A nurses fills up syringes for patients as they receive their coronavirus disease (COVID-19) booster vaccination during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, September 29, 2021...
Tag: 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 agre...
China Eastern Airlines Boeing 737 crashes, 132 people on board
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. Contact was ...
Disney CEO Chapek under pressure, at odds with ex-boss Bob Iger
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 relationshi...
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 own...
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, Bel...
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 E...
American Airlines will resume alcohol sales on flights 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 Airli...
Merck’s Keytruda reduced risk of disease recurrence or death in early lung cancer patients by 24%
Stefanie Joho, 27, stands for a portrait at the home of a friend in Penn Valley, PA on Tuesday, May 9, 2017. Joho, who was diagnosed with colon cancer at 22 years old, has been in remission since Febr...
Burger King moves to divest from Russian joint venture
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King is moving to divest its 15% stake in its Russian business, but the bur...
GameStop (GME) Q4 2021 earnings
A mall visitor walks be a GameStop store on December 08, 2021 in San Rafael, California. Justin Sullivan | Getty Images GameStop shares on Thursday fell more than 8% in extended trading, after the vid...
Delta gives employees 4% raises, first pay increase since before the pandemic
Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nish...
Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in pl...
Audi expects war in Ukraine to cause ‘tremendous interference’
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as autom...
Hedge funds are doubling down on commodities bets with some notching big gains
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha ne...
Impossible Foods taps top Chobani executive for its new CEO
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will...
Biden taps Dr. Ashish Jha as Covid response head, succeeds Jeff Zients
Dr. Ashish Jha is pictured in Providence, RI on Dec. 3, 2020. Jonathan Wiggs | Boston Globe | Getty Images President Joe Biden on Thursday named Dr. Ashish Jha as his new Covid-19 response coordinator...
Maserati to go all-electric starting with 1,200 horsepower GranTurismo
The new GranTurismo Folgore will be the first car in Maserati history Maserati Luxury auto brand Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new G...
Moderna CEO Stephane Bancel has sold more than $400 million of company stock during the pandemic
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the pandemic — averaging roughly $3.6 million a week...
Target’s solar panel carports at California store may be a green model
Target has added carport canopies with solar panels to power one of its California stores with renewable energy. The retailer said it will test the approach and may expand it to other locations. Targe...
Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion
Daniel Zuchnik | WireImage | Getty Images Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion on the first three days of...
Who could be in the running
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks‘ board is searching for the coffee giant’s next CEO after Kevin Johnson announced his plan to retire in April. Former CEO Howard S...
Netflix adds Volodymyr Zelenskyy’s show ‘Servant of the People’
Servant of the People is once again available on Netflix in The US. The 2015 satirical comedy series stars Volodymyr Zelenskyy playing a teacher who unexpectedly becomes President after a video of him...
Russian-Ukraine war to lower car production by millions of units
A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters DETROIT – The war in Ukrai...
Walmart wants to hire more than 50,000 workers in new-business push
An employee restocks frozen food products at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart said Wednesday that it wants to hire more than 50,000 emp...
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “Th...
Starbucks CEO Kevin Johnson is retiring, Howard Schultz returns as interim chief
Starbucks CEO Kevin Johnson is retiring after five years on the job. Howard Schultz will return as interim CEO, once again taking the helm of the company he elevated into a global brand while the comp...
Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
A pedestrian walks past the Alibaba headquarters building in Beijing. Sheldon Cooper/SOPA Images | LightRocket | Getty Images Shares of Chinese companies listed publicly in the U.S. surged Wednesday a...
Starbucks unveils new plans to eliminate single-use cups, encourage reusable mugs
A protestor walks past a caricature made of coffee cups outside of the Starbucks Annual Shareholders Meeting at McCaw Hall, on March 21, 2018 in Seattle, Washington. Stephen Brashear | Getty Images Wh...