HSBC says chief executive to retire after ‘intense’ five years
HSBC on Tuesday said its chief executive, Noel Quinn, will retire after nearly five years at the helm.
Paramount CEO Bob Bakish steps down
Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBC Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed […]
Coursera, Chegg stocks fall after weaker guidance for both edtech companies
Shares of Coursera Inc. and Chegg Inc. fell in the after-hours session Monday after both education-tech companies guided for weaker current quarters, and Chegg also announced a CEO change.
J&J, Bristol Myers Squibb lose Medicare drug-price talks challenges
Jonathan Raa | Nurphoto | Getty Images A federal judge in New Jersey on Monday rejected Johnson & Johnson‘s and Bristol Myers Squibb‘s legal challenges to the Biden administration’s Medicare drug-price negotiations, ruling that the program is constitutional. The decision is another win for the White House in a bitter legal fight with several drugmakers […]
Paramount’s Bakish is stepping down, and new CEO office aims to ‘materially streamline operations’
Media and entertainment giant Paramount Global on Monday said that Chief Executive Bob Bakish was stepping down and would be replaced by a three-person office intended to help “materially streamline operations.”
Peacock streaming subscription prices to increase before Summer Olympics
The price of Peacock is flying higher. Subscription prices for Peacock, Comcast‘s answer to the streaming wars, will increase by $2 this summer. The price adjustment is a way for Comcast’s NBCUniversal to capitalize on the Summer Olympics in Paris, which will air on NBC’s TV networks and streaming platform. Peacock’s ad-supported option will increase […]
This couple’s quick visit to Mexico led them to a dream retirement there. Here’s how they live.
A couple visits the Mexican state of Yucatán and falls in love.
Shari Redstone playing M&A war games with Paramount CEO removal
Bob Bakish, CEO of Paramount, speaks with CNBC’s David Faber on Sept. 6, 2023. CNBC In what could easily be a plotline from HBO’s hit show “Succession,” Paramount Global plans to replace Chief Executive Officer Bob Bakish with a cohort of existing division heads on Monday, according to people familiar with the matter, in a […]
Elliott Management builds large stake in Warren Buffett favorite Sumitomo: report
The activist fund has built a stake in Japanese trading house Sumitomo Corp, which counts Warren Buffett’s Berkshire Hathaway as its top shareholder
Nike reportedly will rectify MLB uniforms after widespread complaints
After an uproar from players and fans alike this spring, Nike Inc. will reportedly fix a number of changes it made to Major League Baseball uniforms.
