Business

FILE - In this Dec. 16, 2019, file photo, Disney CEO Robert Iger arrives at the world premiere of "Star Wars: The Rise of Skywalker", in Los Angeles The Walt Disney Co. has named Bob Chapek CEO, replacing Bob Iger, effective immediately, the company announced Tuesday, Feb. 25, 2020. (Jordan Strauss/Invision/AP, FIle)

Associated Press

February 25, 2020 - 4:52 pm

Disney CEO Bob Iger Steps Down, Bob Chapek Named New Head

NEW YORK (AP) — Disney CEO Bob Iger, who steered the company's absorption of Star Wars, Pixar, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday. The Walt Disney Co. named as his...

(Photo by Spencer Platt/Getty Images)

Andy Giersher

February 24, 2020 - 6:25 pm

After The Bell: Stocks Plunge Amid New Coronavirus Cases

The S&P 500 shed 111, the NASDAQ lost 355 and the Dow Jones industrial average closed down over 1000 points, settling to 27,960.

FILE - In this April 18, 2016 file photo a person looks at Intuit TurboTax software on display at a retailer in Foster City, Calif. Intuit announced Monday, Feb. 24, 2020, that it is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal. (Peter Barreras/AP Images for Turbo Tax Via AP, File)

Associated Press

February 24, 2020 - 5:38 pm

Intuit Buying Credit Karma In $7.1B Deal

Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into the financial products realm. The agreement announced Monday would bring together the maker of TurboTax, QuickBooks and other personal finance tools with one focusing on...

FILE- In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)

Associated Press

February 20, 2020 - 3:54 pm

A Diminished Victoria's Secret Is Sold

NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more...

Andy Giersher

February 19, 2020 - 5:50 pm

After The Bell: Can China's Reports On Virus Be Trusted?

The S&P 500 on Wednesday gained 15, the NASDAQ added 84 and the Dow Jones industrial average closed up over 115 points, settling to 29,348.

A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)

Associated Press

February 17, 2020 - 6:16 pm

Pier 1 Files For Bankruptcy Protection Amid Online Challenge

Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...

FILE - In a Feb. 14, 2020 file photo, employees wear face masks as they stand in a reopened Apple Store in Beijing. Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday, Feb. 17, 2020 that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. (AP Photo/Mark Schiefelbein, File)

Associated Press

February 17, 2020 - 4:17 pm

Apple Warns China Virus Will Cut iPhone Production, Sales

CUPERTINO, Calif. (AP) — Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday that all of its iPhone manufacturing facilities are outside Hubei...