All articles tagged with #business
A judge granted a seven-day extension to the restraining order tied to Nexstar’s proposed merger with Tegna, giving more time for the case while the deal proceeds; a correction note updates the spelling of Nexstar CEO Perry Sook’s name to Sook.
Vineyard Wind has sued GE Renewables in Boston, alleging GE intends to abandon the $4.5 billion offshore wind project and breach contracts, which would jeopardize power commitments and loan repayments. GE says it terminated for non‑payment. The case seeks a preliminary injunction and a temporary restraining order as the 62 turbines installed offshore are not yet fully online, with hearings set for April 16 in Suffolk Superior Court after GE must respond by April 15.
A federal judge ruled in favor of federal regulators (the CFTC) in a legal clash with Arizona over Kalshi and other predictive-market operators, upholding federal oversight of these platforms and their operation in the state.
Tribal-owned convenience stores with gas stations across the U.S. are offering cheaper fuel thanks to tribal tax exemptions, drawing drivers from California to New Mexico and beyond as the Iran conflict pushes prices higher. The Tulalip Market near Seattle, for example, charges about $4.84 a gallon, roughly 75 cents below some nearby stations, and other reservations report similar savings (e.g., $3.79 on Mescalero land; $5.09 at a California station, about 60 cents cheaper than non-tribal rivals). Tribes typically pay federal fuel taxes while state taxes may be waived or reduced on tribal lands, depending on treaties and jurisdiction. Those savings help fund tribal services and reinvest in communities through gas revenue, groceries, and near-reservation businesses, underscoring the broader economic role of tribally owned enterprises."
Italy replaced Leonardo's CEO Roberto Cingolani with Lorenzo Mariani, a veteran of MBDA, signaling a shift toward traditional hard‑defense and missiles as global conflicts intensify. Cingolani had overseen share price gains and cyber/digital initiatives; the government gave no public explanation for the move, and Leonardo's shares slid on the news.
Forbes cites anonymous sources claiming Bungie’s Marathon cost over $200 million to develop, potentially rising above $250 million when post-launch costs are included; the figure excludes ongoing maintenance. If accurate, Marathon would rank among the industry's costliest games and could surpass Spider-Man 2’s rumored $300 million budget. Sony purchased Bungie for $3.6 billion and integrated it into PlayStation Studios, but Marathon has struggled with player counts; its long-term profitability will hinge on ongoing content and monetization via microtransactions, with Bungie continuing to expand the game rather than winding it down.
U.S. stock futures were little changed overnight as investors weighed a fragile U.S.-Iran ceasefire and awaited the March CPI inflation report; Nasdaq-100 and S&P 500 futures edged up while Dow futures hovered near flat, with oil prices modestly higher and BlackRock earnings in focus for the next session.
Vineyard Wind has filed a breach-of-contract lawsuit against GE Renewables concerning the Vineyard Wind 1 offshore wind project off Massachusetts, alleging turbine-related defects or failures that caused delays and cost overruns for the project.
IMF managing director Kristalina Georgieva warns Anthropic’s Mythos poses major cybersecurity risks to the global financial system, urging urgent guardrails and international cooperation as regulators and central banks monitor the vulnerabilities exposed by Mythos Preview, with policymakers engaging Wall Street after an urgent regulatory meeting.
IBM has agreed to pay about $17 million to settle U.S. DOJ allegations that its diversity, equity and inclusion practices in federal contracting involved false claims about hiring and promotion practices. IBM denies discriminatory conduct, and the settlement is described as not an admission of liability. The case fits a broader post‑Trump crackdown on DEI initiatives in government contracting under the False Claims Act.
American Airlines joined Delta, United, JetBlue, and Southwest in lifting checked-bag fees, with basic-economy fares paying higher charges than standard fares. Starting May 18, first bags cost $55 (or $50 online) and second bags $65 (or $60 online) for basic economy, while regular fares see a $10 increase for the first bag to $50 and $60 for a second (with online discounts). The changes add seat-selection fees for all basic-economy travelers and remove complimentary upgrades. The industry cites rising jet-fuel costs amid Middle East tensions as a key driver, even as demand remains strong and carriers push premium options.
US President Donald Trump publicly praised Palantir’s war-fighting capabilities after bearish bets from investor Michael Burry and a challenge from Anthropic, sending Palantir’s shares higher briefly; the stock’s path remains pressured despite ongoing multibillion-dollar government contracts with DHS and ICE, underscoring Palantir’s prominence in U.S. defense and immigration operations.
Ford is removing Carroll Shelby’s name from Dearborn streets as it advances a 3.3 million-square-foot Ford World Headquarters project, slated for completion in 2029 and designed to house about 10,000–11,000 employees.
Palantir Technologies' shares slid about 7% on Thursday, extending roughly a 37% drop from their November peak as fears about Anthropic's Mythos AI roil the sector. Wedbush argues the concerns are overstated, pointing to Palantir’s Ontology data architecture and expanding deals across commercial and government work. Trump publicly endorsed Palantir on Truth Social, but the stock’s weakness underscores how AI hype is weighing on software names, even those with a strong data moat.
Mariah Carey has listed her Tribeca triplex penthouse for $27 million, keeping ownership in an LLC and touting three floors (16th–18th) with 12,700 interior square feet and 1,100 square feet of private outdoor space. The eight-bedroom, seven-full-bath, three-half-bath residence includes a private gym, a movie theater, a Christmas-themed living area, and design by Mario Buatta, with a potential to split back into two units. The listing notes its unique cultural cachet from MTV Cribs and its prime downtown Manhattan location, while about $18.6 million in debt remains on the property. Carey previously used it as a rental in 2025, and the listing frames the property as the “first time ever” on the market.