Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales

Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales

NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales. The world’s fourth-largest carmaker announced that its board accepted Tavares’ resignation Sunday, effective immediately. Stellantis noted Sunday that … Read more

Stellantis CEO Carlos Tavares resigns amid problems in U.S.

Stellantis CEO Carlos Tavares resigns amid problems in U.S.

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine | Bloomberg | Getty Images DETROIT – Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board … Read more

Canada’s ambassador to the US says Trudeau’s dinner with Trump key to getting tariffs removed

Canada’s ambassador to the US says Trudeau’s dinner with Trump key to getting tariffs removed

TORONTO — Canada’s ambassador to the United States said Sunday that Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and key Cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into the U.S. is unfair. Kirsten Hillman, Canada’s ambassador in Washington, told The Associated … Read more

Luxury department store Printemps moves up US debut at One Wall Street, developer says

Luxury department store Printemps moves up US debut at One Wall Street, developer says

Printemps, the French luxury department store, will open its first US location in March, One Wall Street developer Harry Macklowe says. The eagerly awaited launch – previously reported as happening in the spring — might be the most momentous debut ever in the retail-deprived FiDi neighborhood. French luxury department store Printemps will open its first … Read more

Black Friday spending in US retail stores muted compared to online purchases

Black Friday spending in US retail stores muted compared to online purchases

Black Friday spending in US retail stores was muted this year in contrast to a more robust rise online, as bargain-hungry Americans skipped stores in favor of their phones and laptops, according to data from Mastercard and other data providers. Sales at brick-and-mortar stores grew just 0.7% year-over-year, according to preliminary estimates by payments processor Mastercard, … Read more

Disney’s ‘Moana 2’ smashes Thanksgiving box office record with $221 million

Disney’s ‘Moana 2’ smashes Thanksgiving box office record with 1 million

Walt Disney Co.’s animated sequel “Moana 2” navigated its way to No. 1 at the box office with a record-breaking domestic Thanksgiving weekend debut, a remarkable feat considering that this big-screen return to Motunui almost didn’t happen. Led again by actors Auli’i Cravalho and Dwayne Johnson, “Moana 2” scored $221 million domestically for the five-day … Read more

‘Moana 2’ sails to a record $221 million opening as Hollywood celebrates a moviegoing feast

‘Moana 2’ sails to a record 1 million opening as Hollywood celebrates a moviegoing feast

NEW YORK — Christmas came early at the box office this year. “Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend, setting records with $221 million in ticket sales, according to studio estimates Sunday. That, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas and a … Read more

New Coney Island ‘green’ giant adds popular coffee chain

New Coney Island ‘green’ giant adds popular coffee chain

Improvement comes slowly to Coney Island’s retail and eating scenes. So we’re glad to report every new arrival. LCOR’s 1515 Surf Avenue is among several new apartment projects bringing middle-class residents to the oceanfront neighborhood.  The new 1515 Surf Ave. in Coney Island features more than 320 market-rate and 130 affordable rental apartments. LCOR The developers … Read more

NYC office tower spending $30M in upgrades on ameneties like bowling, golf, speakeasy

NYC office tower spending M in upgrades on ameneties like bowling, golf, speakeasy

The latest midtown location to join the fun-for-tenants party is Global Holdings’ Art Deco-style 99 Park Ave. at East 40th Street. The firm’s $30 million investment will bring the 1950s-vintage property a redesigned lobby and a tenants’ amenities package, including an “intimate speakeasy, an entertainment lounge, bowling alley and golf simulator. The upgrades will be … Read more