Paramount Global recently held talks with Comcast on joining forces for a streaming deal, the Wall Street Journal reported Friday, citing people familiar with the matter.The two companies discussed a streaming partnership or joint venture for Paramount+ and Peacock, among several strategic options Paramount was pursuing, the report said.The development comes after Fox, Walt Disney’s ESPN and Warner Bros Discovery said earlier this month they would launch a joint sports streaming service from their broad por ...

Jeff Bezos has unloaded another 12 million shares of Amazon worth $2 billion, bringing the total stock he sold during the past week to more than $6 billion.The 60-year-old billionaire unloaded his latest cache of shares in the e-commerce giant he founded on Tuesday and Wednesday, according to Securities and Exchange Commission filings earlier reported on by Bloomberg.The transactions are part of Bezos’ grander plan to sell as many as 50 million Amazon shares over the next year. 3 Jeff Bezos unloaded anoth ...

Starbucks said it’s rolling out a revamped look across its US chain of 16,300-plus locations in order to make the coffee-ordering experience more accessible and “inclusive”.Washington DC’s Union Market Starbucks debuted the new design on Friday, and it includes power-operated doors and a new point-of-sale system that’s portable and boasts an adjustable angle stand, voice assist, screen magnification and photos of menu items.“Imagine somebody who doesn’t speak English as a first language, and you’re trying t ...

The Department of Justice is planning to scrutinize Walt Disney, Fox and Warner Bros Discovery’s planned sports streaming platform over concerns that it could harm consumers, sports leagues and rivals, Bloomberg Law reported on Thursday.The regulators will examine the terms of the deal when it is finalized, the report added, citing two people familiar with the matter.Earlier this month, the three media giants said they will launch a joint venture to start a sports streaming service this autumn to capture yo ...

JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements.In a statement, the New York-based Jamie Dimon’s JPMorgan explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability t ...

Last fall’s contentious United Auto Workers’ strike changed Ford’s relationship with the union to the point where it will “think carefully” about where it builds future vehicles, Ford’s top executive said Thursday.CEO Jim Farley told the Wolfe Research Global Auto Conference in New York that the company always took pride in its relationship with the UAW, having avoided strikes since the 1970s.But last year, Ford’s highly profitable factory in Louisville, Ky., was the first truck plant that the UAW shut down ...

Cisco revealed plans to slash its headcount by 5% — roughly 4,250 employees across the tech behemoth’s global workforce — as it steps up its focus on artificial intelligence.San Jose, Calif.-based Cisco said the layoffs — which will cost the company some $800 million in pre-tax charges related to severance and benefits — will enable it to focus on high-growth areas such as AI and software development.Cisco CEO Chuck Robbins told investors on Wednesday: “Our innovation sits at the center of an increasingly c ...

Morgan Stanley will reportedly slash several hundred bankers in its wealth management division in a cost-saving measure implemented by the Wall Street firm’s new CEO Ted Pick.The company plans to cut managing directors as well as other non-customer-facing employees, according to The Wall Street Journal, which was the first to report the planned layoffs.The anticipated cuts are expected to impact less than 1% of a division that has roughly 40,000 workers, according to The Journal.The layoffs are the first ma ...

Billionaire Nelson Peltz’s Trian Fund Management criticized Walt Disney’s investment plans, calling it a “spaghetti against the wall plan,” in a letter sent to the entertainment and media giant’s shareholders on Monday.The home of Mickey Mouse is in a proxy battle with Peltz who has pushed the company to cut costs, create Netflix-like profit for its streaming business and clean up its succession planning. 3 The home of Mickey Mouse is in a proxy battle with Nelson Peltz who has pushed the company to cut c ...

Meta boss Mark Zuckerberg ripped Apple’s $3,500 “Vision Pro” virtual reality headset – and poked fun at the company’s “fanboy” defenders” – in the latest sign of an escalating rivalry between the two tech giants.Zuckerberg took aim at Apple’s buzzy gadget in a product review after he “finally tried” the pricey competitor. The 39-year-old argued that his company’s Quest 3 VR headset, which costs $499, is “better for the vast majority of things that people use mixed reality for.”“I have to say that before th ...