Breaking News: Business
Warren Buffett’s Berkshire Hathaway agrees to buy insurance company Alleghany for $11.6 billion
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett is making moves. Berkshire Hathaway said Monday morning it agreed to buy insurance company Alleghany for $11.6 billion, or $848.02 per share, in cash. The conglomerate said the deal “represents a multiple of 1.26 times […]
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A China Eastern Airlines Boeing 737 has crashed with 132 people on board, Chinese aviation authority says
GUANGZHOU, GUANGDONG, CHINA – 2019/10/03: Logo of China Eastern Airlines seen on a Boeing 737-800 in Guangzhou Baiyun International Airport. Sopa Images | Lightrocket | Getty Images China’s aviation authority has confirmed that a China Eastern Airlines Boeing 737 passenger plane has crashed, with 132 people on board, including 123 passengers and 9 crew members. […]
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‘Extremely awkward’: Bob Chapek and Bob Iger had a falling out, they rarely talk — and the rift looms over Disney’s future
Bob Iger, left, and Bob Chapek of Disney Charley Gallay | Getty Images; Patrick T. Fallon | Bloomberg | Getty Images April 12, 2020. That’s the day former Disney CEO Bob Iger’s relationship with his handpicked successor, current Disney CEO Bob Chapek, began to fall apart. Iger had stunned the world in February of that […]
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Wendy’s prepares to overtake Burger King in breakfast, two years after its nationwide launch
The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Two years ago, Wendy’s launched its breakfast menu nationwide, finally crossing the finish line for a goal it tried and failed at for nearly four decades. […]
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GM to buy SoftBank’s stake in Cruise self-driving unit
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank first acquired a minority […]
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Toyota, major chip supplier suspend production due to earthquake in Japan
A car dealership’s window is broken following a strong earthquake in Koriyama, Fukushima prefecture, Japan in this photo taken by Kyodo on March 17, 2022. Kyodo| via Reuters DETROIT – A major earthquake this week in Japan is causing additional problems for the already constrained global automotive supply chain, which continues to manage through problems […]
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Pfizer CEO Albert Bourla received $24.3 million in total compensation for 2021
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Belgium April 23, 2021. John Thys | Pool | Reuters Pfizer CEO Albert Bourla received $24.3 million in total compensation for 2021, a 15% increase […]
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Porsche increases EV targets, confirms 911 hybrid sports car
The all-electric Porsche Taycan Turbo. Source: Porsche AG DETROIT – As the all-electric Porsche Taycan sedan outsells the German carmaker’s iconic 911 sports car, the company is increasing its EV sales targets. It also plans to roll out a hybrid version of the 911. Porsche on Friday announced it expects 80% of its global sales […]
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Maserati unveils all-electric plan, starting with a new 1,200-horsepower GranTurismo
The new GranTurismo Folgore will be the first car in Maserati history Maserati DETROIT — Luxury auto brand Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new GranTurismo EV featuring more than 1,200 horsepower, the company said Thursday. The GranTurismo “Folgore” will be the first all-electric […]
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American Airlines will resume alcohol sales on flights starting April 18
An American Airlines flight attendant serves drinks to passengers after departing from Dallas/Fort Worth International Airport in Texas. Robert Alexander | Archive Photos | Getty Images American Airlines said Thursday it will resume sales of alcoholic beverages on domestic and short-haul international flights next month, a plan it delayed almost a year ago because of […]
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