Space companies are launching more rockets than ever, ratcheting up competition for air space just as travelers return to flying in droves.
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Disney CEO Bob Iger says he prefers to stay only two years, calls streaming ‘the future’
Disney CEO Bob Iger told CNBC he plans to stay only for two years, and that he wants more “Toy Story” and “Frozen” sequels.
Continue readingRedwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
Founded by ex-Tesla CTO JB Straubel, Redwood Materials is growing its battery recycling operations in and beyond Nevada.
Continue readingFast food reigns supreme as inflation weighs on pricier restaurants
Fast-casual and full-service restaurants like Chipotle and Chili’s are struggling to attract customers.
Continue readingChick-fil-A will test a cauliflower sandwich in its first plant-based pilot
Chick-fil-A said it’s been working on a plant-based sandwich for nearly four years.
Continue readingIconic Kobe Bryant jersey sells for record $5.8 million at auction
The jersey worn by the late basketball star during 25 games of his 2007-2008 season is now the most expensive Kobe Bryant item ever sold […]
Continue readingActivist investor Nelson Peltz declares Disney proxy fight is over after Iger unveils restructuring
Nelson Peltz dropped his proxy fight against Disney after CEO Bob Iger unveiled a vast reorganization.
Continue readingEverything is on the table now with Hulu, Disney CEO Iger says
Bob Iger said that “everything is on the table” as Disney considers whether to buy the rest of Hulu from Comcast.
Continue readingGeneral Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips.
Continue readingAnalysts praise Disney’s cost-cutting plan, say focus on profitability is ‘restoring the magic’
The commentary from analysts comes after Disney revealed a new cost-cutting plan that included plans to slash 7,000 job and cut $5.5 billion in costs.
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