Airline Ditches Drink Service | Manson Mansion Rents For $248K A Month: CA Business News

CALIFORNIA — This week in California business news: A major airline is ditching drink service on some flights from California airports, Raising Cane’s is continuing its rapid expansion across the state with a slew of new locations, and one Golden State city was recently named the top pick for Gen Z graduates. Additionally, a home…

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Lululemon proxy war with Chip Wilson goes public, sets annual meeting

Lululemon is showing its teeth.  The Vancouver, British Columbia-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show.  The letter, Lululemon’s first major public…

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UnitedHealth Group stock slides after Berkshire Hathaway exits position in the health insurer

What happened: UnitedHealth Group (UNH) stock dropped 0.7% on Monday. What’s moving the stock: Berkshire Hathaway (BRK-A, BRK-B) disclosed that it no longer holds a position in the health insurer. Berkshire said it sold its entire stake of more than 5 million UnitedHealth shares in the last quarter. In a 13F filing detailing holdings as…

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NextEra bets $66.8B on AI power boom with Dominion Energy acquisition

A ‘Mornings with Maria’ panel analyzes the markets, the impact from the conflict in Iran and investing in companies that the government has a stake in. NextEra Energy is making a massive $66.8 billion bet that America’s artificial intelligence boom will drive a historic surge in electricity demand, announcing plans to acquire Dominion Energy in…

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