The future of Paramount Global is currently hanging in the balance as competing offers are being considered. The special committee of Paramount has extended the “go shop” period of its merger agreement with Skydance by 15 days to review a newly proposed offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion for National Amusements,
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Ford Motor’s recent announcement about delaying the production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV signifies a significant shift in the company’s electric vehicle strategy. Instead, Ford will now focus on developing hybrid models and electric commercial vehicles to ensure a capital-efficient and profitable electric vehicle business. The
Alaska Airlines has reached a significant milestone in its plan to acquire Hawaiian Airlines, as the U.S. Justice Department has cleared the deal after the completion of an antitrust investigation. The $1.9 billion agreement for the merger of the two carriers was announced eight months ago, and now they await approval from the U.S. Transportation
In a recent move to tackle the growing issue of retail crime in California, Gov. Gavin Newsom has signed 10 new bills into law. These laws are targeted at various aspects of retail crime, including shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. Retailers have been advocating for
Starbucks, the popular coffee giant, is facing significant challenges with its operational issues, particularly in handling a large volume of mobile orders. As incoming CEO Brian Niccol prepares to take on the role on Sept. 9, he will need to address the ongoing struggles faced by the company to turnaround its lagging sales. With mobile
SpaceX is gearing up to launch its highly anticipated private mission, Polaris Dawn, at the end of the month. This mission marks a significant milestone in the realm of space exploration as it includes the first-ever spacewalk attempt by a private venture. The brainchild of billionaire and Shift4 founder Jared Isaacman, the Polaris Dawn mission
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy has resulted in a monumental success with “Deadpool & Wolverine.” Breaking records left and right, the Disney and Marvel film has now become the highest-grossing R-rated title of all time, dethroning Warner Bros.’ “Joker.” With over $1.085 billion in global box office revenue, it is
CEO Doug McMillon recently disclosed that the prices of numerous groceries and other items have actually decreased at Walmart. However, this statement comes with a caveat – inflation is proving to be more stubborn in certain areas of the store, particularly in the aisles dedicated to dry groceries and processed foods. These categories include popular
Starbucks has made a bold move by offering incoming CEO and Chair Brian Niccol a substantial increase in compensation in order to entice him away from his previous position as chief executive at Chipotle Mexican Grill. Niccol is set to officially begin his new role at the coffee giant on September 9th, with the challenging
The Federal Reserve’s potential interest rate cut has significant implications for businesses like Home Depot. Chief Financial Officer Richard McPhail highlighted how homeowners are delaying moving into new homes or embarking on major projects due to the current high interest rates. This delay is fueled by the expectation that interest rates will decrease in the