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Friday, July 19, 2024
A widespread tech outage traced back to a major cloud service provider has wreaked havoc across multiple sectors, causing significant disruptions in airlines, banking, and other critical industries.
By TLN Staff Writer
Friday, July 05, 2024
United Airlines introduces new measures to improve transparency and communication regarding flight delays and cancellations.
By TLN Staff Writer
Sunday, June 30, 2024
Meta is introducing a new feature that allows Instagram influencers to create AI-driven chatbot versions of themselves.
By TLN Staff Writer
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Alphabet, Google's parent company, is in advanced talks to acquire cloud cybersecurity firm Wiz for $23 billion. The deal is likely to face regulatory challenges with the U.S. DOJ.
By TLN Staff Writer
Finance
Paramount Global has agreed to merge with Skydance Media in a landmark $8 billion deal. The merger, which includes significant cash contributions to reduce debt and a strategic buyout of Paramount's class B shares.
By TLN Staff Writer
Finance
The U.S. Department of Justice is pushing Boeing to accept a guilty plea, threatening criminal charges and proposing a reduced fine, as the aerospace giant navigates the complexities of a recent $4 billion acquisition of Spirit AeroSystems.
By TLN Staff Writer
Finance
Monday, July 08, 2024
Boeing is set to plead guilty to a fraud charge related to the fatal 737 MAX crashes, agreeing to pay an additional $244 million fine and invest $455 million in safety improvements over the next three years.
By TLN Staff Writer
Monday, July 01, 2024
Chicken Soup for the Soul Entertainment, the parent company of Redbox, has filed for Chapter 11 bankruptcy protection, revealing debts to more than 500 creditors, including major retailers Walmart and Walgreens.
By TLN Staff Writer
Thursday, June 27, 2024
Walgreens has revealed plans to close up to 25% of stores nationwide. This move comes as the company anticipates weaker consumer spending for the remainder of 2024 and continues its transformation into a comprehensive healthcare provider.
By TLN Staff Writer
Wednesday, June 26, 2024
BusinessRivian has received a $5 billion investment from Volkswagen, a strategic move that has sent Rivian shares rising in aftermarket trading.
By TLN Staff Writer
Finance
Tuesday, June 25, 2024
BusinessThe European Union has launched a new investigation into Apple, targeting the company's recent business models and contractual terms, which are alleged to discourage app developers and breach EU technology rules. Apple could face fines of up to 10% of its annual global turnover, with a final decision expected by March next year.
By TLN Staff Writer
Finance
Friday, June 21, 2024
BusinessBoeing is in advanced discussions to acquire Spirit AeroSystems, its former subsidiary and a critical supplier of 737 fuselages. This potential acquisition aims to resolve persistent quality control issues and stabilize Boeing's supply chain amidst ongoing scrutiny from federal regulators.
By TLN Staff Writer
Finance
Tuesday, June 18, 2024
BusinessThe US government has initiated legal action against Adobe, accusing the company of concealing termination fees and complicating the process for customers trying to cancel their subscriptions.
By TLN Stafff Writer
Finance
Tuesday, June 18, 2024
BusinessPhilip Morris has suspended nationwide sales on Zyn.com following a subpoena from the District of Columbia. With Zyn contributing approximately $1.2 billion to the company's earnings in 2023 and online sales accounting for up to $240 million annually, the halt raises concerns about the financial impact on Philip Morris.
By TLN Stafff Writer
Finance
Friday, June 14, 2024
BusinessTesla shareholders have ratified a staggering $56 billion compensation package for CEO Elon Musk, endorsing his leadership and vision amid a backdrop of legal challenges and mixed investor sentiments.
By Michael Kelly
Business
Monday, June 10, 2024
BusinessMicrosoft and Meta have announced substantial layoffs across various divisions. Microsoft is cutting approximately 1,500 jobs. Meanwhile, Meta continues its workforce reduction, having laid off around 21,000 employees since late 2023.
By Michael Kelly
Business
Wednesday, June 05, 2024
BusinessMajor deals, including ExxonMobil's $60 billion acquisition of Pioneer Natural Resources and Chevron's $53 billion purchase of Hess Corporation, highlight a consolidation trend aimed at securing high-quality assets and expanding market dominance.
By Michael Kelly
Business
Thursday, May 30, 2024
BusinessIn the latest merger within the energy landscape, ConocoPhillips has announced a $17.1 billion all-stock acquisition of Marathon Oil.
By Michael Kelly
Business