Uber has proposed a $39.29-per-share takeover of German food delivery group Delivery Hero, valuing it near €10 billion and expanding Uber's global delivery footprint.
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Gap Cuts Sales Outlook After Old Navy Miss, Raises Profit Forecast on Tariff Relief and Tax Benefits
Gap cuts 2026 sales outlook after Old Navy miss but lifts profit forecast, citing tariff relief, tax benefits, and interest income despite mixed brand performance.
Temu Hit With $232M Fine Over Selling Toxic Toys and Unsafe Electronics
Temu fined $232M by EU for allowing toxic toys and unsafe electronics, after a probe under the Digital Services Act found widespread illegal, high-risk products on its platform.
Disney Could Phase Out Hulu App, Bring Content and Features to Disney+: Report
Disney is reportedly preparing to phase out the standalone Hulu app, moving its shows, movies, and features into a unified Disney+ streaming experience starting in 2026.
American Airlines To Offer Starlink WiFi In-Flight to Hundreds Starting Early 2027
American Airlines announced it would start offering Starlink WiFi in-flight to hundreds of aircraft starting early 2027.
Latest News
Shein acquires California-based Everlane in a deal that keeps Everlane as an independent, sustainability-focused brand while giving Shein a stronger U.S. and premium retail foothold.
President Trump delays signing an AI executive order creating a voluntary federal review process for advanced systems, citing concerns about overregulation and maintaining U.S. technological leadership.
Walmart warns it may raise prices if fuel costs stay high, as rising transportation and energy expenses squeeze profits and pressure consumers already facing higher living costs.
Jeff Bezos denies personal involvement in Amazon's $40M "Melania" documentary but defends the controversial Brett Ratner-directed film as a commercially sound, high-interest business decision.
Meta notified thousands of employees on May 20 that they were laid off to improve efficiency, representing 10% of the workforce, with no additional company-wide cuts expected in 2026.
A rejected "Pokémon" Professor applicant sues over certification denial, alleging unfair background check policies and lost business opportunities.
Xbox appoints Matthew Ball as Chief Strategy Officer as Microsoft pushes new gaming plans and hardware ambitions.
Red Lobster will close its oldest Tallahassee restaurant after 56 years, part of broader post-bankruptcy cost-cutting efforts aimed at restoring the seafood chain's financial stability.
Elon Musk criticizes a jury's dismissal of his lawsuit against OpenAI as a mere timing technicality, saying the court never ruled on the case's core claims.
