Industry

Walt Disney's Heirs Open Letters Defend CEO Bob Iger Amid Shareholder Dispute

Disney heirs pen a letter to support CEO Bob Iger amid feud with Nelson Peltz, who wants to seek board position.


Yum China's Low-Price Strategy Thrives Amid Economic Pressures in China

Yum China thrives amidst economic challenges by targeting both budget-conscious and quality-seeking consumers. Revenue soars by 19%, net profit by 81%, employing a value-driven approach...

Alibaba Executive Will Step Down To Promote Younger Managers Amid Restructuring Efforts

Alibaba's Local Services Group (LSG) head, Yu Yongfu, will be leaving his role by March's end amid the company's restructuring, with younger leaders stepping up...

IBM Seeks Volunteers for Layoffs, Targeting 80% Reduction in Worldwide Staff

Asking staff to volunteer for layoffs is a way for IBM to reduce staff as part of its restructuring move, particularly in improving client demands...


Latest News

Dell Shares Surge by 15% After Beating Earnings Estimates
Dell Technologies witnessed a surge of over 15% in its shares following the release of its fourth-quarter results.
Bud Light Boycott Over Transgender Ambassador Cost Anheuser-Busch InBev Over $1 Billion Loss
The $1.4 billion potential sales loss for the World's biggest brewery was compounded by a nearly 7% drop in sales in Hong Kong and further declines in China for its Asia business.
iPhone 15 in China Gets Huge Discounts To Attract Customers Amid Slowing Sales
Apple permitted occasional discounts to their iPhone 15 models in China to stimulate demand as competition with other brands intensified.
India Approves $15.2 Billion Investment in Semiconductor Plants, Including Tata Group's Chipmaking Facility
The $15.2 billion investment in semiconductor plants, including Tata Group's $11 billion chip facility, will be part of India's tech advancement push and reduce import dependency.
OpenAI Faces SEC Investigation After CEO Sam Altman Allegedly Misled Investors
According to US regulators, they will be investigating internal communications to see if OpenAI's CEO, Sam Altman, potentially deceived investors.
Disney Announces $8.5 Billion Mega-Merger With Reliance, Igniting Streaming Wars and Cricket Frenzy in India
Backed by a $1.4 billion investment from Asia's richest man, Mukesh Ambani, Disney will likely end at the top of highest streaming profitability by 2024.
Thai Government Launches Cloud Seeding Initiative To Address Climate Concerns
The cloud seeding program will deploy 30 aircraft across its 77 provinces as part of its annual royal rainmaking initiative to combat severe drought and escalating air pollution.
After Celebrating 70th Birthday, Oprah Winfrey Resigns From WeightWatchers Board, Triggering 25% Shares Decline,
Despite her departure from the board, Winfrey vows to continue advocating for health equity and plans to donate her financial interest to the National Museum of African American History and Culture.
Oreo Unveils 2 'Exciting New Flavors' Inspired by Classic Mud Pie, Tiramisu — and Both Are Hitting Store Shelves Soon
Oreo has unveiled two new flavors inspired by classic mud pie dessert and tiramisu.
Apple CEO Tim Cook Reveals the Company's Significant Investments in Generative AI
Apple CEO Tim Cook has unveiled the company's significant investments in generative AI during the firm's annual shareholder meeting.
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