Industry

Unilever Unveils New $1.6 Billion Share Buyback Plan After Sales Volumes Rise

Unilever Unveils New $1.6 Billion Share Buyback Plan After Sales Volumes Rise

Unilever has unveiled a 1.5 billion euro ($1.6 billion) share buyback program for 2024 following an increase in sales volumes for the first time in 10 quarters.


Tesla Job Cuts Feared After Elon Musk's Firm Asks Managers Which Roles Are Most Important

Speculation about potential layoffs at Tesla has surfaced following a report that the electric vehicle maker instructed managers to identify critical roles on their team.

KFC-Parent Yum Brands Sales Miss Wall Street Expectations Amid Cautious US Consumer Spending, Middle East Conflict

Yum Brands, the parent company of fast-food brand KFC, reported lower-than-expected quarterly sales on Wednesday.

Disney Invests $1.5 Billion in ‘Fortnite’ Video Game Maker Epic Games

Disney is investing $1.5 billion in Epic Games, its biggest venture yet in the gaming industry. Disney announced on Wednesday that it will invest $1. 5 billion in Epic Games, marking its largest venture into the gaming industry to date.


Latest News

ESPN, Fox, and Warner Bros. Discovery Team up for New Sports Streaming Service
Walt Disney's ESPN, Fox, and Warner Bros. Discovery have announced plans to collaborate on a new sports streaming service.
New Wind Farm in Oklahoma to Power Thousands of  Homes
Oklahoma will bear witness to a new wind farm that will supply around 40,000 households with clean energy.
McDonald's 'Best Burgers,' the Improved Versions of the Chain's Famous Burgers, Are Now Available Nationwide
McDonald's has rolled out its "Best Burgers" in all locations across the US. McDonald's has rolled out the upgraded version of its famous burgers in all locations across the United States (US), aiming to enhance customers' overall eating experience through what it calls the "Best Burger" initiative.
Philippines' Meralco Sees an Increase in Electricity Bills This February
Electricity consumers in the Philippines may face another increase this February, according to Meralco.
China's Stock Market Is Sliding After Brutal Crash This Week
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Meta CEO Mark Zuckerberg to Receive $700 Million a Year From the Company’s New Dividend
Meta CEO Mark Zuckerberg is set to receive an annual payout of approximately $700 million from the tech giant's new dividend.
Drugmaker Hikma, Ad Firm Publicis Agree to Pay $500 Million to Settle US Opioid Cases
A division of French ad firm Publicis Groupe SA and drugmaker Hikma Pharmaceuticals have reached separate settlements totaling $500 million to resolve allegations that they helped fuel the deadly opioid epidemic in the US.
US Expands List of Chinese Tech Companies It Says Are Helping China's Military
The United States (US) has expanded the list of Chinese tech companies it accuses of working with the military of China.
Adidas to Sell Remaining Kanye West's Yeezy Shoes This Year — And Make Them More Affordable
Adidas has revealed its plan to sell the remaining stocks of Yeezy shoes from its terminated collaboration with Kanye West for a much lower price this year.
Elon Musk's Tesla Sued by 25 California Counties Over Hazardous Waste
Elon Musk's electric car company, Tesla, was sued by a group of 25 California counties over hazardous waste.
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