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Winter storm threatens East Coast, regions not used to heavy snow

Winter storm threatens East Coast, regions not used to heavy snow

About 240 million people were under cold weather advisories and winter storm warnings Saturday as a powerful system threatened to bring howling winds, flooding and heavy snow to the East Coast — including blizzard-like conditions stemming from a “bomb cyclone” in the Southeast, a forecaster said. Temperatures were plummeting even as tens of thousands of…

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Apple’s ‘staggering’ iPhone sales are from ‘pent-up demand’

Apple’s ‘staggering’ iPhone sales are from ‘pent-up demand’

Apple CEO Tim Cook called his company’s recent iPhone sales surge “simply staggering” on Thursday. What was behind the iPhone 17 family’s successful debut? Analysts have a few theories. The company topped Wall Street’s expectations in the most recent quarter, posting $143.76 billion in total revenue for the period that included a 23% year-over-year bump…

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Activist Dan Loeb dusts off his poison pen as he seeks a board refresh at CoStar Group

Activist Dan Loeb dusts off his poison pen as he seeks a board refresh at CoStar Group

Company: CoStar Group Inc (CSGP) Business: CoStar Group engages in the provision of online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the following segments: CoStar Portfolio, Information Services Portfolio, Multifamily Portfolio, LoopNet Portfolio and Other Marketplaces Portfolio. The CoStar Portfolio segment consists of two classes of…

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Kraft Heinz, Kellogg breakups show Big Food is getting smaller

Kraft Heinz, Kellogg breakups show Big Food is getting smaller

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Big Food is slimming down. As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting…

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Iranian media report explosion at southern port of Bandar Abbas

Iranian media report explosion at southern port of Bandar Abbas

An explosion occurred at Iran’s southern port of Bandar Abbas on Saturday, Iranian media reported, without giving a cause for the blast. The semi-official Tasnim news agency said that social media reports alleging that a Revolutionary Guard navy commander was targeted in the explosion were “completely false”. Iranian media said the blast was being investigated…

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