Paramount CEO David Ellison’s WBD acquisition can’t clear final hurdle
David Ellison — the founder of a film production company and son of billionaire Larry Ellison — has been at the helm of Paramount Skydance for just over a year. He’s been fighting to acquire Warner Bros. Discovery for nearly as long. The latest roadblock in his path, a group of state attorneys general seeking […]
Main Street Sports sues Comcast, Charter for underpaid licensing fees
A detailed view of a hand holding a Fanduel Sports Network branded microphone during an interview after the Detroit Pistons defeated the Boston Celtics at Little Caesars Arena on February 26, 2025 in Detroit, Michigan. Nic Antaya | Getty Images Main Street Sports, the now-defunct owner of a portfolio of regional sports networks, is suing […]
Goldman Sachs AI: Partner warns ‘huge danger’ of replacing reasoning skills
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters A Goldman Sachs partner leading one of the bank’s flagship artificial intelligence projects warned that AI’s spread across Wall Street risks hobbling the […]
California AG Bonta cancels Paramount settlement meeting
Paramount sign outside their offices at 1515 Broadway in New York City, U.S., Feb. 17, 2026. Adam Gray | Reuters California Attorney General Rob Bonta canceled a meeting with Paramount Skydance on Monday, saying the company demonstrated a “lack of good faith” in early settlement talks around its planned merger with Warner Bros. Discovery. “My […]
UPS investing $2 billion in international and other businesses
A person walks past a UPS delivery truck outside a UPS distribution center on March 17, 2026, in New York City. Gary Hershorn | Corbis News | Getty Images United Parcel Service is investing more than $2 billion into its business across its international, healthcare and supply chain solutions businesses, the company told CNBC exclusively […]
Paramount-WBD antitrust challenge may hold up more media deals
Long-awaited media M&A appeared to be finally getting off the ground in recent months. But the delay of Paramount Skydance’s $110 billion proposed acquisition of Warner Bros. Discovery has industry insiders now citing a chill on mergers and acquisitions. Last month, Paramount agreed to put its tie-up with WBD on hold until as late as […]
United Airlines CEO Scott Kirby talks about the future from JFK to AI
United Airlines CEO Scott Kirby speaks during a media event showcasing the airline’s new premium “Elevated” aircraft interior at Los Angeles International Airport, March 24, 2026. Patrick T. Fallon | AFP | Getty Images NEWARK, New Jersey — Scott Kirby says he doesn’t believe in revenge. “Everyone thinks I do, but no, I don’t,” said […]
United needs to decide what to do with its old Boeing 737 Max 10 seats
A Boeing 737 MAX 10 fuselage is pictured during the opening ceremony for the company’s new North Line assembly line, which will produce 737 MAX aircraft, at the Boeing Everett Factory in Everett, Washington, on July 10, 2026. Jason Redmond | Afp | Getty Images In August 2018, the then-president and now CEO of United […]
Wells Fargo, Citigroup have room to buy a big bank. These 5 make sense
Charles Scharf, chief executive officer of Wells Fargo & Co., and Jane Fraser, chief executive officer of Citigroup Inc. Caroline Brehman | Qilai Shen | Bloomberg | Getty Images Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for […]
Coca-Cola innovation labs test dirty sodas, refreshers
Coca-Cola used its new Mixology dispenser to make refreshers at the National Restaurant Association show. Source: Coca-Cola ATLANTA — Coca-Cola is branching out into new customizable drinks and trend-driven equipment as consumers — and food service operators — increasingly want more options. Tucked away in an anonymous office park not far from its global headquarters […]