Business - Page 7

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

Amazon Orders Employee Relocations Amid AI Job Fears

Thousands may be forced to move or resign as company tightens operations Amazon has begun quietly requiring corporate employees to relocate closer to their managers and teams, according to sources familiar with

3 months ago

Business

Air India Cuts 15% of International Flights

Service reduced amid crash aftermath and Middle East tensions Air India announced on Wednesday it will cut 15% of its international widebody flights starting June 20, citing operational challenges following a fatal

3 months ago

Business

Amazon to Shrink Corporate Staff as AI Use Grows

CEO Jassy says efficiency gains from AI will reshape workforce Amazon CEO Andy Jassy expects generative artificial intelligence to gradually reduce the company’s corporate workforce in the coming years, as the e-commerce

3 months ago

Business

Rolls-Royce Eyes Return to Narrow-Body Jet Market

CEO Confirms Renewed Focus on Single-Aisle Segment Rolls-Royce is actively pursuing a re-entry into the narrow-body jet engine market, according to CEO Tufan Erginbilgic. Speaking at the Paris Airshow, Erginbilgic reiterated that

3 months ago

Business

Amazon Pledges $20B for AI Data Centers in Australia

Amazon has announced a major expansion of its data center infrastructure in Australia, committing A$20 billion ($12.97 billion) from 2025 to 2029. The investment marks Amazon’s largest global technology initiative in Australia,

3 months ago

Business

Tesla Faces Declining Sales and Rising Competition

New data reveals that Tesla’s sales troubles are no longer confined to overseas markets but have now spread to the US. Tesla’s EV registrations fell sharply in April, while competitors like General

3 months ago

Business

JetZero Picks North Carolina for Z4 Jet Factory

JetZero Inc. announced plans to build its first manufacturing facility for the next-generation Z4 passenger jet in Greensboro, North Carolina. This ambitious project, estimated at $4.7 billion, aims to create more than

3 months ago

Business

Adobe Faces Investor Doubts Over AI Monetization

Adobe’s stock fell 7% in early trading on Friday as investor concerns grew over the pace at which its AI initiatives will generate returns. Despite raising its full-year revenue forecast, skepticism about

3 months ago

Business

AMD Unveils Next-Gen MI400 AI Chips, Competing with Nvidia

AMD’s New Chips and AI Strategy Advanced Micro Devices (AMD) announced details of its next-generation AI chips, the Instinct MI400 series, which will be available in 2025. These chips will be assembled

3 months ago

Business

Marelli Files for Chapter 11 Bankruptcy Protection

Marelli Seeks Restructuring with $1.1 Billion Financing Marelli Corp, a major supplier to Nissan, filed for Chapter 11 bankruptcy protection in the United States on Wednesday. The move follows months of uncertainty

3 months ago

Business