CVS Health CEO Larry Merlo told CNBC Monday that the health retailer is on track to meet its goal of rehabbing more than one thousand of its stores and said the chain is seeing positive early results. CVS launched three of its HealthHUB concept stores in the Houston, Texas region near the end of 2018 […]
Tag: Business
Boeing’s new CEO Calhoun has little margin for error in 737 Max scandal
Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a […]
Cramer breaks down the rallies behind Tesla, Beyond Meat and Lululemon
CNBC’s Jim Cramer has been hammering home the difference between meaningless and meaningful gains on the stock market and on Monday laid out a basket of companies that are rising for good reason. “We don’t want to be in a situation where stocks keep roaring on the same old, same old information, so it’s a […]
IBM’s downgrade makes no sense
First Horizon National Corp.: “This stock is not down as well as I thought because I think that the acquisition was a brilliant acquisition. Others don’t. I think they’re wrong. [CEO] Bryan Jordan understands.” HollyFrontier Corp.: “I’m not going to disagree with you. I think it is a value play, as long as you accept […]
GlaxoSmithKline CEO seeks FDA approval for ‘at least’ six drugs in 2020
GlaxoSmithKline has made innovation its top priority as the drugmaker seeks to land federal approval of six drugs within the next 12 months, CEO Emma Walmsley told CNBC on Monday. Performance and trust round out the balance of GSK’s main priorities in 2020 as the British company labors to make advancements in treatments for a […]
Jim Cramer is skeptical of Google parent’s march toward $1 trillion
Alphabet is close to joining one of the most elusive clubs on Wall Street, but CNBC’s Jim Cramer said Monday that he is skeptical of the progress. Shares in Alphabet, the tech giant that owns Google, rose almost $10 to an all-time closing high of $1,440.03, pulling within 1% of reaching $1 trillion of market […]
Ex-Treasury official pleads guilty to leaks about Paul Manafort
Natalie Mayflower Edwards Source: Alexandria Sheriff’s Office A former U.S. Treasury official pleaded guilty Monday to illegally leaking highly confidential documents about suspicious financial transactions of ex-Trump campaign chief Paul Manafort and others to reporters at BuzzFeed News. The official, Natalie Mayflower Sours Edwards, leaked so-called suspicious activity reports, or SARS, starting in October 2017 […]
AMC and Regal won’t screen Netflix’s Oscar best picture nominees
Still from Netflix’s “Marriage Story.” Netflix Netflix may have been nominated for 24 Academy Awards on Monday, but it’s getting snubbed by AMC and Regal. The streaming service’s two best picture nominees — “The Irishman” and “Marriage Story” — will not be included in either of the theater chains’ best picture showcases. In the wake […]
TGI Fridays plans to revamp its bars as it prepares to go public again
People outside a TGI Fridays in Dublin city center. On Friday, March 15, 2019, in Dublin, Ireland. Artur Widak | NurPhoto | Getty Images T.G.I. Fridays, which is known for being the original singles bar, is planning to revamp its bar business as the company prepares to be publicly traded again for the first time […]
Cloudera appoints former Hortonworks chief Rob Bearden as CEO
Data software company Cloudera named Rob Bearden as its new CEO on Monday. Bearden was previously the CEO of rival Hortonworks, which merged with Cloudera last year in a stock swap that valued the combined companies at $5.2 billion. Shares of Cloudera rose 3% in extended trading following the announcement. Bearden is a familiar face […]
