Business - Page 14

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

6 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

7 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

7 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

U.S. Launches Sweeping Crackdown on China’s Semiconductor Industry

The United States on Monday announced its third major crackdown in three years on China’s semiconductor industry, imposing export restrictions on 140 companies. The effort, spearheaded by the Biden administration, aims to

5 months ago

Business

Intel CEO Pat Gelsinger Resigns Amid Struggles

Intel announced on Monday that CEO Pat Gelsinger has resigned, marking the end of a difficult stint during which the company struggled to compete in the rapidly evolving semiconductor and AI markets.

5 months ago

Business

Adani Group Faces $55 Billion Stock Market Loss Amid Fraud Indictment

India’s Adani Group announced a staggering $55 billion loss in market capitalization across its 11 listed companies following a fraud indictment by U.S. prosecutors. The charges, unveiled on November 20, allege that

5 months ago

Business

microsoft-ftc-scrunity-in-antitrust-investigation

Microsoft Faces FTC Scrutiny in Antitrust Investigation

Microsoft is under the lens of the Federal Trade Commission (FTC) as the agency launches a sweeping investigation into the company’s business practices. The FTC recently sent a letter demanding information from

5 months ago

Business

Banco BPM Faces Surprise Takeover Bid from UniCredit

Banco BPM SpA is at the center of Italy’s banking sector drama as it reviews an unexpected €10.1 billion takeover bid from UniCredit SpA. The unsolicited offer has sparked tensions within the

5 months ago

Business

Warren Buffett Details Plans to Distribute $147 Billion Fortune After Death

Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, celebrated Thanksgiving by continuing his tradition of giving. On Monday, he announced plans to donate over $1.1 billion in Berkshire Hathaway stock

5 months ago

Business

Macy’s Delays Earnings Report Amid $154 Million Accounting Scandal

Macy’s has postponed its quarterly earnings report after discovering a single employee had intentionally concealed $154 million in expenses over nearly three years. The accounting irregularities have raised concerns about oversight at

5 months ago

Business

Amazon Doubles Down on Anthropic with $4 Billion AI Investment

Amazon has announced a significant new investment of $4 billion in Anthropic, a leading artificial intelligence (AI) startup founded by former OpenAI executives. This move cements Amazon’s role in the rapidly evolving

5 months ago

Business

Target Warns of Weak Holiday Season as Middle-Class Shoppers Pull Back

Target has projected a lackluster holiday shopping season, forecasting flat sales for the year’s final quarter and lowering its profit outlook. The announcement comes alongside a modest 0.3% sales increase in its

5 months ago

Business

US Justice Department to Seek Breakup of Google’s Chrome Monopoly

The US Department of Justice (DoJ) is gearing up for a significant legal push to force Google, owned by Alphabet Inc., to divest its Chrome browser in an effort to dismantle the

5 months ago

Business