Business life

24/10/2023

The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back

Prices are high, supply is tight and rates are surging. The housing market is scaring off both buyers and sellers.

24/10/2023

Paramount’s Shari Redstone is open for business, but business may not be open for her

Paramount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.

09/10/2023

How delicious it is!

09/10/2023

Nelson Peltz increases Disney stake, reignites potential proxy battle

Nelson Peltz's activist firm Trian has upped its stake in Disney, and plans to push for multiple board seats, according to people familiar with the matter.

09/10/2023

Airlines cancel Israel flights, tour operators scramble to change trips after attacks

Israeli airline El Al, Emirates Airline and Turkish Airlines continued to operate at least some of their schedules.

02/10/2023

JetBlue raises flight attendant pay, union agrees to support merger with Spirit

JetBlue is raising flight attendant pay by 5% while union agreed to support the airline's acquisition of budget carrier Spirit.

02/10/2023

Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride

Blue Apron has in recent months transitioned to become a more asset-light business, selling its operational infrastructure and laying off staff.

29/09/2023

Endeavor, Fenway Sports consider investment in the PGA Tour

Endeavor Group and Fenway Sports are considering an investment in the PGA Tour that could rival the Saudi's Public Investment Fund.

29/09/2023

GameStop’s survival demands ‘extreme frugality,’ CEO Ryan Cohen tells employees

Billionaire activist Ryan Cohen was named GameStop's top executive earlier Thursday.

28/09/2023

SpaceX wins first Pentagon contract for Starshield, its satellite network for military use

The Pentagon is already a high-value buyer of the company's rocket launches and had shown increasing interest in its Starlink satellite internet.

28/09/2023

Peloton shares soar on digital content, apparel partnership with Lululemon

As it announced the Peloton partnership, Lululemon said it would stop selling the Studio Mirror device by the end of the year.

27/09/2023

Hollywood writers strike to end on Wednesday as WGA, AMPTP finalize labor contract

Hollywood writers and studios have finalized the language of a tentative contract that will lead to the end to a nearly 150-day labor strike.