Disney’s CEO, Bob Iger, beat activist investors who pushed for major changes within the media giant. The battle revealed how Disney did its best to navigate the changing media world while fighting to maintain its shareholder value and creative edge. The Boardroom Battle At Disney’s recent shareholder meeting, activist investors (led by Nelson Peltz of […]
Business
Bud Light’s Super Bowl Ads a Failed Attempt to Restore Image After Controversy
Bud-Light is attempting to rebuild its relations with America’s beer drinkers after a controversial year by splashing the cash on Lionel Messi and the Super Bowl. Will it work? Here’s what we know. Super Bowl Redemption Strategy Anheuser-Busch InBev (A-B), the parent company of Bud Light, aims to revive its popularity among beer drinkers with […]
Teams Removed from Microsoft Office Amid European Antitrust Probe
Tech giant Microsoft will now allow customers worldwide to buy their Office suite without the famous Teams collaboration app. Teams No Longer Included in Office According to a company announcement on Monday, Microsoft will no longer sell the Teams collaboration app as part of their Microsoft 365 Office bundle. Hybrid Work Collaboration Software The Teams […]
Global Wealth Gap Widens as Billionaires’ Fortunes Skyrocket by 114%
Oxfam International has issued a stark warning that the world could witness its first trillionaire within the next ten years. The anti-poverty organization, known for shedding light on global economic inequalities, unveiled this alarming prediction in its annual assessment coinciding with the World Economic Forum’s gathering in Davos, Switzerland. Oxfam’s Stark Warning Oxfam contends that […]
Ryanair Commends Boeing for Addressing Safety, Sees Positive Changes
After multiple emergency incidents on Boeing flights and 346 lives lost over the last few years, Ryanair’s CEO still believes the airplane manufacturer has safety as its “No. 1 Byword.” From Criticizing to Commending Boeing Management Ryanair CEO Michael O’Leary was once a stern critic of Boeing Airplanes, but now he’s praising them despite the […]
Costco To Restrict Who Can Eat at Their Popular Food Courts
Costco stores around the U.S. have been putting up signs announcing a new entry policy for their famous store food courts – and not all diners will be happy about the change. $1.50 Hot Dog Combo No More? Is it time to bite the bullet and finally become a Costco member? It might just be, […]
McDonald’s Spin-Off Outshines Original: Triple the Traffic, Triple the Success
A McDonald’s spin-off restaurant called CosMc’s opened in one location to tap into a new market that McDonald’s has missed, and it drove three times more traffic than the original McDonald’s restaurant. CosMc’s Surges Ahead McDonald’s innovative CosMc’s spinoff, specializing in whacky drinks, is outpacing traditional Mickey D’s in attracting younger customers. A Beverage-Led Evolution […]
Billionaire Premier League Owner’s Insider Trading: Faces 45-Year Sentence
British billionaire Joe Lewis has pleaded guilty to US courts for securities fraud and conspiracy to commit securities fraud, facing a potential 45-year prison sentence. What impact will this have on his US and UK businesses? Scandal Hits British Billionaire Joe Lewis Joe Lewis, the billionaire majority shareholder of Premier League football club Tottenham Hotspur, […]
U.S. Steel Takeover Raises National Security Red Flags
The controversial deal that could see a historical takeover of US Steel by Japanese-owned Nippon Steel has received even more backlash as it looks more likely that the deal would go ahead due to the risk to national security. Multinational Concerns Amidst Political Backlash Large multinational companies have expressed concern over the politicization of the […]
Black-Owned Businesses Are Growing in the US – Here Are 6 of the Largest and Most Successful
As the number of Black-owned businesses in the U.S. surges, we take a look at some of the most prominent companies in the U.S. Black-Owned Business is Booming The number of Black-owned businesses in America has increased since the COVID-19 pandemic, according to the U.S. Census Bureau Annual Business Survey. Representation is Growing Black-owned businesses […]