Boeing’s CEO declined to be considered for his 2023 annual bonus, which had a target of $2.8 million, the company said.
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Skydance’s unique offer for Paramount Global would give it a large stake while keeping the company public
The unusual transaction Skydance is offering Paramount Global isn’t ideal for shareholders, but it may be better than nothing.
Continue readingSpire Global bets on AI to help improve weather forecasts, with boost from Nvidia
The radio frequency company offers information on weather and ship and aircraft movements, and has a space services business.
Continue readingHyundai’s Genesis brand is a dark horse in U.S. luxury vehicle market
Hyundai’s Genesis launched in the U.S. nearly eight years ago to much skepticism but has proven itself worthy in the domestic luxury market.
Continue readingMany CVS drug plans will cover over-the-counter birth control pill at no cost
The decision by CVS could open the door for more people to prevent unintended pregnancies without a prescription.
Continue readingParamount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount’s stock slumps after reports say the company will need to raise as much as $3 billion to merge with Skydance.
Continue readingDisney’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.
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