Paramount’s new, hostile offer to Warner Bros. Discovery: Larry Ellison will personally guarantee $40 billion
CNN
Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.
The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit and shrinking energy revenues. But analysts say the Kremlin could weather the storm for many more years.
The Delaware Supreme Court has restored a massive pay package awarded to Tesla CEO Elon Musk in 2018 that had twice been voided by a lower court judge.
The latest jobs report had its share of shutdown-related quirks, but a familiar theme cut through the noise: The US labor market is stuck in a rut.
President Donald Trump said Wednesday his administration is starting to send checks in the amount of $1,776 to nearly 1.5 million US service members, using money from the “billions of dollars” he says the government has collected through his tariffs.
TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday.
Inflation unexpectedly slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living.
Truth Social parent company Trump Media & Technology Group announced a deal on Thursday to merge with nuclear fusion company TAE Technologies.
The European Union is on the precipice of a momentous decision on whether to use frozen Russian assets to finance more support for Ukraine. Critics argue the plan is legally questionable and risks retaliation by Moscow.
Many workers fear artificial intelligence is coming for their jobs, an idea bolstered by warnings from AI leaders and anecdotes from a recent Federal Reserve report.
Peter Arnett, the Pulitzer Prize-winning reporter who spent decades dodging bullets and bombs to bring the world eyewitness accounts of war from the rice paddies of Vietnam to the deserts of Iraq, has died at 91.
It’s been a rough year for job seekers.
Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid.
The US government has collected $1 billion in de minimis tariff revenue since rolling back the exemption on low-value packages this spring, according to new data that Customs and Border Protection shared exclusively with CNN.