Warner and Paramount CEOs Discussed Possible Merger of Companies
Warner Bros. Discovery CEO David Zaslav met Paramount CEO Bob Bakish and discussed a possible merger between the media giants, people familiar with the matter said-a deal that would unite some of Hollywood and cable’s biggest brands.
Wells Fargo Workers in Albuquerque Vote to Form Union, a First for a Megabank
Workers voted 5-3 in favor of unionizing, and those in three other branches have said they intend to hold votes. An Alaska branch is expected to vote Thursday.
BlackBerry Loss Widens Despite Higher Revenue
The cybersecurity company posted a quarterly loss of $21 million, or 5 cents a share, compared with a loss of $4 million, or 1 cent a share, a year earlier. Revenue rose 3.6% to $175 million.
FDA Says Merck’s Chronic Cough Treatment Didn’t Show Substantial Evidence of Effectiveness
The pharmaceutical company said the FDA was responding to its new drug application for gefapixant.
Micron Stock Rises on Earnings. The Chip Maker Predicts AI Will Drive Record Demand for Memory.
For the current quarter, the company offered a revenue forecast of $5.3 billion at the midpoint of its range
Toyota Motor to Recall 1 Million Toyota, Lexus Models Over Airbag-Related Sensor
The automaker said six Toyota models and five Lexis models from 2020 to 2022 are included in the recall.
Southwest Airlines Pilots Strike Tentative Deal for 50% Pay Raise
Southwest is the last of the four biggest U.S. carriers to negotiate a new contract with its pilots; members set to vote on the deal in January
ADT Names Jeff Likosar as Interim Financial Chief
ADT named Jeff Likosar as interim finance chief after current financial chief Ken Porpora stepped down.
GM Buys Out Half of Its Buick Dealers
Those leaving the network chose not to sell electric vehicles; about 1,000 Buick dealers remain.
General Mills Cuts Sales Guidance. Consumers Keep Showing ‘Value-Seeking Behaviors.’
The maker of Cheerios beats quarterly earnings estimates but falls short on sales.
Source: Dow Jones Newswires