Business - Page 21

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

9 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

10 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

10 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

goldman-raises-ceo-solomon’s-pay-to-$39m,-adds-$80m-bonus

Goldman Sachs Boosts CEO David Solomon’s Pay to $39M, Adds $80M Retention Bonus

Goldman Sachs Increases CEO Compensation and Locks in Leadership Goldman Sachs has raised CEO David Solomon’s compensation by 26% to $39 million for 2024, according to a regulatory filing. Additionally, the firm’s

6 months ago

Business

supreme-court-upholds-tiktok-ban,-forcing-bytedance-to-divest

Supreme Court Upholds TikTok Ban Law, Forcing ByteDance to Divest

U.S. Supreme Court Rules Against TikTok’s Parent Company In a unanimous decision, the U.S. Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday, January

6 months ago

Business

American Express to Pay $230 Million to Settle U.S. Probes

Settlement Reached Over Deceptive Sales Practices American Express (NYSE: AXP) announced on Thursday that it will pay approximately $230 million to settle U.S. criminal and civil investigations into alleged deceptive sales practices

7 months ago

Business

blue-origin-new-glenn-rocket-successfully-reaches-orbit

Blue Origin’s New Glenn Rocket Successfully Reaches Orbit

Historic First Flight for Blue Origin’s Heavy-Lift Rocket Blue Origin, the space launch company founded by Jeff Bezos, successfully tested its New Glenn heavy-lift rocket for the first time early this morning.

7 months ago

Business

Tesla Discounts Cybertruck Amid Slowing Production and Sales

Price Cuts on New and Demo Cybertruck Models Tesla has started offering discounts on new Cybertruck vehicles in its inventory, marking the latest shift in pricing strategy for the highly anticipated electric

7 months ago

Business

Wells Fargo Shares Soar After Beating Earnings Estimates and Issuing Strong 2025 Guidance

Fourth-Quarter Earnings Exceed Expectations Wells Fargo reported better-than-expected earnings for the fourth quarter of 2024, sending shares up over 5% on Wednesday. Here are the key highlights compared to Wall Street’s expectations:

7 months ago

Business

meta-to-lay-off-5-percent-of-workforce-in-2025-performance-driven-cuts

Meta to Lay Off 5% of Workforce in 2025 Performance-Driven Cuts

Meta Announces Workforce Reductions Meta has confirmed plans to cut approximately 5% of its workforce, targeting the company’s lowest-performing employees. The move was detailed in an internal memo from CEO Mark Zuckerberg,

7 months ago

Business

JPMorgan Promotes Jennifer Piepszak to COO Amid Leadership Shuffle

JPMorgan Promotes Jennifer Piepszak to COO Amid Leadership Shuffle JPMorgan Chase announced a significant management reshuffle on Tuesday, naming Jennifer Piepszak as the new chief operating officer (COO). However, the nation’s largest

7 months ago

Business

China Reportedly Weighs Elon Musk Acquisition of TikTok’s U.S. Operations

China Reportedly Weighs Elon Musk Acquisition of TikTok’s U.S. Operations The Chinese government is reportedly considering a plan for Elon Musk to acquire TikTok’s U.S. operations as a contingency to prevent the

7 months ago

Business

Insurers Face Heavy Losses as California Wildfires Drive Stock Selloff

Insurers Face Heavy Losses as California Wildfires Drive Stock Selloff Shares of major insurance companies tumbled Friday as devastating wildfires in Los Angeles escalated, prompting concerns about record-breaking insured losses. Allstate, Chubb,

7 months ago

Business