Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers and creators.
Read More Warner Bros asks investors to reject takeover bid by Paramount Skydance
Category: Business
Ford’s EV retreat highlights industry dilemma: Build for the US or the world?
Farley had spent years telling staff and investors that catching up to Tesla and China’s leading EV makers amounted to an existential struggle.
Read More Ford’s EV retreat highlights industry dilemma: Build for the US or the world?
Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring
IRobot has struggled of late, dealing with increased competition, layoffs and a declining stock price.
Read More Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Netflix says it must acquire Warner Bros Discovery to compete with YouTube, but antitrust experts doubt regulators will buy that argument.
Read More Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Federal Reserve likely to cut rates, may signal just one more reduction next year
It would be the third cut in a row and bring the Fed’s key rate to about 3.6%, the lowest in nearly three years.
Read More Federal Reserve likely to cut rates, may signal just one more reduction next year
Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says
Paramount 11th-hour, hostile bid for Warner Bros Discovery was rooted in what it considered a lack of responsiveness from Warner Bros late last week.
Read More Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says