In the midst of an inflation-fueled sales slump in the toy industry, Lego has emerged as a standout performer. The Danish toymaker reported a 13% increase in revenue during the first six months of 2024, reaching a total of 31 billion Danish krone, equivalent to about $4.65 billion. CEO Niels Christiansen attributes this growth to
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Dallas Mavericks and New Orleans Pelicans fans are eagerly anticipating a new way to watch their local games in the upcoming NBA season. This transition comes as both teams are departing from their regional sports networks owned by Diamond Sports, as stated in a recent bankruptcy court filing. With the NBA season slated to commence
Cava reported a robust quarter with better-than-expected earnings and revenue, which led to an increase in its full-year outlook. The Mediterranean restaurant chain saw its net income soar to $19.7 million, or 17 cents per share, compared to $6.5 million, or 21 cents per share, in the previous year. Net sales also climbed a remarkable
Edgar Bronfman Jr. has made an offer for a controlling stake in Paramount Global that could potentially keep Shari Redstone closely linked to the company. If his bid is successful, Bronfman is open to having Redstone, who currently holds the position of non-executive chairman at Paramount, continue to be involved with the company. This offer
Boeing’s Starliner capsule will be returning from the International Space Station without the NASA astronauts it delivered to orbit in early June. This decision was announced by NASA on Saturday, marking a significant change in plans for the organization. The astronauts, Butch Wilmore and Suni Williams, will now return via SpaceX’s Dragon spacecraft, which is
The Biden administration recently announced that it will be providing free at-home Covid-19 tests to American households starting in late September. This initiative comes at a crucial time as the virus continues to spread rapidly across the country, especially during the summer months. Through the COVIDtests.gov platform, Americans will have the opportunity to request up
The future of Paramount Global is still up in the air, with a number of competing offers being thrown into the mix. Edgar Bronfman Jr. recently made a bid for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, initially offering $4.3 billion. However, shortly after, Bronfman upped the ante with a revised offer of
Ford Motor recently announced a major shift in its electric vehicle strategy, delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee. The company also decided to cancel plans for a three-row electric SUV and prioritize the development of hybrid models and electric commercial vehicles. This decision marks a significant
Alaska Airlines has successfully navigated through the U.S. Justice Department’s regulatory investigation to acquire Hawaiian Airlines. This comes after an extensive period of examination where antitrust regulators reviewed the proposed $1.9 billion deal between the two carriers. The fact that no lawsuit was filed to block the deal indicates that the DOJ has given its
Boeing announced on Monday that it has temporarily halted flight tests of its 777X aircraft after identifying structural damage in one of the wide-body planes. The damage was found in a custom part located between the engine and the aircraft structure during routine maintenance. As a result, the company has grounded the other three 777-9