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

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

Union Pacific Seeks $85B Merger With Norfolk Southern

Transcontinental Rail Giant in the Making Union Pacific has proposed an $85 billion acquisition of Norfolk Southern, a landmark deal that would create the first U.S. transcontinental freight railroad. The merger would

2 months ago

Business

Boeing Cuts Losses as Aircraft Deliveries Surge

Strongest Quarter for Deliveries Since 2018 Boeing reported a significant improvement in its second-quarter performance, with the company delivering 150 aircraft — its highest since 2018 — and reducing losses compared to

2 months ago

Business

Starbucks Sees Sales Slide, But CEO Signals Turnaround

Same-Store Sales Decline for Sixth Straight Quarter Starbucks reported a 2% global same-store sales drop in its fiscal third quarter, marking the sixth consecutive quarterly decline. Despite that, CEO Brian Niccol remains

2 months ago

Business

Volkswagen Cuts Forecasts After $1.5B Tariff Blow

Trade War Hits VW’s Bottom Line Volkswagen reported a €1.3 billion ($1.5 billion) first-half hit from U.S. tariffs, prompting the German automaker to slash its 2025 full-year sales and profit margin forecasts.

2 months ago

Business

Intel Shares Plunge After Foundry Strategy Shakeup

Strong Earnings Overshadowed by Manufacturing Uncertainty Intel’s stock tumbled more than 8% on Friday, despite better-than-expected second-quarter earnings. The sharp decline came as investors reacted to the company’s plan to slash foundry

2 months ago

Business

Nvidia Responds to Smuggling Claims, Defends Chip Policy

Unauthorized Chip Use in China Sparks Firm Rebuke Nvidia issued a strong statement denouncing the illegal use of its chips in Chinese data centers, calling it a “losing proposition” for companies trying

2 months ago

Business

Chipotle Slashes Sales Outlook Amid Traffic Decline

Second Consecutive Forecast Cut as Consumer Visits Drop Chipotle Mexican Grill has lowered its outlook for same-store sales in 2025, expecting flat growth instead of the modest increase it previously anticipated. The

2 months ago

Business

CN Lowers Forecast as Trade Uncertainty Clouds Outlook

Rail Giant Withdraws Multi-Year Guidance, Cites Tariff Disruption Canadian National Railway has pulled its long-term financial guidance, citing persistent uncertainty around tariffs and international trade. The Montreal-based company reported modest profit growth

2 months ago

Business

7-Eleven Owner Rebuts Couche-Tard’s Failed Deal Claims

Seven & i Accuses Couche-Tard of Misrepresenting Negotiations The parent company of 7-Eleven, Seven & i Holdings, has issued a firm response to Couche-Tard’s explanation for the breakdown of their takeover negotiations.

2 months ago

Business

Uber, Lucid and Nuro Launch Global Robotaxi Program

New Alliance Aims to Deploy 20,000 Robotaxis Uber has announced a major expansion into autonomous mobility by partnering with electric vehicle maker Lucid and self-driving tech firm Nuro to launch a next-generation

2 months ago

Business