Cox Automotive reports wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the two months since 2009.
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Justice Department sues to block JetBlue’s acquisition of Spirit Airlines
JetBlue’s takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit.
Continue readingBest Buy will set up in-home hospital care through a new deal with Atrium Health
The retailer is expanding its health-care business as sales of other consumer electronics slow.
Continue readingLego sales leap 17% as fans buy bigger, more complicated sets
Lego sales rose as customers bought bigger, more complicated sets such as those from the Harry Potter and Star Wars lines.
Continue readingParamount Global considers selling majority stake of BET Media Group, sources say
Paramount Global is exploring a majority stake sale of BET Media Group but isn’t looking to sell off other parts of the business, sources say.
Continue readingMarlboro maker Altria agrees to buy e-cigarette startup NJOY for nearly $2.8 billion
Altria’s deal to buy NJOY comes after the Marlboro maker exited its position in Juul Labs.
Continue readingSiriusXM cuts 8% of its workforce as part of a broader reorganization
SiriusXM CEO Jennifer Witz told staff on Monday the company is cutting 8% of its workforce, or 475 roles.
Continue readingNorfolk Southern makes broad safety adjustments after third train derailment
A Norfolk Southern spokesman told CNBC the train carrier is now mandating that any trains over 10,000 feet use distributed power.
Continue readingToblerone chocolate to cut iconic Matterhorn logo from packaging due to ‘Swissness’ laws
Switzerland requires milk-based products promoting themselves as Swiss to be made entirely within the country.
Continue readingProsecutors in Alec Baldwin ‘Rust’ shooting case are getting heat over apparent missteps
Alec Baldwin’s lawyers say the special prosecutor, Andrea Reeb, isn’t permitted by New Mexico’s Constitution to try the case.
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