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Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery

Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery

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Paramount Skydance, Comcast and Netflix formally submitted takeover offers for Warner Bros. Discovery this week ahead of a deadline for first-round offers, according to people familiar with the matter. Paramount Skydance and its advisors had been weighing in recent days whether to submit a higher bid than its previous $23.50-per-share offer that WBD rejected, some […]

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Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say

Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say

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The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost air cargo rates during the peak holiday shipping season, with some capacity out of the market, but analysts aren’t expecting a big impact. The Federal Aviation Administration on Nov. 8 prohibited flights of MD-11 planes, less than

Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say Read More »

Air traffic controllers, technicians with perfect attendance in shutdown to get ,000 bonuses, FAA says

Air traffic controllers, technicians with perfect attendance in shutdown to get $10,000 bonuses, FAA says

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An airplane takes off from New York’s Laguardia Airport after the FAA ordered flight cuts at 40 major airports amid the ongoing U.S. government shutdown in the Queens borough of New York City, U.S., November 7, 2025. Ryan Murphy | Reuters Air traffic controllers and technicians with perfect attendance during the government shutdown will receive

Air traffic controllers, technicians with perfect attendance in shutdown to get $10,000 bonuses, FAA says Read More »

Eli Lilly hits trillion market value, a first for a health-care company

Eli Lilly hits $1 trillion market value, a first for a health-care company

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A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly reached a $1 trillion market capitalization on Friday, the first health-care company in the world to join the exclusive club dominated by tech firms.  Eli Lilly briefly hit

Eli Lilly hits $1 trillion market value, a first for a health-care company Read More »

Gap comparable sales surge after viral ‘Milkshake’ denim ad with Katseye

Gap comparable sales surge after viral ‘Milkshake’ denim ad with Katseye

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Shoppers walk past a GAP fashion retail store on Oxford Street on October 30, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Apparel retailer Gap said Thursday its comparable sales rose 5% during the fiscal third quarter, driven by strong revenue at its namesake brand after its viral “Better

Gap comparable sales surge after viral ‘Milkshake’ denim ad with Katseye Read More »

Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal

Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal

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An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Air taxi maker Joby Aviation in a new lawsuit accused competitor Archer Aviation of using stolen information by a former employee to “one-up” a partnership deal with a real

Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal Read More »

Mercedes F1 boss Toto Wolff sells a piece of his ownership stake to CrowdStrike CEO George Kurtz

Mercedes F1 boss Toto Wolff sells a piece of his ownership stake to CrowdStrike CEO George Kurtz

Business News

Mercedes’ British driver George Russell races during the first practice session for the Las Vegas Formula One Grand Prix on November 16, 2023, in Las Vegas, Nevada.  Angela Weiss | AFP | Getty Images Mercedes-AMG Petronas F1 CEO and team principal Toto Wolff is bringing in new team ownership, selling a portion of his holdings

Mercedes F1 boss Toto Wolff sells a piece of his ownership stake to CrowdStrike CEO George Kurtz Read More »

As holidays approach, value players Walmart and T.J. Maxx are drawing the cash-strapped and the wealthy

As holidays approach, value players Walmart and T.J. Maxx are drawing the cash-strapped and the wealthy

Business News

Sign at the entrance to a Walmart in Venice, Florida(L), and a T.J. Maxx store in Pinole, California. Getty Images As more major retailers post earnings, one theme is clear — value players are winning both the wealthy and the cash-strapped. Walmart and T.J. Maxx’s parent company TJX stood apart from the pack this week

As holidays approach, value players Walmart and T.J. Maxx are drawing the cash-strapped and the wealthy Read More »

Hyundai showcases off-road ambitions with new rugged concept SUV

Hyundai showcases off-road ambitions with new rugged concept SUV

Business News

Hyundai Crater SUV concept vehicle Hyundai LOS ANGELES — Hyundai Motor has ambitions to increase the rugged, off-road capabilities of its vehicles in the U.S., based on a new “Crater” concept SUV revealed Thursday. The rugged compact vehicle mixes Hyundai design characteristics with off-road capabilities reminiscent of American SUVs such as the Jeep Wrangler, Ford

Hyundai showcases off-road ambitions with new rugged concept SUV Read More »

Bath & Body Works stock plunges as retailer misses third-quarter earnings, announces turnaround plan

Bath & Body Works stock plunges as retailer misses third-quarter earnings, announces turnaround plan

Business News

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works Inc. stock plunged Thursday after the company reported “disappointing” third-quarter earnings and slashed its full-year outlook, citing “macro consumer pressures.” Shares sank nearly 25%

Bath & Body Works stock plunges as retailer misses third-quarter earnings, announces turnaround plan Read More »

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