Calvin Klein and Tommy Hilfiger parent says Larsson will become CEO

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Calvin Klein and Tommy Hilfiger parent says Larsson will become CEO

Apparel company PVH Corp., parent of Calvin Klein, Tommy Hilfiger and Izod, said Stefan Larsson will become CEO in February. Larsson, 46, will replace Manny Chirico, 63, who has been CEO of the New York City-based company (NYSE: PVH) since 2006.
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Joe Biden said the economic recovery is 'K-shaped.' Here's what that means

New York (CNN Business) The American economy is recovering. That’s not up for debate. But the manner in which the economy is bouncing back is very much disputed by economists and politicians. Joe Biden says it’s a “K-shaped” recovery. Donald Trump …
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Pending home sales hit record in August

The number of homes under sales contract hit a record high in the National Association of Realtors’ 19-year history of monthly surveys. The number of pending homes increased 8.8 percent since July and were up nearly a quarter since last August.
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Penn National gets a pair of Wall Street target hikes on Barstool betting app debut

(This story is for CNBC Pro subscribers only). Two Wall Street firms said Wednesday that they aren’t backing away from Penn National Gaming after the stock ripped higher over the past two months. JPMorgan and Rosenblatt Securities both raised their price …
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Texas is emerging solar power capital, with assist from San Antonio's CPS Energy

In southern Bexar County, an array of solar panels spans nearly a mile end-to-end, nestled amid green pastures and South Texas homesteads. The solar farm holds tens of thousands of solar panels that feed into CPS Energy’s power system, providing nearly …
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