US Business

The sum represents initial compensation to make up for lost profits due to January’s midair blowout of a door plug.

An agreement would pave the way for an exit by controlling shareholder Shari Redstone.

Investors supported the company’s slate of board nominees. Peltz lost his bid to become a director in a win for the Disney CEO.

The jeans maker posted a quarterly loss following a restructuring charge and raised its outlook for the year as it refocuses its business model toward its direct-to-consumer channel to offset declining wholesale sales.

American University and other top M.B.A. programs are reorienting courses around artificial intelligence. “It has eaten our world.”

Food giant and one of Europe’s largest grocers said they had reached a deal for PepsiCo products to return to stores in France.

Flexis, the electric-van joint venture formed by Volvo, Renault and CMA has named Philippe Divry as its chief executive.

The Chinese e-commerce giant staged its second highest quarterly buyback on record, spending $4.8 billion on shares in the first three months of 2024.

Chinese liquor giant Kweichow Moutai says it is aiming for continuous sales growth this year after posting a 19% rise in 2023 net profit on stronger sales.

The entertainment giant’s past handling of Iger’s succession is a key criticism that Trian Partners has raised in pushing for board seats.