Business - Page 8

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

3 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

3 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

4 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 Invests in X-Energy to Boost SMR Development for Data Centers

Amazon has taken a significant step towards securing low-carbon energy for its data centers by acquiring a stake in U.S. nuclear developer X-energy. The investment is part of a broader collaboration to

3 months ago

Business

Walgreens to Close 1,200 Stores Amid Financial Challenges and Competition

Facing mounting pressure from online competition and declining earnings from prescription drugs, Walgreens, one of the largest U.S. drugstore chains, has announced plans to close approximately 1,200 stores over the next few

3 months ago

Business

Tesla Stock Dips as Autonomy Plans Leave Investors Doubtful

At Tesla’s eagerly awaited event on Thursday, CEO Elon Musk introduced bold visions for the future of autonomous vehicles, including a driverless “Cybercab,” a robovan, and even dancing humanoid robots. Held at

3 months ago

Business

U.S. Antitrust Case Against Google Could Reshape Tech Industry

The U.S. government is contemplating a major antitrust action against Google, reminiscent of the landmark breakup of AT&T into the “Baby Bells” over four decades ago. This potential move could fundamentally alter

3 months ago

Business

TD Bank Faces $3 Billion Fine, U.S. Growth Restrictions

TD Bank is facing significant regulatory challenges, with reports indicating that the Canadian financial institution could be hit with $3 billion in fines and new restrictions on its U.S. operations. These penalties

3 months ago

Business

Hurricane Milton Threatens $100 Billion Losses for Insurers

As Hurricane Milton barrels toward Florida’s Gulf Coast, analysts warn that the global insurance industry could face losses of up to $100 billion. The Category 5 storm, among the most powerful to

3 months ago

Business

Buffett’s Portfolio Shuffle Shows His Focus on Safety Amid Market Uncertainty

Warren Buffett, renowned as the Oracle of Omaha, has made a significant move in his portfolio recently, selling nearly $10 billion worth of Bank of America stock since the third quarter of

3 months ago

Business

East Coast Dockworkers Strike Halts Operations at North Carolina Ports

Shipping container operations at the Port of Wilmington, North Carolina, have come to a complete halt as tens of thousands of dockworkers across the East Coast go on strike. The labor action,

4 months ago

Business

OpenAI Faces Major Leadership Shakeup as Key Executives

OpenAI is undergoing a significant leadership transformation as three top executives, including Chief Technology Officer Mira Murati, announced their departure on Wednesday. This news marks another wave of high-profile exits for the

4 months ago

Business

Bank of America to Open Over 165 New Branches by 2026 Amid Strategic Expansion

Bank of America has revealed ambitious plans to open more than 165 new branches across the U.S. by the end of 2026, signaling its intent to intensify competition with industry rival JPMorgan

4 months ago

Business

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Business - Page 8

Disney Prepares Leadership Shift as James Gorman Steps In as Chairman

DirecTV Acquires Dish Network in Long-Awaited Merger

Amazon Invests in X-Energy to Boost SMR Development for Data Centers

Walgreens to Close 1,200 Stores Amid Financial Challenges and Competition

Tesla Stock Dips as Autonomy Plans Leave Investors Doubtful

U.S. Antitrust Case Against Google Could Reshape Tech Industry

TD Bank Faces $3 Billion Fine, U.S. Growth Restrictions

Hurricane Milton Threatens $100 Billion Losses for Insurers

Buffett’s Portfolio Shuffle Shows His Focus on Safety Amid Market Uncertainty

East Coast Dockworkers Strike Halts Operations at North Carolina Ports

OpenAI Faces Major Leadership Shakeup as Key Executives

Bank of America to Open Over 165 New Branches by 2026 Amid Strategic Expansion

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