Business - Page 11

Get the latest updates on the business world, from corporate news and startup trends to industry developments and market-leading companies shaping the economy.

Disney-Prepares-Leadership-Shift-as-James-Gorman-Steps-In-as-Chairman

Business

11 months ago

Disney Prepares Leadership Shift as James Gorman Steps In as Chairman

In a key leadership change, Disney has appointed James Gorman as its next board chairman, starting January 2024, as the company gears up for a new chapter in leadership. Gorman, who joined

Trump-Media-Co-Founders-Sell-Nearly-$100-Million-in-Stock-Following-Lockup-Expiration

Business

11 months ago

Trump Media Co-Founders Sell Nearly $100 Million in Stock Following Lockup Expiration

The co-founders of Trump Media & Tech Group, Andrew Litinsky and Wesley Moss, who were instrumental in launching the Truth Social platform, have reportedly sold nearly all their shares in the company.

DirecTV-Acquires-Dish-Network-in-Long-Awaited-Merger

Business

12 months ago

DirecTV Acquires Dish Network in Long-Awaited Merger

DirecTV announced on Monday that it will acquire rival Dish Network, marking the conclusion of decades of on-and-off merger discussions between the two satellite TV providers. Both companies have struggled to retain

CEO Departure Marks Challenges for Novo Nordisk

Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as part of an accelerated leadership transition, marking a significant shift in the company’s leadership. Former CEO Lars Rebien Sørensen, who currently serves

4 months ago

Business

Walmart Faces Tariff Pressures Despite Q1 Revenue Growth

Walmart (WMT) reported mixed results for its first-quarter earnings, navigating the challenges posed by President Trump’s tariffs. While the retailer saw a 2.5% increase in revenue to $165.6 billion, it fell short

4 months ago

Business

Ford Recalls 274,000 SUVs Over Brake Line Issue

Ford Recalls 274,000 SUVs for Brake Function Issue Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs across the U.S. due to a critical issue that may result in

4 months ago

Business

Hertz Stock Drops After Q1 Loss and $250 Million Offering

Hertz’s Disappointing Q1 Results Lead to Significant Stock Drop Shares of Hertz Global plunged by nearly 17% on Tuesday morning following a disappointing first-quarter earnings report and the announcement of a $250

4 months ago

Business

Microsoft Announces Layoffs Affecting 6,000 Employees

Microsoft to Lay Off 3% of Workforce Microsoft announced on Tuesday that it will reduce its workforce by 3%, affecting approximately 6,000 employees across various teams, levels, and regions. This is part

4 months ago

Business

GM’s Groundbreaking LMR Battery to Revolutionize EVs

GM to Launch New LMR Battery for Electric Trucks General Motors (GM) has announced its plan to introduce a groundbreaking lithium manganese-rich (LMR) prismatic battery for its electric trucks and SUVs. Targeted

4 months ago

Business

Trump’s Talks with Tim Cook Boost Apple Amid Tariff Pause

Apple Responds Positively to U.S.-China Tariff Pause On Monday, President Donald Trump revealed that he had spoken with Apple CEO Tim Cook following the announcement that the U.S. and China had agreed

4 months ago

Business

Global Retailers Adjusting to U.S. Tariff Uncertainty

As U.S. President Donald Trump’s most recent tariffs loom, several well-known international brands, including Pandora, Puma, and Hugo Boss, are reevaluating their pricing strategies and supply chains. These brands, alongside major players

4 months ago

Business

Ferrero Targets U.S. Market with New Products and Expansion

Ferrero North America is pushing forward with a bold strategy to win over more U.S. consumers by introducing innovative products and expanding its presence in the market. The company revealed several new

4 months ago

Business

Trump’s US-UK Trade Deal Boosts Boeing

President Donald Trump announced a breakthrough in the US-UK trade relationship, with the UK becoming the first realigned trading partner under his second term. The biggest winner of this deal is Boeing,

4 months ago

Business