Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter.Paramount Global's special committee, in charge of accepting or rejecting transactions, and David Ellison's Skydance Media, backed by private...
A pickleball paddle and balls at the pickleball courts in Tropical Park on March 23, 2023, in Miami. (Jose A. Iglesias/El Nuevo Herald/Tribune News Service via Getty Images)Jose A. Iglesias | El Nuevo Herald | Getty ImagesAmerica's fastest-growing sport, pickleball, is going after a new frontier: India.The United Pickleball...
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 7, 2023.Nicolas Economou | Nurphoto | Getty ImagesSouthwest Airlines is weighing changes to its cabin that could involve abandoning its single-class, open-seating system to drive up revenue, CEO Bob Jordan told...
A Brand new Honda Pilot is displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesDEROIT – Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value...
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday reported first-quarter revenue that topped expectations as its blockbuster blood thinner Eliquis and several new drugs posted sales growth.But...
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Thursday reported first-quarter revenue and adjusted earnings that topped expectations as it posted strong sales of its blockbuster cancer drug Keytruda and vaccine products.The pharmaceutical giant also...
In this photo illustration, Comcast Corporation logo seen displayed on a tablet. Igor Golovnov | SOPA Images | Lightrocket | Getty ImagesComcast beat first-quarter earnings expectations on Thursday, as broadband drove revenue even as the company and its peers have seen customer growth slow.Here's how Comcast performed, compared with...
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy leases, but it's also sought a buyer...
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Andrew Kelly | ReutersWalgreens on Thursday said it will start to work directly with drugmakers to bring cell and gene therapies to U.S. patients as part of a broader...
Chipotle is launching Farmesa Fresh Eatery first at Kitchen United's upcoming Santa Monica location.Source: Chipotle Mexican GrillChipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens.A little over a year ago, Chipotle announced the opening of its first Farmesa location at...