Boeing has told employees that it discovered foreign-object debris in fuel tanks of “several” 737 Max planes the manufacturer has in storage, CNBC learned Tuesday. Foreign object debris “is absolutely unacceptable,” Boeing Commercial Airplanes executive Mark Jenks, a vice president and general manager of the 737 program and Renton production facility, according to the company’s
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Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond is beginning to test changes in stores that it eventually could roll out to hundreds of locations, if it can draw shoppers in. The big-box retailer said Tuesday it plans to spend up
Walmart logo is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Yichuan Cao | NurPhoto | Getty Images Walmart CEO Doug McMillon said Tuesday the retailer’s heavy spending on e-commerce has built a thriving online grocery business and touted that it has a strong portfolio of brands and
A container of Dean Foods Co. Dairy Pure brand sour cream is displayed for a photograph in Dobbs Ferry, New York, U.S., on Wednesday, Feb. 20, 2019. Tiffany Hagler Geard | Bloomberg | Getty Images Dairy Farmers of America announced Monday that it has agreed to buy Dean Foods, America’s largest milk producer, for $425
Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. OR As Walmart’s online sales grow, the retailer has seen its e-commerce losses grow, too. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Ark.-based retailer is spending heavily to
Hollywood has long tried to capitalize on the financial success and cultural relevance of video games by turning them into feature-length films. Unfortunately, there has always seemed to be something lost in translation between the game controller and the theater. These films have tended to make back their production budgets — so studios keep making
A woman shops for clothing at the JC Penney Co. store inside the Roosevelt Field Mall in Garden City, New York. Saul Martinez | Bloomberg | Getty Images The apparel industry had a really tough start to 2020, as consumers are buying fewer and fewer items to stock their closets, and companies that typically sell
National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC. Samuel Corum U.S. health officials will monitor people with flu-like symptoms for the coronavirus
Riyad Mahrez of Manchester City in action during the Premier League match between Manchester City and Huddersfield Town at Etihad Stadium on August 19, 2018 in Manchester, United Kingdom. Michael Regan/Getty Images The Union of European Football Associations (UEFA) declared on Friday it has banned Manchester City from European competitions for two seasons for “serious