In the midst of an inflation-fueled sales slump impacting the toy industry in the first half of 2024, Lego stands out as a success story. Despite economic challenges, Lego reported a significant 13% increase in revenue during the first six months of the year, reaching an impressive 31 billion Danish krone. This growth can be
Business
The Dallas Mavericks and New Orleans Pelicans are facing a significant shift in how their local games will be broadcast in the upcoming NBA season. Both teams are leaving their regional sports networks owned by Diamond Sports, according to a recent bankruptcy court filing. This move has raised questions among fans about how they will
Cava, the Mediterranean restaurant chain, recently reported its fiscal second-quarter earnings, surpassing Wall Street’s expectations. The company’s earnings per share came in at 17 cents, compared to the 13 cents that analysts had anticipated. Additionally, Cava’s revenue reached $233 million, exceeding the projected $220 million. The quarterly report revealed a significant growth in net income
Edgar Bronfman Jr. recently made a bold offer for a controlling stake in Paramount Global that could potentially result in Shari Redstone remaining closely associated with the company. If Bronfman’s bid is successful, he is open to the idea of Redstone, who currently serves as the non-executive chairman at Paramount, continuing to be involved with
Boeing has made the decision to return its Starliner capsule from the International Space Station (ISS) without the NASA astronauts that it originally delivered to orbit in early June. This unexpected turn of events has led NASA to now have astronauts Butch Wilmore and Suni Williams return via SpaceX’s Dragon spacecraft, which is scheduled to
The Biden administration recently announced that it will be resuming the initiative to provide free at-home Covid-19 tests to American households starting in late September. This decision comes as the virus continues to pose a significant threat across the United States, especially with the rise of new variants this summer. Through the COVIDtests.gov platform, Americans
The future of Paramount Global hangs in the balance as a fierce bidding war ensues between Skydance and Edgar Bronfman Jr. Paramount’s special committee recently announced the extension of a “go shop” period to further evaluate the competing offer from Bronfman. The initial bid of $4.3 billion escalated to a whopping $6 billion in a
Ford Motor’s recent announcement about delaying production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV signifies a significant shift in focus for the company. Instead of pursuing these specific electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles. This decision reflects Ford’s
Alaska Airlines recently announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department. This milestone comes after a thorough investigation of the deal, which did not result in any legal action to block the acquisition. The $1.9 billion agreement to combine the two carriers was announced eight months ago, marking
Boeing recently announced that it has temporarily paused flight tests of its 777X aircraft after discovering damage in one of the wide-body airplanes. The company found damage in a custom part located between the engine and the airplane structure during scheduled maintenance. As a result, Boeing has grounded the three other 777-9 airplanes in its