Paramount’s stock slumps after reports say the company will need to raise as much as $3 billion to merge with Skydance.
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Disney’s Iger says Peltz proxy battle was a ‘distraction,’ board is focused on picking his successor
Disney CEO Bob Iger called Nelson Peltz’s proxy battle with the company a “distraction” and said the company’s board is focused on succession planning.
Continue readingDiabetes drug similar to Ozempic helped slow progression of Parkinson’s disease in small trial
The drug, made by Sanofi, is a GLP-1 like Novo Nordisk’s blockbuster diabetes injection Ozempic and weight loss counterpart Wegovy
Continue readingLevi Strauss shares surge 18% on raised profit guidance, holiday earnings beat
Shares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and […]
Continue readingAlaska Airlines says Boeing paid it $160 million for 737 Max 9 grounding
The FAA grounded the planes after a door panel blew out of an Alaska Airlines Boeing 737 Max 9 midflight.
Continue readingRetailers like Peloton and Saks keep paying vendors late, signaling possible ‘financial distress’
Over the last year, Peloton, Saks, Express and Bath & Body Works have often failed to pay vendors on time, a sign they could be […]
Continue readingFord to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
The Detroit automaker said it will continue to invest in EVs, including the three-row SUV, but it is postponing its production to allow the market […]
Continue readingDisney beat back activist investor Nelson Peltz. Now the real work begins
Disney CEO Bob Iger has a year to show investors they were right to back him and the board over Trian Partners’ Nelson Peltz.
Continue readingNearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
Levi Strauss is now doing nearly half of its sales through its own website and stores, the company said when reporting fiscal first quarter earnings.
Continue readingDisney shareholders to decide Nelson Peltz’s board fate at annual meeting
Trian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders will vote yes or no at Wednesday’s board meeting.
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