CNBC

Geely chairman builds $9 billion stake in Germany's Daimler – CNBC
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CNBC Geely chairman builds $9 billion stake in Germany's DaimlerCNBCThe purchase by Li Shufu means Geely, China's largest privately-owned automaker, is now Daimler's biggest shareholder. Geely said there were no plans "for the time being" to raise the stake further. Published 1 Hour Ago Updated 1 Hour Ago Reuters …Chairman of China's Geely Has 9.7% […]

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Saudi oil minister hopes OPEC, allies can ease output curbs in 2019 – CNBC
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CNBC Saudi oil minister hopes OPEC, allies can ease output curbs in 2019CNBCSaudi Arabia's Oil Minister Khalid al-Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent …Saudis See […]

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General Mills to buy natural pet food company Blue Buffalo for about $8 billion in cash – CNBC
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CNBC General Mills to buy natural pet food company Blue Buffalo for about $8 billion in cashCNBCGeneral Mills is moving into the pet food business with a deal to buy Blue Buffalo Pet Products for roughly $8 billion in cash. General Mills' offer price of $40 per Blue Buffalo share represents a premium of 17.2 […]

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US Treasury yields fall amid central banking news – CNBC
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CNBC US Treasury yields fall amid central banking newsCNBCInvestor anxiety was brought back to the surface Wednesday, after minutes from the Federal Reserve's latest meeting were released. The U.S. Treasury is set to auction $29 billion in seven-year notes, while announcing the size of three individual bills …Europe Slumps, Wall Street Slips as Global Stocks […]

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Hundreds of KFC branches in the UK to remain closed amid ongoing chicken shortage – CNBC
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Telegraph.co.uk Hundreds of KFC branches in the UK to remain closed amid ongoing chicken shortageCNBCAround half of the fast-food chain's 900 stores in Britain were closed Tuesday evening. Many of those still open are offering a reduced menu or have cut their hours. Delivery firm DHL, which took on the contract last November with food […]

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Amazon is giving its Prime members with a Visa rewards card 5% back when shopping at Whole Foods – CNBC
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CNBC Amazon is giving its Prime members with a Visa rewards card 5% back when shopping at Whole FoodsCNBCAmazon is offering Prime members who use its Visa rewards card 5 percent cash back when they shop at Whole Foods. The U.S. e-commerce giant launched the the Amazon Rewards Visa Card last year. Prime members, who […]

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Most Asian markets advance after Wall Street's Friday rebound; oil prices rise – CNBC
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CNBC Most Asian markets advance after Wall Street's Friday rebound; oil prices riseCNBCAsian markets were mostly higher on Monday after U.S. stock indexes rebounded in the last session. Heavy declines were seen in Asian markets last week, with the Nikkei 225 down 11.4 percent from its 52-week high below its 52-week high as of Friday. […]

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Chipotle has a plan to regain customers it keeps losing to food safety issues – CNBC
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CNBC Chipotle has a plan to regain customers it keeps losing to food safety issuesCNBCChipotle knows that it has lost the trust of consumers and it's got a plan to revitalize its reputation. The company will be focusing on operational changes, digital innovation and restaurant renovations to enhance guest experience. Chipotle plans to …Chipotle's Still […]

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Lululemon CEO Laurent Potdevin resigns; retailer cites misconduct – CNBC
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CNBC Lululemon CEO Laurent Potdevin resigns; retailer cites misconductCNBCThe retailer said Potdevin "fell short of … standards of conduct" to respect employees and show integrity. Lululemon's board of directors has started searching for a new global CEO. Lauren Thomas | @laurenthomasx3. Published 4 Hours Ago Updated 2 …Lululemon's Chief Executive Resigns Over BehaviorNew York Times […]

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Staples taps former Coca-Cola exec as CEO, to replace Shira Goodman – CNBC
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CNBC Staples taps former Coca-Cola exec as CEO, to replace Shira GoodmanCNBCGoodman will be replaced by J. Alexander Douglas, who most recently served at Coca-Cola. The news comes just a few months after Staples was acquired by private-equity firm Sycamore Partners. Lauren Thomas | @laurenthomasx3. Published 1 Hour Ago Updated …Former top Coca-Cola executive to […]

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Dollar rallies off a 3-year low in sudden reversal after Trump says it will get 'stronger and stronger' – CNBC
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CNBC Dollar rallies off a 3-year low in sudden reversal after Trump says it will get 'stronger and stronger'CNBCThe dollar erased its losses and went positive after President Trump said Treasury Secretary Steven Mnuchin's remarks about a weak dollar being good for the economy were taken out of context. Mnuchin kicked off a two-day 2 […]

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