Category Archives: CNN – Business

Viagogo’s $4 billion purchase of Stubhub is in trouble

Viagogo’s $4 billion purchase of Stubhub is in trouble

The $4 billion takeover of US ticketing resale platform StubHub by its European rival Viagogo was thrown into jeopardy on Thursday after Britain’s competition watchdog said it could require the companies to part ways. The Competition and Markets Authority (CMA) said in a statement that the deal is “likely to result in a substantial lessening…MORE

Invisalign maker gets big boost from TikTok star Charli D’Amelio

Invisalign maker gets big boost from TikTok star Charli D’Amelio

Invisalign maker Align Technology just blew past Wall Street’s forecasts, thanks to endorsements from one of TikTok’s biggest stars. Align Technology said in its third quarter earnings report Wednesday that sales of its Clear Aligner cases for teenagers rose nearly 26% from a year ago. That helped lift overall revenue and earnings, which topped Wall…MORE

Tesla is knocking on the door of the S&P 500

Tesla could have been added to the S&P 500 earlier this year. Instead, it was snubbed, shocking the bullish investors that have driven the company’s shares up more than 400% this year. But the electric carmaker’s pitch for joining the exclusive index of top US companies appears to be strengthening. What’s happening: Tesla reported its…MORE

American Airlines and Southwest trim losses but still lose billions of dollars

American Airlines and Southwest trim losses but still lose billions of dollars

American Airlines and Southwest Airlines both reported billions of dollars in losses Thursday, but that’s what passes for an improvement in the battered industry these days. American, the world’s largest airline, reported it lost $2.8 billion in the third quarter excluding special items. That’s down from the $3.4 billion it lost in the second quarter…MORE

Wendy’s just released a new fried chicken sandwich

Wendy’s just released a new fried chicken sandwich

Wendy’s is reentering the fried chicken sandwich battle with a new competitor. The chain has a rolled out the Classic Chicken Sandwich, which features a crispier and juicier fried-chicken filet compared to its predecessor and is topped with mayo, a slice of tomato, lettuce, and pickles — all placed on a toasted bun. The sandwich…MORE

HBO Max has added 8.6 million US subscribers

HBO Max has added 8.6 million US subscribers

HBO Max — WarnerMedia’s answer to Netflix, Disney+ and the like — is catching on quickly. The company doubled the number of HBO Max subscribers last quarter and now has 38 million HBO and HBO Max customers. That’s enough to surpass HBO’s year-end target. AT&T, which owns CNN parent company WarnerMedia and the fledgling streaming…MORE

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