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Vince McMahon will step down during WWE misconduct probe

Vince McMahon is stepping down as CEO and chairman of WWE during an an investigation into alleged misconduct involving the longtime leader and public face of the organization. McMah...

After rough run, Kohl's surges on potential takeover

Shares of Kohl's spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday ...

Bidding war for Spirit Airlines heats up ahead of vote

The bidding war over Spirit Airlines is ramping up again with JetBlue boosting its offer for the discount carrier just days after rival Frontier upped its own bid for Spirit. Spirit...

Walmart adding 4 fulfillment centers, more than 4,000 jobs

Walmart is adding four new fulfillment centers to its existing capacity, a move that will bring more than 4,000 jobs and make next- or two-day shipping available to more Americans. T...

Stellantis, Controlled Thermal in lithium hydroxide deal

Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America. CTR will supply S...

Broadcom to buy VMware for $61 billion in big tech tie-up

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncert...

Social media hammered by mounting questions over advertising

Social media has had a rough 2022 with lingering questions about advertising spending, political ads and a $44 billion takeover of Twitter that may or may not be happening, depending on which Elon Mus...

Spirit tells shareholders to reject hostile bid from JetBlue

Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. ...

Home Depot overcomes slow start to year, rising home prices

Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easi...

Tupperware struggles in Q1, withdraws guidance, taps new CFO

Tupperware's turnaround isn't exactly going as planned, with inflation, COVID-19 and Russia's invasion of Ukraine all weighing on the consumer products company. Sales dropped 16% in ...

MyPillow CEO Mike Lindell gets banned from Twitter, again

MyPillow CEO Mike Lindell was banned from Twitter for a second time after attempting to use a new account to access the social media platform. Lindell set up a new account Sunday on ...

Caterpillar sales surge in first quarter, but so do costs

Caterpillar's first-quarter sales climbed on strong demand for construction equipment despite supply chain challenges that continue to plague businesses ranging from car and phone makers to grocery st...

GM to offer electrified Corvette as early as next year

General Motors says it will offer an electrified Chevrolet Corvette as early as next year. President Mark Reuss said in a statement on LinkedIn Monday that the automaker will also s...

Bed Bath & Beyond snared by ongoing supply issues

Bed Bath & Beyond was unable to overcome supply issues during the final quarter of the year that have tripped up the home goods chain for months and it warned Wednesday that those problems are car...

ConAgra cuts outlook as inflation outpaces its price hikes

ConAgra cut its outlook for the year with inflation outpacing the price hikes put into place by the major food producer. The cost of goods increased 10.1%. during the quarter and on...