Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC Wednesday he has the money to finance a … Read more
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount Paramount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first. As the media company and its rivals try to claw their way … Read more
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Activist investor Starboard Value on Wednesday sent a letter to web-services company GoDaddy, urging management to continue moving “in the … Read more
PGA TOUR logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South on January 29, 2021 in San Diego, California. Ben Jared | Pga Tour | Getty Images A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced on … Read more
A customer exits a Starbucks store in Manhattan on Jan. 30, 2024, in New York City. Spencer Platt | Getty Images Wall Street is shaking off Starbucks’ weak quarterly report, seemingly taking executives at their word that the company’s challenges are “transitory.” The coffee giant’s stock ticked higher in morning trading, hours after it reported … Read more
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. Ismail Aslandag | Anadolu via Getty Images German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a … Read more
EVERETT WALMART, EVERETT, WASHINGTON, UNITED STATES – 2023/04/19: An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. With this, a lot of Walmart employees have lost their jobs. (Photo by Chin Hei Leung/SOPA Images/LightRocket via Getty Images) Sopa … Read more
An artist’s rendering of the Starlab space station in low Earth orbit. Voyager Space / Starlab Space LLC A contract written in the stars. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies’ developing both spacecraft announced on Wednesday. Starlab – being built by Voyager Space … Read more
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker’s new 737 Max 9s could reverberate through the aviation industry … Read more
A worker carries bananas inside the Walmart Supercenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP Walmart announced a three-for-one stock split on Tuesday as the retailer’s shares sit just below their all-time high. The company said the additional shares will be payable after the market closes Feb. 23 to shareholders of record … Read more
