Biden blocks Japan’s Nippon Steel from $15 billion takeover of U.S. Steel
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga…
What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents
An online car rental service is under scrutiny after it was used in two incidents Wednesday. The platform, Turo, is known as an “Airbnb of cars,” as it allows individual…
The plane that crashed in South Korea is one of the world’s most popular aircraft
Accident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in South Korea, killing all…
Ad revenue should stabilize for media companies in 2025 — if they have sports
The advertising market has positive momentum going into 2025 — especially for media companies with sports rights and tentpole live programming. Sports and live events such as awards shows reigned…
Google CEO Pichai struggled to navigate a pressure-filled year
Google’s blowout earnings report in April, which sparked the biggest rally in Alphabet shares since 2015 and pushed its market cap past $2 trillion for the first time, tempered fear that the company was falling behind…
Richard Parsons, former Time Warner CEO, dies at age 76
Richard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died. He was 76. His death was confirmed by Lazard,…
Treasury delays deadline for small businesses to file new form to avoid noncompliance fines
The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The…
Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first…
Starbucks barista strike expands as workers demand pay raises
A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins. Though…
Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says
Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is…