All articles tagged with #business news
Forbes’ 2026 highest-paid podcasters list places Joe Rogan atop eight-figure earnings at $82 million, with TBPN’s John Coogan and Jordi Hays at $70 million, Steven Bartlett at $45 million, Ashley Flowers at $42 million, and Will Arnett/Jason Bateman/Sean Hayes at $37 million, underscoring how distribution deals and partnerships drive big paydays in the growing podcast industry.
BP has ousted its chairman following a conduct review, triggering a leadership transition as the company reconsiders governance and its strategic direction in the energy sector.
Johnson & Johnson announced a more-than-$1 billion plan to build a next-generation cell-therapy manufacturing facility on a 154-acre site in Spring House, Lower Gwynedd, to expand U.S. manufacturing for cancer, immune-mediated and neurological diseases. The project is expected to create about 4,000 construction jobs and 500 skilled biomanufacturing roles; J&J already operates a large facility in the area with about 2,500 workers. Pennsylvania officials welcomed the investment as a boost to the state's life sciences and workforce.
Kraft Heinz has appointed a former Kellanova executive as its new chief, signaling a leadership change in the company.
The article discusses First Brands Group's financial difficulties, highlighting concerns over cash flow and the company's need for financial support, as reported by the Financial Times.
A small California-based startup has acquired assets from a failed European battery company, highlighting strategic moves in the tech and energy sectors.
Kraft Heinz is considering a potential breakup as part of its strategic review, aiming to explore options to enhance shareholder value and streamline operations.
In November, overall TV usage reached a nine-month high, driven by major events like the presidential election and the World Series. Despite this, cable and broadcast TV lost some viewing share, while streaming services hit a new record, accounting for 41.6% of TV usage. Notably, YouTube, Prime Video, and the Roku Channel achieved their highest usage levels to date. Cable news saw a spike during election week but only a slight month-to-month increase overall. Broadcast networks also saw a slight increase in viewing time but lost share to streaming.
Charlie Rose has settled a sexual harassment lawsuit filed by three former CBS employees just before the trial was set to begin. The terms of the settlement were not disclosed, but the accusers acknowledged that different interpretations of Rose's conduct were possible. The lawsuit, which alleged repeated harassment and unwanted advances, was dismissed with prejudice, preventing it from being refiled. Rose, who was fired from CBS in 2017 following multiple allegations, continues to maintain a YouTube channel.
Netflix film executive Niija Kuykendall is set to leave the company at the end of the year after a three-year tenure. Kuykendall, who joined Netflix in 2021, managed faith-based, young adult, and holiday features, and her upcoming projects include Tyler Perry's 'The Six Triple Eight' and Malcolm Washington's 'The Piano Lesson.' Her departure follows that of her former boss, Scott Stuber, and she is recognized for her contributions to diversity and representation in the film industry.
Following Donald Trump's victory in the 2024 presidential election, the world's ten richest individuals saw their wealth increase by a record $63.5 billion in a single day. Elon Musk, a prominent Trump supporter, led the gains with a 10.1% increase in his net worth, reaching $290.3 billion. Bernard Arnault, the only non-U.S. billionaire in the top ten, experienced a slight decrease in his fortune.
Costco announced a membership fee increase starting September 1, with basic memberships rising by $5 and executive memberships by $10. The executive membership will also see an increase in the maximum annual 2% reward from $1,000 to $1,250. While some shoppers are annoyed, many understand the hike, especially with recent employee pay raises.
Fiona Harvey has filed a $120 million defamation lawsuit against Netflix, claiming the series "Baby Reindeer" falsely depicts her as a convicted stalker and sexual assailant. Harvey alleges Netflix did not verify the show's claims, which she says are untrue and damaging. The lawsuit seeks injunctive relief and accuses Netflix of negligence and violating publicity rights.
Netflix and Ava DuVernay have settled a defamation lawsuit with former NYC prosecutor Linda Fairstein over her portrayal in the series "When They See Us." The settlement includes moving a disclaimer to the beginning of each episode and a $1 million donation to the Innocence Project, with Fairstein receiving no money. The case, closely watched for its potential impact on biographical content, was set to go to trial next week.
The Adani Group's credit profile has significantly improved as its net debt to Ebitda ratio has declined to 2.19 times in FY24, with cash reserves at an all-time high of Rs 59,791 crore. The group's credit ratings have seen substantial upgrades, and its diversified debt capital book shows balanced exposure to domestic and global markets. Chairman Gautam Adani highlighted the group's resilience and strong recovery, with market capitalization reaching Rs 17.94 lakh crore.