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Netflix Offers mostly cash for Warner Bros. in new bid round
Warner Bros. Discovery Inc. was fielding a second round of bids on Monday, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks, according to people familiar with the discussions.
Bankers for Paramount Skydance Corp., Comcast Corp. and Netflix worked over the long Thanksgiving weekend on ...Read more
Pioneering 'buffer' ETF firm Innovator sells to Goldman Sachs for $2 billion
In what may be the ultimate Wall Street meets Main Street story, Goldman Sachs has agreed to buy Wheaton, Illinois-based Innovator Capital Management, an 8-year-old ETF investment firm, for $2 billion.
Founded in 2017, Innovator offers everyday investors a portfolio of exchange-traded funds that include options to buffer downside risk while ...Read more
Starbucks union says strike is longest in company history
Starbucks Workers United, the union representing thousands of baristas, is now referring to its walkout that began on Nov. 13 over stalled contract negotiations as the longest unfair labor practice strike in Starbucks history."
Around 2,500 baristas from more than 120 stores in 85 cities are part of the strike, Workers United said Friday.
"...Read more
These bills meant to help Philadelphia renters take effect Tuesday
Philadelphia renters have some more to be thankful for this holiday season.
City Council bills that cap rental application fees and allow renters to pay security deposits in installments take effect Tuesday.
“The goal was to address the unaffordability of moving in for so many tenants in Philadelphia,” said City Councilmember Rue Landau, ...Read more
State surveys show Colorado businesses, ag overwhelmingly view tariffs as negative
The overwhelming majority of Colorado businesses surveyed for a new state report on tariffs said the effects of the import taxes have been negative, with the financial impacts followed by the uncertainty created by changing trade policies cited as the biggest challenges.
The findings released on Nov. 21 are a follow-up to a report issued in ...Read more
Bah humbug: Tariffs muffle holiday cheer, raise prices, squeeze margins
ROYAL OAK, Michigan — Andy Linn hopes Santa will bring shoppers with holiday cheer to City Bird and Nest, a small Detroit gift shop that saw financial losses from tariffs and unpredictable customer traffic this year.
So far this year, only the Grinch has been visiting, delivering tariffs, unexpected bills and rapidly changing quotas — even ...Read more
Parent company of Sharpie and Yankee Candle to lay off hundreds
Newell Brands, the Sandy Springs, Georgia-based parent company of dozens of well-known consumer brands, announced Monday it plans to lay off more than 900 global employees and close 20 Yankee Candle stores in the U.S. and Canada, citing artificial intelligence as one of the reasons behind the moves.
In its announcement, Newell said the moves ...Read more
Costco joins companies suing for refunds if Trump's tariffs fall
Costco Wholesale Corp. joined a fast-growing list of businesses suing the Trump administration to ensure eligibility for refunds if the U.S. Supreme Court strikes down the president’s signature global tariffs policy.
The nation’s biggest warehouse club chain is among dozens of companies to file lawsuits in a U.S. trade court since late ...Read more
Buy now, pay later? Florida has a problem with credit card delinquency
Florida is known for its beaches, palm trees and sunshine. But a new study shows that the state is known for a darker cloud: credit card delinquency.
Using 2025 data through June, finance company WalletHub ranked the 50 states in terms of credit card delinquency — and Florida came in last. The research didn’t indicate why Florida fared so ...Read more
Why are California's Indian truck drivers disappearing during the holiday rush?
It is supposed to be the busiest time of year for the Roadies trucking company, but dozens of its trucks sit idle — unlikely casualties of a surprise scrutiny of laborers from India.
The Bakersfield, California, company has 200 big rigs but a dearth of drivers after authorities canceled thousands of commercial driver's licenses in California,...Read more
Lawsuits and layoffs piled up before Michigan EV maker's collapse
More than a year ago, the future looked bright for Oak Park, Mighigan-based electric vehicle maker Bollinger Motors: It had just started producing its first B4 work trucks and customer orders were pouring in amid plans to soon release a larger version, the B5.
“The odds of us getting to this point are so astronomically against us, and we ...Read more
The business of Christmas is booming for Denver Christkindlmarket
DENVER — The revelers who packed Skyline Park for Christkindlmarket each year were one thing — a joyous and family-friendly riot of food, drink and laughter that injected vital revenue into independent local vendors.
But as one of those vendors, Bob Stephens couldn’t help but wonder about another thing: if Christkindlmarket moved to Civic...Read more
Airlines limit disruptions from Airbus A320 software glitch
Airlines across the world raced to keep their fleet operating after a major software glitch forced an urgent update for Airbus SE’s most widely flown aircraft, with the rapid response avoiding a major meltdown during a crucial holiday-travel season.
Within less than 24 hours of Airbus and the European Union Aviation Safety Agency issuing an ...Read more
Black Friday sales rise, signaling US consumers' resilience
Sales on Black Friday rose from a year earlier, according to a key data provider — a sign that U.S. consumers are continuing to spend despite persistent economic concerns.
Retail sales, excluding autos, increased 4.1% on the day after Thanksgiving, according to data from Mastercard SpendingPulse. That surpasses last year’s 3.4% growth. The...Read more
Airlines rush to contain fallout from Airbus software glitch
Airlines across the world raced to keep their fleet operating after a major software glitch forced an urgent update for Airbus SE’s most widely flown aircraft, with the rapid response avoiding a major meltdown during a crucial holiday-travel season.
Within less than 24 hours of Airbus and the European Union Aviation Safety Agency issuing an ...Read more
Black Friday sales rise, underscoring US consumers' resilience
Sales on Black Friday rose from a year earlier, according to a key data provider — a sign that U.S. consumers are continuing to spend despite persistent economic concerns.
Retail sales, excluding autos, increased 4.1% on the day after Thanksgiving, according to data from Mastercard SpendingPulse. That surpasses last year’s 3.4% growth. The ...Read more
Teen brands win over wary Black Friday shoppers while other deals disappoint
This Black Friday, one class of retailers has figured out the trick of luring shoppers suffering through frigid temperatures and high inflation: teen brands.
To tempt picky Americans, they are offering sales on products like perfume, body wash and sweatshirts. It’s seemingly paying off: The most crowded stores Friday in cities across the U.S....Read more
9 more newspapers sue OpenAI, Microsoft, alleging stolen content used in AI apps
ANAHEIM, Calif. — Nine newspapers owned or managed by MediaNews Group filed a civil lawsuit Wednesday, Nov. 26, against OpenAI and Microsoft, accusing the tech giants of violating copyright law by stealing the news publishers’ content to build and operate the large language models that power their artificial intelligence applications.
The ...Read more
Six Flags has no plans to sell Knott's Berry Farm or Magic Mountain, CFO says
ANAHEIM, Calif. — Six Flags has no plans to sell Knott’s Berry Farm or Six Flags Magic Mountain as the struggling company considers selling underperforming amusement parks amid a plummeting stock price and declining revenues.
Knott’s Berry Farm and Six Flags Magic Mountain are critical to the long-term growth of the amusement park chain, ...Read more
Lawsuit: Meta allowed sex trafficking posts on Instagram as it put profit over kids' safety
SAN JOSE, Calif. — A significant new court filing claims Facebook and Instagram owner Meta had a “17x” policy allowing sex traffickers to post content related to sexual solicitation or prostitution 16 times before their accounts were suspended on the 17th “strike.” The allegation is one of many in the filing claiming Meta chose profit ...Read more
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