Business

About 15 percent of their members also joined their flex program, a loyalty scheme that helps participants get priority bookings and better prices. A Roam spokesperson told CNBC they are not concerned about targeting demographics or the “proverbial late-twenties marketing freelancer.” “We don’t have any age limit or preference as it goes against what we
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J.C. Penney announced Tuesday that its holiday same-store sales fell 3.5 percent on an adjusted basis. The retailer also said it will start three preliminary store closures this spring. Penney said it will provide more information on store closures when it reports fourth-quarter results on Feb. 28. The company said it still expects to “generate
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A glut of patients who were prescribed Repatha, Amgen’s treatment for high cholesterol, but couldn’t pay for the pricey treatment, were top of mind in the company’s decision to cut the drug’s cost by 60 percent, Amgen Chairman and CEO Bob Bradway said Monday. In October, Amgen cut the price for a biweekly dose of
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Micron shares have finally bottomed after a year of steep losses and should perform better than the broader stock market in 2019, according to BMO Capital Markets. Analyst Ambrish Srivastava upgraded the beaten-up memory stock to outperform from market perform Monday, telling clients that the brokerage’s thesis on Micron has changed as shares cheapened as
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Apple announced a partnership with Samsung, one of its fiercest rivals, on Sunday morning. Soon, customers who owns select Samsung smart TVs will be able to access iTunes movie and TV content. AirPlay 2 support will let iPhone and iPad owners send content from their screens to the TVs, too. The announcement shows how much
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Apple posted a huge advertisement on the side of a hotel that overlooks the Las Vegas Convention Center, where rivals Google and Amazon are set to have a huge presence at this year’s CES. The message, which takes up about 13 floors of building, says : “What happens on your iPhone, stays on your iPhone”
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There’s a new class of retailers to pay attention to in 2019. And some of them could soon be opening up shop in your neighborhood. As decades-old brands like Victoria’s Secret, Gap, Claire’s and Mattress Firm are shutting stores across the U.S., combating sluggish sales thanks to lack of innovation, a group up-and-coming retailers —
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The National Football League (NFL) has launched voice-recognition content for Amazon’s virtual assistant Alexa that will teach fans about players, rules and the history of American football. Rolled out on Thursday, “The Rookie’s Guide to the NFL” will allow users to ask Alexa-enabled devices questions about the sport. The Alexa skill – a downloadable add-on
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Payments company Square has tapped Amrita Ahuja as its new CFO. Ahuja is currently CFO at Blizzard Entertainment, a division of Activision Blizzard. Ahuja replaces former Square CFO Sarah Friar who announced she was leaving the CFO post in October. Friar’s departure stunned investors and the stock is down about 30 percent since Friar made
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Netflix has pulled an episode of “Patriot Act with Hasan Minhaj” in Saudi Arabia at the request of the country’s government. The U.S. streaming service took down the episode, entitled “Saudi Arabia,” following a legal request from the Saudi Communications and Information Technology Commission, as it allegedly violated anti-cybercrime law. The news was first reported
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