#Volkswagen nearing a deal with Carl Icahn to buy Navistar

#Volkswagen nearing a deal with Carl Icahn to buy Navistar

“#Volkswagen nearing a deal with Carl Icahn to buy Navistar” Volkswagen has been locked in a staring contest with Carl Icahn — and the billionaire is blinking. Navistar — the maker of the International brand of big-rig trucks whose big shareholders include Icahn and his former protégé Mark Rachesky — reached a deal in principle…

Read More
#Warner Bros. execs not interested in buying struggling theaters

#Warner Bros. execs not interested in buying struggling theaters

“#Warner Bros. execs not interested in buying struggling theaters” It looks like Hollywood has no plans to save the struggling movie theater business, despite being given the greenlight earlier this year to start owning cinemas again after a 72-year ban. Donna Langley, chairman of Universal’s filmed entertainment group and Ann Sarnoff, chair and chief executive…

Read More
#US retail sales smash expectations with 1.9 percent jump

#US retail sales smash expectations with 1.9 percent jump

“#US retail sales smash expectations with 1.9 percent jump” US retail sales accelerated their recovery from the coronavirus crisis in September as consumers splurged on clothes, hobbies and restaurants, the feds said Friday. Retailers raked in a total of $549.2 billion last month, a 1.9 percent increase from August’s levels that smashed economists’ expectations for…

Read More