Business

Alberto E. Rodriguez | Getty Images Entertainment | Getty Images Actor Letitia Wright who plays ‘Shuri’ from Marvel Studios’ “Black Panther” at the San Diego Comic-Con International 2017 Marvel Studios Panel in 2017. “It is thrilling to see how inspired young audiences were by the spectacular technology in the film,” Disney’s Iger said a statement.
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The European Commission will withdraw its complaint against Ireland for not recovering 13 billion euros ($16 billion) in unpaid taxes from Apple, but only if the country recovers that amount in full, the EU’s Competition Commissioner Margrethe Vestager told CNBC. The EU took Ireland to the European Court of Justice last October for failure to
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General Electric will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16
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Meanwhile, the demand for packaged and processed human foods is on the decline. Food companies that specialize in packaged and ready-made foods are looking for other sources of revenue — and are betting on the booming pet industry. On Friday, General Mills, the company famous for ready-made foods, such as cereals and yogurt, announced it
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The best-run companies have leaders willing to take a stand on societal issues such as gun control, former Medtronic chairman and CEO Bill George told CNBC on Friday. “If your only purpose is making money, then you’re going to run into … difficulties,” said George, a senior fellow at Harvard Business School where he teaches
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California’s agriculture industry already faces a farm labor shortage, but now it’s facing added pressure due to a wave of employee audits ordered for large farms throughout the state’s Central Valley. Up to 10 agribusiness employers in the state’s San Joaquin Valley were recently contacted by the U.S. Immigration and Customs Enforcement about notices of
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Former General Electric boss Jeff Immelt was consistently overoptimistic in running the large conglomerate during his 16-year tenure, The Wall Street Journal reported Wednesday. More than a dozen insiders — including both investors and current and former GE executives — told the paper Immelt would project results for the company’s future mismatched with its reality.
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Priceline Group renamed itself to Booking Holdings Inc. on Wednesday to better reflect its growing portfolio of brands and highlight booking.com, the underlying driver of its business, according to CEO Glenn Fogel. Fogel told CNBC that booking.com has more than 1.5 million properties and generates more than 1 million bookings per day. “It helps change
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