Tag: Breaking News: Business

CEO of Dubai Airports anticipates passenger traffic to surpass 100 million by 2027

Dubai Airports CEO Expects Record Passenger Traffic Surge Paul Griffiths, the CEO of Dubai Airports, is optimistic about the future and predicts a surge in passenger traffic, with numbers expected to top 100 million by 2027. He attributes this projection to a combination of factors, including a shortage of aircraft capacity, efforts to promote Dubai […]

John Tesh suggests that NBC may consider repurchasing the rights to ‘Roundball Rock’ if they acquire NBA game broadcasts.

NBCUniversal has made a bold move in the world of sports broadcasting by offering $2.5 billion per year to acquire the NBA rights once again. This would give them the opportunity to bring back the iconic theme song, “Roundball Rock,” composed by John Tesh, that accompanied NBA games on NBC until 2002. The NBA is […]

Britain’s AI safety institute expands to San Francisco, the home of OpenAI

The British government is taking a significant step in expanding its AI safety efforts by opening a U.S. counterpart to its AI Safety Institute in San Francisco. This move is aimed at solidifying the UK’s position as a global leader in AI and fostering cooperation with the United States in tackling the risks associated with […]

Comcast cable customers lose access to Bally Sports regional networks

Comcast customers were left in the dark as negotiations between the cable provider and Bally Sports’ operator, Diamond Sports Group, hit a snag. This dispute resulted in a blackout of the regional networks, leaving fans of 11 MLB teams without access to local games. The affected teams include the Detroit Tigers and Minnesota Twins, with […]

EasyJet shares decline due to profit shortfall and departure of CEO

Shares of EasyJet fell more than 7% on Thursday after the low-cost airline posted a slightly larger-than-expected loss in the first half of the fiscal year and announced the forthcoming departure of its CEO. The pre-tax losses came in at £350 million ($443 million) for the six months to March, higher than the £340 million […]

Boeing CEO Dave Calhoun voted back onto board

Boeing shareholders have voted to re-elect CEO Dave Calhoun to the board of directors, according to a preliminary tally released on Friday. This comes as Calhoun faces scrutiny amid the latest safety crisis at the aircraft manufacturer. Calhoun had previously announced his intention to step down by the end of the year, following an incident […]

Sony and Apollo show interest in acquiring Paramount while already bidding for Skydance

Paramount Global, the parent company of Paramount Pictures, is currently the subject of potential acquisition talks between Sony Pictures and private equity firm Apollo Global Management. The two companies have expressed formal interest in acquiring Paramount Global for approximately $26 billion, according to sources familiar with the matter. The acquisition bid comes as David Ellison’s […]

BlackRock’s Funds are Suppressing Shareholder Rights, Says Boaz Weinstein

Boaz Weinstein is a hedge-fund investor who gained notoriety for being on the winning side of JPMorgan Chase’s $6.2 billion “London Whale” trading loss in 2011. Fast forward to today, Weinstein is now setting his sights on index fund giant BlackRock. Saba Capital, the firm Weinstein founded and leads as chief investment officer, is pushing […]

Stellantis to bid farewell to Dodge and Ram leader Tim Kuniskis as he announces retirement.

Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, is retiring after a nearly 32-year career with the automaker and its predecessors. Kuniskis, who has led several of the carmaker’s brands in North America, is best known for leading Dodge for most of the last decade. He is considered the “father” of […]

Frontier Airlines eliminates change fees as part of pricing overhaul

Frontier Airlines announced a major change in their pricing model, following in the footsteps of larger competitors as the Biden administration cracks down on “junk fees.” The budget airline will no longer charge customers a fee to change their flights, a move that aims to make the booking process more transparent and customer-friendly. Previously, Frontier […]

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