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Dec. 12, 2023 - Amidst soft sales persisting into the holiday season, Hasbro is cutting approximately 1,100 jobs. (Photo: Shannon Stapleton | Reuters)

3 min read

Business U.S.

Hasbro faces holiday blues, layoffs, and challenges in the toy market

Post Date 12/12/2023

In a shocking development, Hasbro, the renowned toy maker, is set to lay off approximately 1,100 employees as it grapples with sluggish sales that have [more…]

On Monday, Occidental Petroleum finalized a $12 billion deal to acquire CrownRock, a significant privately held energy producer in the Permian Basin. (Photo: Oxy HQ)

3 min read

Business U.S.

Occidental Petroleum to acquire CrownRock for $12 billion in move to bolster Permian presence

Post Date 12/11/2023

In a strategic move to expand its footprint in the prolific Permian Basin, Occidental Petroleum announced on Monday that it has reached an agreement to [more…]

Dec. 11, 2023 - Arkhouse Management and Brigade Capital Management are looking to acquire Macy's Inc. for $5.8 billion, valuing the retailer at $21 per share, a premium over its recent close at slightly over $17 per share. (Laura Miller | NYC Tourism)

2 min read

Business U.S.

Arkhouse and Brigade Capital offer $5.8 billion bid to acquire Macy’s

Post Date 12/10/2023

In a potential game-changing move for the retail landscape, Arkhouse Management and Brigade Capital Management have jointly proposed a $5.8 billion acquisition of Macy’s, as [more…]

Endeavor Energy Partners is considering selling, potentially becoming the most valuable private oil and gas producer in the Permian Basin. (Photo: Endeavour Energy)

3 min read

Business U.S.

Texas wildcatter Autry Stephens considers selling Endeavor Energy Partners, valued between $25-$30 billion

Post Date 12/08/2023

In the heart of the Permian basin, where fortunes have been made and lost in the pursuit of black gold, Endeavor Energy Partners stands as [more…]

Thai Airways is in advanced discussions to buy about 80 wide-body 787 Dreamliner jets from Boeing. (Photo: Thai Airways)

2 min read

Business Thailand U.S.

Thai Airways nears landmark deal with Boeing for 80 Dreamliners in post-pandemic travel boost

Post Date 12/07/2023

In a significant development, Boeing is reportedly in advanced negotiations to sell approximately 80 wide-body 787 Dreamliner jets to Thai Airways, pulling ahead of its [more…]

Dec. 6, 2023 - AbbVie announced its acquisition of neuroscience drugmaker Cerevel Therapeutics for approximately $8.7 billion, with the deal structured to entail a payment of $45 per share. (Photo: Dado Ruvic | Reuters)

2 min read

Business U.S.

AbbVie boosts neuroscience portfolio with $8.7 billion acquisition of Cerevel Therapeutics

Post Date 12/07/2023

In a strategic move to fortify its position in the neuroscience drug market, AbbVie announced on Wednesday its plan to acquire Cerevel Therapeutics for a [more…]

McDonald’s anticipates an increase in its capital spending until 2027 as it speeds up the development of new restaurants. (Photo: Eater NY)

3 min read

Business U.S.

McDonald’s unveils expansion plans and technology collaborations to boost growth

Post Date 12/06/2023

In a bold move to solidify its dominance in the fast-food industry, McDonald’s has set forth ambitious goals, aiming to open over 8,800 new locations [more…]

On Tuesday, Airbnb named Ellie Mertz as its new Chief Financial Officer, succeeding Dave Stephenson, who has been promoted to the newly created role of Chief Business Officer after serving as Airbnb's CFO since 2019. (Photo: TechTimes)

2 min read

Business U.S.

Airbnb announces leadership shake-up

Post Date 12/05/2023

In a strategic move to steer Airbnb into its next phase of growth, the company has appointed Ellie Mertz as its new Chief Financial Officer, [more…]

Dec. 3, 2023 - Alaska Airlines unveils $1.9 billion acquisition of Hawaiian Airlines, bolstering its position as the fifth-largest U.S. airline. (Photo: Tayfun Coskun)

3 min read

Business U.S.

Alaska Airlines set to soar to new heights with $1.9 billion acquisition of Hawaiian Airlines

Post Date 12/03/2023

In a groundbreaking announcement on Sunday, Alaska Airlines revealed its ambitious move to acquire Hawaiian Airlines for a staggering $1.9 billion. This strategic maneuver aims [more…]

Nov. 30, 2023 - Tesla's Cybertruck commands a starting price of $60,990, surpassing initial estimates. (Photo: Frederic Brown | Getty)

3 min read

Business U.S.

Tesla unveils long-awaited Cybertruck with higher-than-expected price tag

Post Date 12/01/2023

In a highly anticipated event in Austin, Texas, Tesla finally unveiled its long-delayed Cybertruck, but with a surprising twist—the pricing starting at $60,990 is over [more…]