Business ► - Page 29

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…]

In November, Airbus achieved a delivery of 64 aircraft, reflecting a 6% decline compared to the corresponding month in 2022 and contributing to a cumulative total of 623 units for the year. (Photo: Thomas Samson | AFP | Getty Images)

2 min read

Business France

Airbus navigates challenges to achieve year-end delivery target of 720 deliveries

Post Date 12/05/2023

In a recent update, Airbus confirmed that it delivered 64 aircraft in November, marking a slight decrease of 6% compared to the same month in [more…]

Dec. 4, 2023 - Spotify is cutting 17% of its global workforce, marking its third round of layoffs this year in a cost-cutting effort to prioritize profitability. (Photo: Technologistan)

2 min read

Business Sweden

Spotify orchestrates layoffs in pursuit of profitability symphony

Post Date 12/04/2023

In a surprising move that has sent shockwaves through the music streaming industry, Spotify has announced its third round of layoffs this year, eliminating 17% [more…]