Bronfman’s Paramount bid could keep Shari Redstone involved at the company
Edgar Bronfman Jr. is open to having Shari Redstone remain involved at Paramount if the special committee accepts his consortium's…
Category: Economy
Intel has hired Morgan Stanley, other advisers for activist defense
With its stock down almost 60% this year, Intel is gearing up to defend itself against pressure from activist investors.…
Europe’s wineries battle to survive as extreme heat hurts production
Extreme weather is threatening production at southern Europe's wineries, with one fine wine grape variety at risk of extinction. ...
Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59
Mike Lynch, who had just recently won a landmark U.S. fraud trial, was found dead in the wreckage of a…
Peloton shares soar 35% as turnaround plan takes hold, losses shrink
Peloton has been working to generate free cash flow and return to profitability, and has made cuts to sales and…
Baidu reports slower growth in robotaxi rides
Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters. ...
GM-owned Cruise will partner with Uber to offer driverless rides
Uber and Cruise have agreed to a multiyear partnership with the embattled AV company planning to offer driverless rides to…
Harris says Trump ‘wants to be an autocrat’ and tyrants are ‘rooting’ for him
Leon Panetta, Rep. Elissa Slotkin and Sen. Mark Kelly castigated Republican nominee Donald Trump as a threat to American values…
A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a…