Gautam Adani facing another setback as key index probes free float of stocks
India’s Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some group company securities. Billionaire...
Spirits like gin, vodka beat beer in market share for 1st time
One bourbon, one scotch — no beer! New figures show that spirits surpassed beer for US market-share supremacy, based on supplier revenues, a spirit industry...
Disney CEO Bob Iger says he will step down in two years
Disney CEO Bob Iger’s second stint as boss of the House of Mouse will last just two years, the media titan said Thursday. Iger, who...
Nelson Peltz ends Disney proxy fight amid Bob Iger’s plans
Nelson Peltz’s Trian Fund Management is ending its proxy war with Disney after the company confirmed plans for a major internal restructuring, the famed activist...
Bill Gates defends private jet habit despite climate activism
Billionaire Bill Gates defended his habit of using private jets for personal travel despite being one of the world’s most vocal climate activists — testily...
Stephen Ross says New Yorkers will keep moving to Florida
New Yorkers will continue to migrate to Florida because of the “ease of living” in the Sunshine State compared to the high-tax, crime-ridden Big Apple,...
Balenciaga partners with children’s advocacy group after scandal involving kids with BDSM teddy bears
Luxury fashion house Balenciaga has announced it will partner with a children’s advocacy group after facing backlash over advertisements accused of ties to child abuse and...
Southwest Airlines exec Andrew Watterson offers explanation for Christmas meltdown
Southwest Airlines COO Andrew Watterson plans to tell the Senate Commerce Committee that the carrier didn’t have “enough resiliency” in its operation when harsher-than-expected winter...
Grubhub letter falsely lists NYC restaurants that support loosening delivery cap fee
Several Big Apple restaurant owners were named without their knowledge in a letter sent to local politicians by Grubhub in a lobbying push to amend...
Disney to fire 7,000 workers as Iger reveals sweeping revamp of business
Walt Disney CEO Bob Iger on Wednesday announced a sweeping corporate restructuring that will result in 7,000 people losing their jobs as part of an effort to...