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Talks Set to Resume in Detroit Amid Threat of Expanding Strike
Wages remain focal point, and investors already are sizing up the potential hits to the automakers’ bottom lines. Source link
'Barbie,' 'Oppenheimer' Trounce Franchise Films to Jolt a Slow Summer at the Box Office
This summer, many franchise movies underperformed expectations. Films based on original story lines dominated. Source link
Fast-Food Customers Are Giving Up on Dining In
McDonald’s and Burger King want big investments in eating areas, prompting pushback from franchisees. Source link
Netflix Reworks Microsoft Pact and Lowers Ad Prices
The streaming company is asking advertisers for patience as it tries to jump-start its $6.99 a month ad tier. Source link
Big Pharma Bets Big on China
China remains attractive to global pharmaceutical companies even as many multinationals shift their focus elsewhere. Source link
Carvana Soars On Debt-Restructuring Deal, Launches Stock Offering
Carvana shares surged Wednesday after the used-car retailer said that it had reached a bond-swap deal to reduce its debt by $1.2 billion and launched
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
EPA Launches Green Bank for Climate Funding in Low-Income Areas
The bank will aim to channel private-sector funding to communities vulnerable to climate change. Source link
Disney Extends CEO Robert Iger's Contract Through 2026
The entertainment giant’s board unanimously voted to extend his contract by two years. Source link