Richard Parsons, former Time Warner CEO, dies at age 76
Richard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died. He was 76. His death was confirmed by Lazard,…
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Treasury delays deadline for small businesses to file new form to avoid noncompliance fines
The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The…
Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first…
Starbucks barista strike expands as workers demand pay raises
A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins. Though…
Digital health companies got pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first…
Here’s why business leaders are spending big on Trump’s inaugural committee
Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump’s inaugural committee, as they seek to get on his good side and make inroads before…
Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says
Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is…
Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access
The Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit accounts to receive their pay. The agency alleges…
IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.
The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who…
Lego is reinventing its iconic brick sets and keeping the toy industry afloat
The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks. At a time when toy companies…