Business

New York sues SiriusXM, accusing company of making it deliberately hard to cancel subscriptions

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New York sues SiriusXM, accusing company of making it deliberately hard to cancel subscriptions

NEW YORK — New York’s attorney general filed suit Wednesday against SiriusXM, accusing the satellite radio and streaming service of making it intentionally difficult for its customers to cancel their subscriptions. Attorney General Letitia James’ office said an investigation into complaints from customers found that SiriusXM forced subscribers to wait in an automated system before … Read more

Warner Bros. Discovery, Paramount in merger talks

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Warner Bros. Discovery, Paramount in merger talks

Warner Bros. Discovery and rival Paramount Global are in early merger talks, a source familiar with the matter told CNBC. Warner Bros. Discovery CEO David Zaslav and Paramount CEO Bob Bakish met Tuesday to discuss the contours of a possible deal, said the source, who declined to be named since the talks are private. Warner … Read more

Pharma had a year full of firsts

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Pharma had a year full of firsts

Soumyabrata Roy | Nurphoto | Getty Images Drugmakers are closing out a year when they achieved several historic firsts that will shape the pharmaceutical industry in 2024 and beyond.  The weight loss drug market transformed into the pharmaceutical industry’s newest gold rush this year, as demand for costly but highly effective treatments from Novo Nordisk … Read more

NSW drivers to share in $560m cash toll relief while Uber drivers, taxi drivers, heavy vehicles and more to miss out

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NSW drivers to share in 0m cash toll relief while Uber drivers, taxi drivers, heavy vehicles and more to miss out

More than 700,000 drivers are expected to share in $560 million in cost-of-living relief under a toll-relief scheme. But cars registered with businesses, ride-shares, taxis and heavy vehicles will be ineligible for NSW’s $60 toll cap, which starts on January 1. WATCH THE VIDEO ABOVE: Thousands of Sydney drivers to benefit from cap on motorway … Read more

Aquaman and the Lost Kingdom marks end of era for DC

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Aquaman and the Lost Kingdom marks end of era for DC

Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.’ “Aquaman and the Lost Kingdom.” Warner Bros. Discovery Stick a trident in it. “Aquaman and the Lost Kingdom” opens Friday, marking the final installment in Warner Bros. Discovery’s DC Extended Universe film franchise and likely Jason Momoa’s final turn as the titular hero. The … Read more

Alaska Airlines to acquire Hawaiian Airlines in $1.9 billion deal

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Alaska Airlines to acquire Hawaiian Airlines in .9 billion deal

Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take on $900 million of its debt, the companies said Sunday. Shares of … Read more

Award-winning cheese manufacturer King Island Dairy could be sold by owner Saputo

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Award-winning cheese manufacturer King Island Dairy could be sold by owner Saputo

Award-winning cheese manufacturer King Island Dairy could be sold amid a review by owner Saputo of operations on the remote outpost. Saputo’s “strategic review” of its King Island Dairy facilities will consider “commercial and financial alternatives”, including a potential sale. Dairy giant Saputo purchased King Island Dairy, which makes highly acclaimed blue, cheddar, brie and … Read more

General Mills, FedEx warn about weak demand

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General Mills, FedEx warn about weak demand

Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Lindsey Nicholson | Getty Images Two big companies weighed in on persistent demand woes this week. General Mills, which reported earnings Wednesday morning, said tepid demand and pricing pressures are compounding … Read more

Alaska-Hawaiian airline merger faces Justice Department scrutiny

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Alaska-Hawaiian airline merger faces Justice Department scrutiny

An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters Alaska Air Group‘s executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines’ leaders will now spend many more trying to convince regulators the acquisition … Read more

13 media executives make 2024 predictions

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13 media executives make 2024 predictions

NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images It’s the most wonderful time of the year! It’s the third annual anonymous media and entertainment executive predictions … Read more