The art market has slowed in recent years – with the cumulative profits of the auction world’s most expensive pieces declining by hundreds of millions of dollars – but that hasn’t stopped the one percent from leveraging their art collections for business gain. Read more...
General Motors (GM) is being criticized by some of the more than 1,000 software and services division workers it laid off earlier this week for how it handled the situation. Read more...
Billed as a “first-in-the-nation partnership” to help cash-strapped publishers and save jobs, the deal allows Google and other Big Tech firms to escape legislation aimed at fixing the problem – such as a bill that would have required them to pay a share of ad revenue to news
A federal judge in San Francisco ordered X on Tuesday to unseal the list of shareholders who were part of the group that took the company formerly known as Twitter private in October 2022.
New rules require mobile software makers to show the choice screen where users can select a browser, search engine and virtual assistant as they set up their phones, which earlier came with preferred options from Apple and Google.
Earlier this year, Peloton unveiled a broad restructuring plan that included cutting global headcount by 15%, closing more retail outlets and changing its international sale plan.
Disney’s search for the next leader of the house of mouse is heating up. The media giant’s board of directors just tapped Morgan Stanley executive chairman James Gorman to lead the succession process for its outgoing CEO Bob Iger. Just a year after retiring, Iger returned to
The New York Times said it took disciplinary action against its Melbourne-based reporter Natasha Frost after she leaked contents of a private WhatsApp group.
Disney’s (DIS) board of directors on Wednesday named James Gorman as chair of its succession planning committee, as the search for the next leader of the house of mouse heats up. Read more...
Liquor heir Edgar Bronfman Jr. has increased his bid for Paramount Global (PARA) to $6 billion, forcing the company’s board to extend the negotiation period for their merger with Skydance Media for 15 days Read more...
Toronto-Dominion Bank (TD) , Canada’s second-largest bank, saw its profits plunge in the third quarter as it prepares to be hit with hefty fines over a U.S. federal probe into the bank’s anti-money laundering (AML) program . Read more...
Canada’s two major freight railroads have shut down operations and locked out 9,000 members of the Teamsters union after almost a year of negotiations ended without a labor deal. Read more...