General Motors has recently announced a significant change in their all-electric BrightDrop commercial vans lineup by integrating them into the Chevrolet brand. This strategic move aims to boost sales, enhance accessibility, and increase recognition of these vehicles among consumers. The decision to merge BrightDrop vans with Chevrolet is expected to leverage the robust reputation and
Business
In the first half of 2024, the toy industry faced a challenging time due to inflation, leading to a decline in sales. However, amidst this downturn, Lego managed to defy the odds and experience a remarkable 13% increase in revenue. This surge amounted to 31 billion Danish krone, equivalent to about $4.65 billion. Niels Christiansen,
In a recent bankruptcy court filing, it was revealed that the Dallas Mavericks and the New Orleans Pelicans will be leaving their regional sports networks owned by Diamond Sports. This move has left fans of both NBA teams wondering how they will be able to watch their local games in the upcoming season. While the
Edgar Bronfman Jr. has recently made an offer for a controlling stake in Paramount Global, aiming to challenge Skydance Media for ownership of National Amusements, the holding company founded by Sumner Redstone. His bid includes a proposal for National Amusements and Paramount Global common shareholders, with the potential for Shari Redstone to remain involved with
Cava recently raised its full-year outlook after reporting strong traffic in its restaurants, leading to better-than-expected quarterly earnings and revenue. The company’s shares saw a 7% increase in extended trading, with its market cap reaching approximately $11.6 billion by the end of the quarter. During the quarter that ended on July 14, Cava exceeded Wall
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station (ISS) in early June, is now set to return to Earth without its crew on board. This decision, announced by NASA, comes as a surprise and marks a significant shift in plans for the spacecraft. Originally intended to bring the astronauts back, the
Amid a rise in Covid cases this summer, the Biden administration announced on Friday that it will be providing free at-home Covid-19 tests to American households starting in late September. This initiative comes as a response to the heightened spread of the virus in the U.S. and aims to assist in keeping families safe during
The future of Paramount Global remains shrouded in uncertainty as the special committee has decided to extend the “go shop” period by 15 days to review a competing offer from Edgar Bronfman Jr. originally offered $4.3 billion for National Amusements, the controlling shareholder of Paramount. This bid includes Bronfman acquiring a minority stake in Paramount,
Ford Motor recently announced that they are delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV. Instead, the company will prioritize the development of hybrid models and electric commercial vehicles. Ford will be focusing on producing a new electric commercial van
Alaska Airlines recently announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department. This comes after the antitrust regulators completed their investigation of the deal without filing a lawsuit to block the merger. The $1.9 billion agreement between the two carriers was announced eight months ago, marking a significant step