Disney plans to reduce its workforce by 7,000 jobs as part of a larger reorganization that will see the company cut $5.5 billion in costs.
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Coca-Cola earnings beat estimates, fueled by price hikes and higher demand
Coke’s stock has risen less than 1% in 2023, and the company has a market value of $277 billion.
Continue readingSubway reports double-digit quarterly sales growth as sandwich chain seeks buyer
Subway’s same-store sales climbed 12.1% in the first quarter, showing that its turnaround is taking hold.
Continue readingState leaders targeting climate investing have quiet stakes in the fossil fuel industry
Republicans have slammed ESG investing platforms and pulled funds away from BlackRock and other firms that have adopted them.
Continue readingNBCUniversal CEO Jeff Shell is out after admitting inappropriate relationship
NBCUniversal CEO Jeff Shell left immediately after admitting an inappropriate relationship with a woman at the company.
Continue readingRestaurants are expected to post strong earnings, but signs of trouble ahead could emerge
McDonald’s, Chipotle Mexican Grill and Domino’s Pizza are among the restaurant companies reporting their earnings next week.
Continue readingHow HBO and Netflix have evolved away from each other in the past decade
In 2013, Netflix co-CEO Ted Sarandos said his goal was to become HBO faster than HBO could become Netflix. A decade later, neither has happened.
Continue readingBed Bath & Beyond files for bankruptcy protection after failed turnaround efforts
Bed Bath & Beyond’s bankruptcy comes after several last-ditch efforts to raise cash failed to keep the company alive.
Continue readingNFL suspends five players for violating gambling policy
Quintez Cephus and C.J. Moore of the Detroit Lions, and Shaka Toney of the Washington Commanders were suspended indefinitely for gambling-policy violations.
Continue readingBig drug company CEOs to testify at Senate Health committee on insulin prices
Eli Lilly, Novo Nordisk and Sanofi control 90% of the insulin market in the U.S, where a quarter of all health-care spending is on people […]
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