Category Archives: CNN – Business

‘The Lion King’ rules with big box office opening for Disney

‘The Lion King’ rules with big box office opening for Disney

Disney’s “The Lion King” blew past industry expectations with a huge box office opening this weekend. The film, which is a reboot of the studio’s 1994 animated classic, has made an estimated $531 million worldwide in 10 days of release. That includes an estimated $185 million opening this weekend in North America. Analysts had projected…MORE

In this market, nearly everything is up. How long can that last?

In this market, nearly everything is up. How long can that last?

1. All boats rising: US stocks, bonds, oil, the dollar, gold … you name the asset, and it’s probably up this year. But how long can the euphoria last? In June, Federal Reserve Chairman Jerome Powell indicated the central bank would do whatever necessary to ensure the continued expansion of the US economy. That has…MORE

‘Avengers: Endgame’ passes ‘Avatar’ to become the highest-grossing film ever

‘Avengers: Endgame’ passes ‘Avatar’ to become the highest-grossing film ever

“Avengers: Endgame,” the Disney and Marvel blockbuster, will move past “Avatar” on the list of all-time highest grossing films on Sunday in its 13th weekend of release, Disney reported Saturday night. “Avatar,” James Cameron’s science fiction film set on the planet of Pandora, held the record for 10 years. The latest “Avengers” film, starring Robert…MORE

Equifax reportedly near deal to pay about $700 million over data breach

Equifax reportedly near deal to pay about $700 million over data breach

Credit reporting agency Equifax is nearing a deal to pay about $700 million to state and federal regulators to settle probes stemming from a data breach that exposed the personal information of nearly 150 million people, according to two published reports. Funds from the settlement will go toward compensating consumers for the cost of the…MORE

Zara wants all its clothes to be made from sustainable fabrics by 2025

Zara wants all its clothes to be made from sustainable fabrics by 2025

Fast fashion retailer Zara is going green. All of the cotton, linen and polyester used by Zara will be organic, sustainable or recycled by 2025, parent company Inditex announced this week. The Spanish retail conglomerate said the goal will extend to its other brands, including Zara Home, Pull & Bear and Bershka. Inditex made the…MORE

‘The Lion King’ could seal Disney’s reign over the box office

‘The Lion King’ could seal Disney’s reign over the box office

The US box office is struggling, but you wouldn’t know it if you only looked at Disney’s coffers. The House of Mouse owns the top four highest-grossing films of 2019, including “Avengers: Endgame,” “Captain Marvel,” “Aladdin” and “Toy Story 4.” “Endgame” shattered records when it opened in April and has made more than $2.7 billion…MORE

Carl Icahn declares war over huge oil takeover

Carl Icahn declares war over huge oil takeover

Carl Icahn believes Occidental Petroleum badly overpaid for oil driller Anadarko Petroleum. Now, he wants four Occidental directors to pay for that controversial deal — with their jobs. The famed activist investor officially declared war on Occidental’s board on Thursday by filing the paperwork required to begin the process of ousting and replacing a chunk…MORE