Business - Page 2

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

4 weeks 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

1 month 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

2 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

Home Depot Cofounder Bernie Marcus Dies at 95

Bernard “Bernie” Marcus, cofounder of Home Depot and a prominent Republican donor, passed away at the age of 95, the company announced on Tuesday. Marcus, who amassed a fortune through his pioneering

2 weeks ago

Business

Boeing CEO Faces Major Challenges After Strike Ends

After a seven-week strike that disrupted operations at Boeing, newly appointed CEO Kelly Ortberg now faces the daunting task of repairing a divided and demoralized company. The narrow vote to accept Boeing’s

2 weeks ago

Business

Why Warren Buffett’s Berkshire Is Selling Apple Stock

Warren Buffett’s Berkshire Hathaway, long one of Apple’s largest shareholders, has been quietly reducing its stake in the tech giant throughout 2024. At the start of the year, Berkshire owned 907.6 million

2 weeks ago

Business

Starbucks CEO Plans Return to Personal Touches to Revive Café Experience

In an effort to bring Starbucks back to its roots and address declining customer traffic, CEO Brian Niccol announced a return to personal touches like handwritten names on cups, ceramic mugs, and

3 weeks ago

Business

Judge Pauses Lawsuit to Block Elon Musk’s $1 Million Voter Giveaway in Key Swing States

In a closely watched case just days before the U.S. presidential election, a Pennsylvania judge announced he would pause a lawsuit seeking to halt Elon Musk’s controversial $1 million voter giveaway. The

3 weeks ago

Business

Can Volkswagen Cost-Cut Its Way Out of Crisis as Competition Intensifies?

Volkswagen (VW) is embarking on a sweeping cost-cutting plan, including German plant closures and thousands of job cuts, as it contends with steep profit declines and growing competition from Chinese automakers. With

3 weeks ago

Business

Pfizer Raises Revenue Outlook Amid Pressure to Prove Post-COVID Value

Pfizer has raised its revenue and earnings outlook for the year, now expecting between $61 billion and $64 billion in revenue and adjusted earnings per share of $2.75 to $2.95. This optimistic

3 weeks ago

Business

JPMorgan Cracks Down on ATM Fraud as Viral “Infinite Money” Glitch Sparks Legal Wave

JPMorgan Chase has taken a strong stand against alleged ATM fraud following a viral “infinite money glitch” that shook social media and, soon after, the banking world. This technical loophole allowed some

3 weeks ago

Business

Southwest Airlines Strikes Deal with Elliott Investment to Avoid Proxy Fight

Southwest Airlines has reached an agreement with activist hedge fund Elliott Investment Management, effectively averting a potential proxy fight. The deal involves naming six new directors to Southwest’s board, including five from

4 weeks ago

Business

Boeing Reports $6.17 Billion Loss in Q3 as Labor Vote Looms

Boeing continues to face a challenging year, with its third-quarter earnings report revealing a net loss of $6.17 billion, adding to a total loss of nearly $8 billion so far in 2024.

4 weeks ago

Business