Paramount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much…
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Disney’s Iger says Peltz proxy battle was a ‘distraction,’ board is focused on picking his successor
Nelson Peltz’s proxy battle was a “distraction” and Disney can now focus on trying to turn a streaming profit and…
Alaska Airlines says Boeing paid it $160 million for 737 Max 9 grounding
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing…
Retailers like Peloton and Saks keep paying vendors late, signaling possible ‘financial distress’
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in…
Disney beat back activist investor Nelson Peltz. Now the real work begins
Bob Iger, CEO, Disney at the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, IdahoDavid…
Nearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly…
Disney wins proxy fight against activist investor Nelson Peltz, as shareholders reelect full board
(L to R) Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on…
Ulta shares fall as CEO warns beauty demand is slowing
People walk past an Ulta Beauty store in the Manhattan borough of New York City, New York, U.S., March 8,…
Disney shareholders to decide Nelson Peltz’s board fate at annual meeting
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los…
Disney’s largest shareholder Vanguard reportedly backing management over Peltz in board fight
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed attraction…
GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
The 2024 Buick Envista.GMDETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to…
Here’s what upgrading to a nicer home could cost you, and why it’s locking up the market
The spring housing market is defying expectations that prices would cool and competition would ease.Higher mortgage rates usually cool both…
FanDuel says Iowa-LSU game was its biggest betting event of all time for women’s sports
Caitlin Clark, #22 of the Iowa Hawkeyes, celebrates after beating the Lousiana State University Tigers 94-87 in the Elite Eight…
Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
Ariel Emanuel, Chief Executive Officer, Endeavor, at the New York Stock Exchange, April 29, 2021.Source: NYSEPrivate equity firm Silver Lake…
Health insurer stocks slide as final Medicare Advantage rates disappoint
Shares of U.S. health insurers fell Tuesday after the Biden administration didn’t boost payments for private Medicare plans as much…
Disney’s cinematic drought may have opened a door for activist investor Peltz
Harrison Ford returns as Indiana Jones in “Indiana Jones and the Dial of Destiny.”DisneyDisney has struggled to return to the…
Bally’s shareholders wage battle over ownership, ‘unfunded development projects’
An exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker |…
Why streamers are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable.Looming talks…
Two Warner Bros. Discovery directors resign after antitrust probe
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike…
Macy’s hasn’t closed 150 stores yet. But Target, Kohl’s CEOs already smell opportunity
Macy’s hasn’t yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity.In recent interviews…
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