CNBC Business

Adidas on Wednesday reported a substantial fourth-quarter loss and slashed its dividend, following the costly termination of its partnership with Kanye West's Yeezy brand in October.

The EV maker had $12.1 billion on hand as of the end of 2022, enough to fund its operations through 2025.

WeightWatchers has agreed to acquire telehealth obesity treatment company Sequence.

Cox Automotive reports wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the two months since 2009.

The National Transportation Safety Board has opened a special investigation into Norfolk Southern after recent derailments in Ohio.

Global brands such as Nike, Coca-Cola and Delta are coming together to elevate investment in women's sports.

Satellite imagery specialist BlackSky announced a multiyear defense contract worth over $150 million for an unnamed international government customer.

Dick's Sporting Goods same-store sales increased 5.3% in the fourth quarter, more than double analyst's estimates of 2.1%.

Since Howard Schultz returned to the helm of the company in April last year, Starbucks has taken a more aggressive approach to oppose a union push.

JetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit.

Lego sales rose as customers bought bigger, more complicated sets such as those from the Harry Potter and Star Wars lines.

The retailer is expanding its health-care business as sales of other consumer electronics slow.

Alec Baldwin's lawyers say the special prosecutor, Andrea Reeb, isn't permitted by New Mexico's Constitution to try the case.

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.

A Norfolk Southern spokesman told CNBC the train carrier is now mandating that any trains over 10,000 feet use distributed power.

Lordstown ended the year with over $220 million in cash as it pivots to work with Foxconn on a new electric vehicle program.

Switzerland requires milk-based products promoting themselves as Swiss to be made entirely within the country.

Altria's deal to buy NJOY comes after the Marlboro maker exited its position in Juul Labs.

U.S. consumers spent nearly $1 billion last year buying air fryers, up 51% from 2019.

SiriusXM CEO Jennifer Witz told staff on Monday the company is cutting 8% of its workforce, or 475 roles.