Tag: Business news
Disney to Leave Historic Fox Lot in Century City
Disney's departure from the historic Fox Studio Lot in Century City marks a significant shift in the entertainment industry landscape. After acquiring most of Rupert Murdoch's 21st Century Fox's entertainment assets for $71.3 billion...
In-N-Out Leaves Corporate Office After 30 Years
In-N-Out Burger, a beloved California institution, is making a significant change after 30 years by relocating its corporate office. The iconic fast-food chain recently announced that it will be closing its Orange County corporate...
Understanding Chapter 11 Bankruptcy: What Happened to Joann?
Joann Crafts Files for Chapter 11 Bankruptcy
Joann, a beloved craft chain, has recently filed for voluntary Chapter 11 bankruptcy proceedings in an effort to maximize the value of the business. This marks the second...
Retailers Closing Stores in 2025: Kohl’s, Macy’s, Party City, and More
**Retailers Closing Stores in 2025: Kohl's, Macy's, Party City, and More**A wave of closures is sweeping across the retail industry in 2025, with major players such as Kohl's, Macy's, and Party City announcing nationwide...
Big Lots Stores to Remain Open After Deal with Investment Firm
The discount chain Big Lots, after filing for bankruptcy protection in September, has recently struck a deal with Gordon Brothers Retail Partners to keep many of its stores and distribution centers operational. This move...
S&P Downgrades GE and GE Capital’s Debt Amid Financial Struggles
GE's Struggle: From Glory to DowngradeNew York, CNN Business - New General Electric CEO Larry Culp is facing a daunting challenge as S&P Global Ratings downgraded the credit ratings of GE and GE Capital...
Tesla’s Impressive Sales Numbers Alleviate Concerns | CNN Business
Tesla's Impressive Sales Numbers Alleviate ConcernsAmidst a whirlwind of uncertainty and controversy, Tesla managed to end the quarter on a positive note with a remarkable surge in sales. The electric car company delivered a...
Tencent Music Files $1 Billion IPO in US | Latest News & Updates
Tencent Music's $1 Billion IPO Rocks the Music Streaming MarketIn the bustling world of tech and finance, Tencent Music has made a groundbreaking move by filing plans for a massive $1 billion initial public...
Toys ‘R’ Us Brand Revival in Progress: What to Expect | CNN Business
Revival of Toys 'R' Us Brand in ProgressAfter months of uncertainty following the closure of all US stores in June, there is a glimmer of hope for the iconic Toys 'R' Us brand. The...
Nvidia Surpasses Microsoft as Most Valuable Public Company
Nvidia has overtaken Microsoft as the most valuable public company in the world, marking a significant milestone in the tech industry. The company's stock price has been on a steady rise over the past...
Toyota joins SoftBank in investing in autonomous vehicle startup Toyota and SoftBank invest in autonomous...
Toyota and SoftBank have decided to team up in the autonomous vehicle industry. They plan to create a joint venture called Monet that will focus on using driverless-car technology to offer innovative services like...
Andrew Fabricant Leaves Gagosian: Chief Operating Officer Departs Amid Company Changes
Andrew Fabricant, who was the chief operating officer at Gagosian for the past five years, has left the gallery along with his wife, Laura Paulson, who led the gallery’s art advisory business since 2019....
Gazprom ordered to pay €13bn to German energy giant in landmark ruling
Gazprom, the Russian energy giant, has been ordered to pay €13 billion to Germany's Uniper after failing to fulfill gas orders following the war in Ukraine. This ruling allows Uniper to officially cut ties...