Business - Page 3

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

6 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

6 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

Ben & Jerry’s Sues Unilever Over CEO Removal and Censorship

Escalating Dispute Between Ice Cream Brand and Parent Company Ben & Jerry’s has filed a new lawsuit against Unilever, accusing the conglomerate of unlawfully removing its CEO and censoring its social media

3 weeks ago

Business

Boeing Shares Surge as Japan Airlines Expands 737-8 Order

Japan Airlines Adds 17 More Boeing 737-8 Jets Boeing (BA) stock surged on Wednesday, leading S&P 500 gainers after Japan Airlines announced an additional order of 17 Boeing 737-8 aircraft. This follows

3 weeks ago

Business

Samsung Halts Investment in Mexico Amid Tariff Concerns

Samsung Cancels Expansion Plans Over Economic Uncertainty Samsung has decided to suspend future investments in Mexico due to growing economic uncertainty fueled by President Donald Trump’s proposed tariffs, according to multiple media

3 weeks ago

Business

PepsiCo Acquires Prebiotic Soda Brand Poppi for $2 Billion

PepsiCo announced Monday that it is acquiring prebiotic soda brand Poppi for nearly $2 billion, as it moves to capitalize on the growing demand for functional beverages. While overall soda consumption has

3 weeks ago

Business

Forever 21 Files for Bankruptcy Again, Blames Shein & Temu

Fast-fashion retailer Forever 21 has filed for bankruptcy protection for the second time in six years, citing competition from Shein and Temu as key factors in its collapse. The company’s U.S. operations

3 weeks ago

Business

FTC Says Amazon Trial Will Proceed as Planned

The U.S. Federal Trade Commission (FTC) confirmed Wednesday that it does not need to delay its September trial against Amazon (AMZN.O), reversing an earlier claim that resource shortfalls due to government cost-cutting

4 weeks ago

Business

Dollar General Reports Mixed Q4 Results, Plans Store Closures

Dollar General (DG) on Thursday posted fiscal fourth-quarter revenue that slightly exceeded Wall Street estimates, though profit took a hit due to a store portfolio review. Store Closures and Strategic Shift As

4 weeks ago

Business

Spirit Airlines Exits Bankruptcy, Eyes New Growth

Discount carrier Spirit Airlines (SAVEQ) has emerged from bankruptcy protection, finalizing a debt restructuring plan aimed at restoring profitability and strengthening its position in the competitive airline industry. Restructuring for a Stronger

4 weeks ago

Business

Deutsche Bank Flags Auto Sector as Key Risk

Deutsche Bank warned on Thursday that the auto sector poses a growing risk to its portfolio, citing potential U.S. tariffs, economic challenges, slow EV adoption, and competition from China. Auto Sector Under

4 weeks ago

Business

Volkswagen and Stellantis Avoid Tariffs While BMW Faces Levies

Automakers Volkswagen and Stellantis have confirmed that their North American-made vehicles will be exempt from U.S. President Donald Trump’s newly imposed 25% tariffs. Meanwhile, BMW has stated that it will face levies,

4 weeks ago

Business