Firm Management
Disney Extends CEO Succession Timeline to Early 2026 for More Due Diligence
Disney plans to announce a new CEO successor by early 2026, with James Gorman taking over as chairman of the succession planning committee in January 2025.
TikTok's Parent Company Fires Intern for Sabotaging Training of Popular AI Model, Doubao
ByteDance fired an intern for allegedly sabotaging its AI model, Doubao, though the company claims the damage reports are exaggerated.
Cypriot Banks End Risky Deals Worth $2.17 Billion With Russian and Ukrainian Clients Over International Sanctions
Cypriot banks reduced their exposure to Russian and Ukrainian clients, cutting over 13,000 and 35,000 accounts, respectively due to increasing international sanctions.
Netflix Likely to Raise Prices in the US After Ad-Supported Tier's Success in Driving 50% of New Subscribers
Netflix's ad-supported tier boosted subscriber growth, increasing market value by $18 billion and shares by 6%.
Latest News
Google has partnered with Kairos Power to deploy small nuclear reactors for its AI data centers, aiming to bring the first reactor online by 2030.
Walgreens exceeded Q4 sales expectations but plans to close 1,200 stores by 2027 as part of its cost-cutting strategy.
Apple faces new NLRB complaints accusing the company of violating employee rights by restricting social media use, limiting Slack channels, and unlawfully firing employees involved in workplace activism.
Boeing faces increasing losses as the ongoing machinist strike extends into its fifth week, causing workforce cuts as the production delays.
Monzo's valuation reaches $5.9 billion, allowing employees to sell shares through a secondary market sale as a reward for their contributions and to offer them liquidity.
The US government is pursuing a breakup of Google due to its illegal monopoly in the search engine market, aiming to promote competition.
American Airlines is using machine learning to speed up gate allocation, reducing taxi times and fuel usage by analyzing real-time flight data.
Amazon plans to hire 250,000 seasonal workers for the holiday rush as e-commerce sales are expected to soar.
The U.S. added two Chinese firms, a steel manufacturer and an artificial sweetener maker, to its Uyghur forced labor blacklist, bringing the total to 75 companies.
Mining giant Fortescue rejects the "fantasy" of net zero by 2050, instead aiming for "real zero" by 2040, urging immediate action to reduce carbon emissions and stop burning fossil fuels.