The future of Paramount Global seems to be hanging in the balance as the drama surrounding its ownership unfolds. The special committee overseeing the merger agreement with Skydance has decided to extend the “go shop” period by 15 days as it reviews a competing offer from Edgar Bronfman Jr. The initial offer from Bronfman was
Business
Ford Motor recently announced that it will be delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee. Instead, the company is canceling plans for a three-row electric SUV and shifting its focus towards the development of hybrid models and electric commercial vehicles. This decision comes as Ford aims to
Alaska Airlines successfully navigated the U.S. Justice Department’s investigation into its acquisition of Hawaiian Airlines, marking a significant milestone in the deal. The two carriers announced a $1.9 billion agreement to merge, making it the largest merger of U.S. carriers since Alaska merged with Virgin America eight years ago. However, the final approval from the
California Governor Gavin Newsom recently signed 10 new bills into law with the intention of cracking down on retail crime in the state. The package of new laws was announced on Friday and includes measures to address shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. These laws come
Starbucks, a renowned coffee giant, has been facing operational challenges in recent times. The proliferation of mobile orders has led to overcrowded cafes, frustrated customers, and overwhelmed baristas. The incoming CEO, Brian Niccol, who is set to take over on Sept. 9, will have the daunting task of addressing these issues to revitalize the struggling
SpaceX is gearing up to launch its much-anticipated Polaris Dawn mission at the end of this month. This mission, spearheaded by billionaire Jared Isaacman, marks a significant milestone in private space travel. Scheduled to take off from Florida on August 26th, the Polaris Dawn mission is the first of three flights acquired by Isaacman for
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has proven to be a game-changer in the movie industry. Surpassing the previous record-holder, “Joker,” this Disney and Marvel film has become the highest-grossing R-rated title of all time, grossing over $1.085 billion worldwide. The success of this film not only
Walmart’s CEO, Doug McMillon, recently announced that while prices have fallen for many items in the store, there is a stubborn resistance to inflation in the dry groceries and processed foods aisles. This includes products like carbonated soft drinks. The retail giant has been pressuring its suppliers to reduce prices, but McMillon emphasized that more
Starbucks recently made headlines by offering a lucrative compensation package to Brian Niccol, the incoming CEO and Chair. Niccol is transitioning from his previous role as chief executive at Chipotle Mexican Grill to lead Starbucks through a challenging period. The compensation package includes a substantial pay raise, one-time awards, and various incentives based on company
Home Depot, like many other businesses, is closely following the Federal Reserve’s potential interest rate cut. Chief Financial Officer Richard McPhail highlighted how homeowners are delaying moving into new houses or initiating major projects that require financing due to higher interest rates. This trend has only intensified with the anticipation of a rate cut in