McDonald’s is set to acquire Carlyle’s stake in its China operations, boosting its minority ownership from 20% to 48%. In 2017, McDonald’s sold its majority control of restaurants in mainland China, Hong Kong, and Macao for $2.1 billion as part ...
Billionaire investor Ron Baron told on Friday that he anticipates SpaceX will take its Starlink satellite internet service public through an IPO “around 2027.” “We believe that by the time SpaceX goes public with Starlink, which we expect to be ...
Hugh Johnston has been appointed as the senior executive vice president and chief financial officer of the Walt Disney Company, according to an announcement by CEO Bob Iger on Monday. Johnston, who has had a distinguished 34-year career at PepsiCo, ...
Oil and gas company BP has entered into an agreement to purchase $100 million worth of electric vehicle chargers from Tesla. This deal marks the first instance of Tesla selling its chargers to another company, as noted in BP’s announcement. ...
Nearly two years have passed since Netflix announced its entry into the gaming industry. Despite the streaming giant expanding its game library from 24 to 77 titles in the past year, subscriber interest has been relatively muted. Netflix views this ...
CVS has announced that it will be removing some of the most commonly used cough and cold medications from its shelves and will no longer sell them, according to a company spokesperson who spoke on Thursday. This decision follows a ...
China has announced plans to restrict the export of graphite, a vital mineral for manufacturing electric vehicle (EV) batteries, on national security grounds, according to the Ministry of Commerce and the General Administration of Customs on Friday. This move comes ...
Google is aiming to phase out passwords by encouraging users to create passkeys, which can unlock accounts and devices using a fingerprint, face scan, or PIN. On Tuesday, Google emphasized that passkeys eliminate the need for users to remember passwords, ...
When you think about creating a collaborative document with your colleagues, which app comes to mind? Google Docs? Microsoft Word? Zoom is hoping it will soon be among your top choices. Zoom, widely recognized for its video conferencing service, introduced ...
On Tuesday, Target announced it will close nine stores in major U.S. cities due to issues with violence, theft, and organized retail crime. The closures will affect one store in Harlem, New York City; two locations in Seattle; three stores ...