plush, and fast wagons. Source link: Click here for more
CNBC Business

Southwest Airlines removes Boeing 737 Max from schedule until February

CNBC
Southwest Airlines on Thursday took the Boeing 737 Max out of its schedules until February, later than any U.S. airline, as the low-cost carrier called the timeline for the plane’s return to service “uncertain.” Source link: Click here for more

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