Business

Boeing recently decided to plead guilty to criminal fraud in connection to the tragic 737 Max crashes. This plea deal has led to the U.S. aerospace giant being labeled as a felon, tarnishing its reputation in the industry. While the plea deal would entail a fine of up to $487.2 million, the Justice Department has

The recent agreement between Paramount Global and Skydance marks a significant milestone in the entertainment industry, culminating in the Redstone family relinquishing control of the iconic movie studio and media company. The merger, which involved intricate negotiations and unforeseen obstacles, signifies a new era for Paramount and its affiliated entities. Paramount’s special committee, after careful

The current state of the U.S. airline industry presents a paradox – even with record summer air travel demand, airlines are struggling to turn that into record profits. Despite some carriers predicting record demand and revenue, higher labor and other operational costs are eating away at their bottom lines. With the slowdown in demand growth

The semiconductor industry is currently experiencing difficulties in recruiting workers due to the increasingly competitive talent landscape, fueled by funding from initiatives such as the CHIPS and Science Act. According to a 2023 study from the Semiconductor Industry Association, the U.S. chips industry is projected to face a shortage of 67,000 technicians, computer scientists, and

The world of competitive eating has a new champion in the form of Patrick Bertoletti, who recently took home the title at Nathan’s Hot Dog Eating Contest. This annual event, held on July 4th, saw Bertoletti consume an impressive 58 hot dogs in just 10 minutes, earning him the coveted Mustard Yellow Belt in the

The acquisition of Neiman Marcus Group by HBC for $2.65 billion is a bold move that will combine two well-known retailers in the luxury sector. This deal will create Saks Global, a new entity that includes Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ department store chain, and Bergdorf Goodman. The CEO of HBC, Richard

Women’s soccer is experiencing a significant shift in ownership dynamics, with private equity firms taking on a more prominent role in the industry. While other major U.S. sports leagues have limited private equity investors to passive, minority stakes, the National Women’s Soccer League (NWSL) has allowed these firms to take majority control of the economics.

Ford has reported a 1% increase in sales during the second quarter compared to the same period last year. This growth was primarily driven by a 5% increase in truck sales, with a total of 308,920 vehicles sold in this category. The F-Series, a flagship line for Ford, contributed significantly to this success, with total

Many travelers have experienced the frustration of flight delays, often blaming bad weather for disrupting their travel plans. However, the reality is that weather conditions, even miles away, can significantly impact flight schedules. Thunderstorms, in particular, can cause delays by forcing airports to issue ground stops and reroute flights to avoid turbulent weather. The unpredictability

In a recent report by CNBC’s David Faber, media mogul Barry Diller has shown interest in acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount Global. Diller’s IAC, an internet media and publishing company, has taken steps towards potentially placing a bid on National Amusements. This move could