Costco touts success of card scanner rollout; speeds up checkout process
Keith Fitz-Gerald, president of Fitz-Gerald Group, highlighted stocks of Costco, Palantir, and Lockheed Martin ahead of the market open. Costco recently introduced membership card scanners in front of warehouses in its U.S. stores and is already reaping the benefits, with the initiative being well-received by customers, Wholesale Club announced Friday. During Costco's fourth-quarter earnings conference, […]
Boeing Union Strike To Pummel Workers And Shareholders, Analysis Finds
The International Association of Machinists (IAM) union strike against Boeing is expected to result in a $1.05 billion loss for the company and its shareholders, as well as a significant loss for its workers and suppliers, according to an analysis by consulting firm Anderson Economic Group (AEG) released Thursday. Boeing and company shareholders are set […]
Smartmatic Settles Lawsuit With Newsmax Over 2020 Election Defamation Case
Newsmax and voting technology firm Smartmatic reached a settlement in their defamation lawsuit on Thursday. The last-minute agreement came just as jury selection began in a Delaware courtroom, with opening statements slated for Monday, according to CNN. Details of the settlement remain undisclosed, but Newsmax confirmed the resolution Thursday afternoon. “Newsmax is pleased to announce […]
Disney, Universal prep for Hurricane Helene
Dr. Andrew Forrest, founder and executive chairman of Fortescue, discusses whether Hurricane Helen's strength is linked to climate change on Barney & Company. Walt Disney World Resort and Universal Orlando have made some changes to their operations in preparation for Hurricane Helen. Thursday's Category 3 storm continues to move through the Gulf of Mexico toward […]
John Deere recalls 147,900 tractors over risk they could lose braking
In “The Bottom Line,” retired John Deere employee Chris Laursen reacts to the company's layoffs amid a production shift to Mexico. Agricultural equipment company John Deere is recalling approximately 147,900 small multi-purpose tractors in the United States due to the risk of brake failure and collisions. The recalled John Deere 1023E, 1025R, and 2025R light […]
Southwest to end open seating for 2026 flights in business model shakeup
Frank Lorenzo, author of “Flying for Peanuts,” shares what he's learned in the industry on “The Claman Countdown.” Southwest Airlines on Thursday announced changes to its long-standing business model in hopes of reversing turmoil caused by declining profits and a sagging stock price. The Dallas-based airline said in a press release that it is pivoting […]
Harley-Davidson recalls 41,000 motorcycles for wiring issue that could cause loss of power
See what's clicking on FoxBusiness.com. Harley-Davidson is recalling about 41,600 motorcycles because wiring inside the bikes could short out, causing a loss of power. In a report submitted to the National Highway Traffic Safety Administration (NHTSA), the company said that the voltage regulator output wire on the recalled 2024 FLHX, FLHXSE, FLTRX, FLTRXSE and FLTRXSTSE […]
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Former Treasury Secretary Steven Mnuchin and Contrast Securities CEO Alan Naumann, who have founded a new private equity firm, Liberty Strategic Capital, are discussing the agreement. Acquired by private equity firms Vista Equity Partners and Blackstone Software Maker Acquired Smartsheet for approximately $8.4 billion in cash. Vista and Blackstone announced Tuesday that they would pay […]
DOJ Files Suit Against Visa, Alleges Debit Card Market Monopoly
The U.S. Justice Department (DOJ) filed an antitrust lawsuit Tuesday in the Southern District of New York against Visa, accusing the credit card giant of abusing its market dominance to stifle competition in the debit card sector and inflate costs for consumers and businesses. The complaint alleges that Visa leverages its substantial network to unfairly […]
Visa sued by Justice Department over debit card market monopoly
See what's clicking on FoxBusiness.com. The Department of Justice (DOJ) on Tuesday Lawsuit against VisaThey claimed the company maintained an illegal monopoly on the U.S. debit card market. According to the Department of Justice complaint: Debit Card Transactions In the United States, it operates on the Visa debit network, and the company charges more than […]