Activist Starboard Takes $1 Billion Stake In Pfizer, Seeks Former Execs' Support: Reports
Starboard has reached out to former Pfizer CEO Ian Read and ex-finance chief Frank D'Amelio, and both have expressed interest in supporting the activist investor's turnaround efforts, reports said.
Boeing, Union To Resume Wage Talks After Two Weeks Of Stalemate
Boeing and the union were summoned by the federal mediator to go back to the negotiation table.
Toyota Delays Production Of EVs In US On Slower Sales: Reports
Toyota will be delaying the production of its EVs in the U.S. amid design issues and slow EV sales.
Tesla Discontinues Most Affordable Model 3 Standard Range In US
Now, Tesla's Model 3 Long Range Rear-Wheel Drive is the most affordable, with a price of $42,490.
OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation
OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.
CVS Health To Eliminate Almost 3,000 Jobs To Cut Costs
The cuts will affect about 1% of its workforce.
US Labor Board Accuses Apple Of Imposing Illegal Workplace Rules
The National Labor Relations Board claims that Apple required its U.S. employees to sign illegal confidentiality agreements and non-disclosure as well as non-compete agreements. Apple also imposed overly broad social media policies, it said.
Airlines Struggle To Reroute Flights After Iran Missile Strike
Airlines diverted flights following a missile attack over Israel from Iran.
Federal Court Grants Amazon Partial Dismissal Of US FTC's Antitrust Lawsuit
The FTC alleges in its lawsuit that Amazon employs anti-competitive tactics to maintain dominance among online marketplaces and superstores. In December, Amazon sought to dismiss the case, stating that the FTC had provided no evidence of consumer harm.
US Buys 6 Million Barrels Of Oil For Strategic Petroleum Reserve
The government is trying to replenish the sale of 180 million barrels from the reserve in 2022.
Tesla, Musk Win Shareholder Lawsuit Over Self-Driving Technology
U.S. judge dismisses without prejudice the lawsuit filed by shareholders of Tesla against the company and Elon Musk.
Stellantis Trims 2024 Profit View On China Woes
Based on the new and updated 2024 market outlook of the company, the adjusted operating income margin (AOI) for FY 2024 is expected to be between 5.5-7.0%, down from the prior "double digit."
U.S. Approves $1.5B Loan To Restart Palisades Nuclear Reactor
Michigan nuclear plant Palisades closed a $1.5 billion loan to restart its reactor, which is a first in U.S. history.
Major CVS Shareholder To Push For Operational Improvements In Meeting With Top Execs: Reports
CVS shareholders reportedly plan to hold a meeting with management for an activist push
NTSB Issues 'Urgent' Safety Warning On Rudder Systems Of Some Boeing 737 Planes
The safety agency was investigating an incident where the rudder pedals got "stuck" on a plane while in their neutral position.
Citigroup And Apollo Team Up For $25B Private Credit, Direct Lending Program
The companies say they 'expect strong client demand and maintain the flexibility to significantly expand the size of the program.'
Smartmatic, Newsmax Reach Last-Minute Settlement In 2020 Election Defamation Case
The agreement was reached just ahead of the opening statements scheduled for Monday at a Wilmington, Delaware, court. Smartmatic and Newsmax finalized the deal just hours after jury selection began, with official announcements of the settlement made Thursday afternoon.
Southwest Airlines Prepares To Share Profitability Plan with Investors
Southwest is hosting its Investor Day in Dallas on Thursday, when shareholders will have the opportunity to hear more about these initiatives and the airline's plan to restore its profitability.
American Eagle Sues Amazon Over Alleged Sale Of Aerie 'Knock-offs'
American Eagle has filed a suit against Amazon after allegedly selling knock-offs of its Aerie products.
Meta Unveils Orion AR Glasses, Upgrades AI Chatbot With Celebrity Voices
Meta shows off its new AR glasses, along with a better AI chatbot with Judi Dench-like voice.
Suspected Trump Gunman Charged With Attempted Assassination
The development comes a day the prosecutors revealed after the gunman wrote a chilling letter months ago about an "assassination attempt" on the former president.
Vista, Blackstone To Buy Software Firm Smartsheet For $8.4 Billion
Vista and Blackstone are set to acquire Smartsheet for $8.4 billion in cash.
Volkswagen Starts Key Pay Talks With Unions Amid Potential Plant Closures
Volkswagen is about to start discussions with unions over pay in the midst of possible plant closures.
Donald Trump Threatens John Deere With 200% Tariffs If It Moves Manufacturing To Mexico
Donald Trump has threatened John Deere with a 200% tariff if it moves manufacturing plants to Mexico.
Trump Media Stock Plunge Continues After Lockup Agreement Expires
The shares, listed on Nasdaq as DJT, dropped 10%, closing at $12.15. Since restrictions on insider selling were lifted last week, the stock has fallen 17%.
Levi Strauss Sees Delay In Reaching $10 Billion Revenue Goal By 2027: Report
Levi Strauss may be delayed in its goal of reaching $10 billion in revenues by 2027.
Apollo Plans To Invest $5 Billion In Intel: Reports
Apollo wants to put in an equity-like investment in Intel, according to reports.
Alaska Airlines Experiences IT Outage, Disrupting Operations And Delaying Flights
On Monday, the airline reported it had to issue a ground stop for arrivals in Seattle for about two hours. The issue has now been resolved, but the airline still expects some post-outage impact on its operations.
Nike Veteran Executive Elliott Hill To Replace John Donahoe As CEO
Hill will assume his new role on Oct. 14 and will also join the Board of Directors and the Executive Committee.
JetBlue Targets High-End Fliers With Plans To Open Premium Lounges In New York, Boston
JetBlue Airways will be opening airport lounges to cater to high-spending travelers.