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Saturday, July 06, 2024
Monday, July 01, 2024
Chicken Soup for the Soul Entertainment, the parent company of Redbox, has filed for Chapter 11 bankruptcy protection, revealing debts to more than 500 creditors, including major retailers Walmart and Walgreens.
By TLN Staff Writer
Thursday, June 27, 2024
Walgreens has revealed plans to close up to 25% of stores nationwide. This move comes as the company anticipates weaker consumer spending for the remainder of 2024 and continues its transformation into a comprehensive healthcare provider.
By TLN Staff Writer
Friday, June 21, 2024
Boeing is in advanced discussions to acquire Spirit AeroSystems, its former subsidiary and a critical supplier of 737 fuselages. This potential acquisition aims to resolve persistent quality control issues and stabilize Boeing's supply chain amidst ongoing scrutiny from federal regulators.
By TLN Staff Writer
United Airlines introduces new measures to improve transparency and communication regarding flight delays and cancellations.
By TLN Staff Writer
Finance
Meta is introducing a new feature that allows Instagram influencers to create AI-driven chatbot versions of themselves.
By TLN Staff Writer
Finance
The European Union has launched a new investigation into Apple, targeting the company's recent business models and contractual terms, which are alleged to discourage app developers and breach EU technology rules. Apple could face fines of up to 10% of its annual global turnover, with a final decision expected by March next year.
By TLN Staff Writer
Finance
Monday, July 01, 2024
The U.S. Department of Justice is pushing Boeing to accept a guilty plea, threatening criminal charges and proposing a reduced fine, as the aerospace giant navigates the complexities of a recent $4 billion acquisition of Spirit AeroSystems.
By TLN Staff Writer
Wednesday, June 26, 2024
Rivian has received a $5 billion investment from Volkswagen, a strategic move that has sent Rivian shares rising in aftermarket trading.
By TLN Staff Writer
Tuesday, June 18, 2024
The US government has initiated legal action against Adobe, accusing the company of concealing termination fees and complicating the process for customers trying to cancel their subscriptions.
By TLN Stafff Writer
Tuesday, June 18, 2024
Business
Philip Morris has suspended nationwide sales on Zyn.com following a subpoena from the District of Columbia. With Zyn contributing approximately $1.2 billion to the company's earnings in 2023 and online sales accounting for up to $240 million annually, the halt raises concerns about the financial impact on Philip Morris.
By TLN Stafff Writer
Finance
Friday, June 14, 2024
Business
Tesla shareholders have ratified a staggering $56 billion compensation package for CEO Elon Musk, endorsing his leadership and vision amid a backdrop of legal challenges and mixed investor sentiments.
By Michael Kelly
Business
Monday, June 10, 2024
Business
Microsoft and Meta have announced substantial layoffs across various divisions. Microsoft is cutting approximately 1,500 jobs. Meanwhile, Meta continues its workforce reduction, having laid off around 21,000 employees since late 2023.
By Michael Kelly
Business
Wednesday, June 05, 2024
Business
Major deals, including ExxonMobil's $60 billion acquisition of Pioneer Natural Resources and Chevron's $53 billion purchase of Hess Corporation, highlight a consolidation trend aimed at securing high-quality assets and expanding market dominance.
By Michael Kelly
Business
Thursday, May 30, 2024
Business
In the latest merger within the energy landscape, ConocoPhillips has announced a $17.1 billion all-stock acquisition of Marathon Oil.
By Michael Kelly
Business
Thursday, May 23, 2024
Business
News Corp and OpenAI have announced a strategic content partnership. This collaboration will leverage OpenAI's artificial intelligence capabilities to enhance News Corp's portfolio of news services, promising to revolutionize content creation and reader engagement through AI integration.
By Michael Kelly
Business
Tuesday, May 21, 2024
Business
Volatile economic activity paired with a growing number of unemployed and capable software developers has began to oversaturate the field of computer science and software development. So what are the current graduates in the field going to be facing as they look for their first jobs after college?
By Michael Kelly
Business
Tuesday, May 21, 2024
Business
Trump Media & Technology Group (TMTG), the parent company of Truth Social, has reported a net loss of $327.6 million for the first quarter of 2024. Despite reporting revenue of $770K, the company's substantial financial setback highlights the challenges of establishing a competitive social media platform.
By Michael Kelly
Business
Saturday, May 11, 2024
Business
TikTok has announced new measures to label content generated or altered by artificial intelligence (AI). This initiative aims to clearly differentiate AI-created media from human-generated content, ensuring users can easily identify and understand the nature of the content they consume.
By Michael Kelly
Business
