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Peltz, Citing Changes at Disney, Ends Push for Seat on Board
Activist investor Nelson Peltz has called off a proxy fight with Disney one day after newly returned CEO Bob Iger announced a major restructuring of the company that includes thousands of job cuts.
Watch: John Travolta, Adam Driver Star in Super Bowl Ads
Big name advertisers from Netflix to Google are paying as much as $7 million for a 30-second spot during the Super Bowl on Sunday.
Netflix Steps Up its Effort to Get Paid for Account Sharing
Netflix has a plan to deal with rampant account sharing: a program that lets subscribers pay extra to share their account with people outside their household.
Disney to Cut 7,000 Jobs in Iger's Company 'Transformation'
The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and "strategic reorganization" announced Wednesday by CEO Bob Iger.
Primary Care a Hot Target; CVS Spends $10.6B on Oak Street
CVS Health said Wednesday that it will spend about $10.6 billion to buy Oak Street Health, which runs clinics that specialize in treating Medicare Advantage patients.
Florida Bill Targets Disney in Revenge for Opposition to 'Don't Say Gay'
Disney's government in Florida has been the envy of any private business, with its unprecedented powers in deciding what to build and how to build it, but those days are numbered.
UK Watchdog Says Microsoft's Activision Deal Hurts Gamers
Microsoft's stalled $68.7 billion deal to buy video game company Activision Blizzard has hit a fresh hurdle in the United Kingdom.
Super Bowl Gambling Surging as States Legalize It? You Bet
As legal sports gambling proliferates, the number of Americans betting on the Super Bowl and the total amount they're wagering is surging — although most of the action is still off the books.
DeSantis Expected to Control Disney District Governing Board
Gov. Ron DeSantis would take control over the board of a special governing district Walt Disney World operates in Florida under a bill introduced, as the Republican governor punishes the company over its opposition to the so-called "Don't Say Gay" law.
AMC to Charge More for Good Seats in Movie Theaters
Middle seats at many U.S. movie theaters just got more expensive.
Retailers Try to Curb Theft While not Angering Shoppers
Across the retail landscape, businesses have been putting items under lock and key as a quick way to stop thieves.
National Enquirer, Ensnared in 'Catch-and-kill,' is Sold
The National Enquirer, the scandal-plagued tabloid that engaged in "catch-and-kill" practices to bury stories about Donald Trump during his presidential campaign, has been sold.
Fact Focus: Egg Shortage Breeds Chicken-feed Conspiracies
A theory gained steam on Facebook, TikTok and Twitter in which some users reported that their hens stopped laying eggs and speculated that common chicken feed products were the cause.
Disney World Unions Vote Down Offer Covering 45,000 Workers
Union members voted down a contract proposal covering tens of thousands of Walt Disney World service workers, saying it didn't go far enough toward helping employees face cost-of-living hikes.
Ex-aide Says Elon Musk had 'Handshake Deal' for Tesla Buyout
Elon Musk's former chief of staff on Wednesday testified that the billionaire believed he had a "handshake deal" to take Tesla private in 2018.
Biden Goes after Fees Levied for Flights, Hotels and Tickets
President Joe Biden took swipes at airlines and hotels Wednesday as he called on Congress to limit certain extra charges they impose on consumers.
PayPal to Cut 2,000 Jobs in Latest Tech Company Cost-cutting
PayPal said Tuesday it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the company contends with what it calls "the challenging macro-economic environment."
Elon Musk's Tesla Tweet Trial Delves into Investor Damages
An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday.
Treasury to Increase Borrowing Amid Debt Ceiling Standoff
The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit.
Elon Musk's Mysterious Ways on Display in Tesla Tweet Trial
Elon Musk's enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting.