Shares of MGM resort international (MGM) soared 25% to $23.79 on Monday after IAC Inter/Active Corp (IAC) bought a 12% stake worth $1 billion in the company. Barry Diller, the IAC chairman describes t...
Eight months ago, McDonald’s fired its former CEO Steve Easterbrook over sexual allegations with a subordinate. Easterbrook offered an apology and exited the company with tens of millions as compens...
Kodak shares plummeted almost 28% on Monday following an announcement made by a federal agency to suspend the $765 million loan that was supposed to be given to the former film company to produce COVI...
On Monday, Uber and Lyft (LYFT) were ordered by Judge Ethan Schulman of the San Francisco Superior Court to stop classifying their drivers as independent contractors and instead, follow the governin...
It was revealed on Monday, August 3, 2020, by Google (GOOG) that it is investing $145 million in ADT, to acquire a 6.6% stake in the Florida-headquartered firm which is a leading provider of security ...
The Canada-based drugmaker Bausch Companies Inc (BHC). announced on Thursday that it plans to spin off its eye care business, Bausch + Lomb, into an independent publicly listed company. Following the ...
Democratic U.S. presidential candidate Joe Biden has spoken up in support of undocumented immigrants getting free COVID-19 tests and vaccines. Just a few weeks ago, Biden published his $775 billion pl...
Xpeng Motors, a Chinese based EV maker is currently making plans to list its shares on the New York Stock Exchange (NYSE), as it has already filed for an Initial Public Offer (IPO) in the United State...
Amazon is currently in talks with mall-owner Simon Property Group overusing some closed J.C. Penney and Sears stores as fulfillment centers, according to the Wall Street Journal on Sunday.“For Amaz...
Hong Kong media tycoon and democracy activist, Jimmy Lai was arrested early Monday according to his top aide. Lai was arrested over suspected collusion with foreign forces, breaching the new national ...