CEO Mark Thompson said it was “a logical possibility” that CNN might pursue a subscription bundle similar to what the New York Times offers.
Category: Business
German Carmakers Report Sales Drop and Diverging EV Fortunes
Mercedes-Benz, BMW and Volkswagen all posted declines in overall vehicle sales and saw demand drop in China in the second quarter, but experienced diverging fortunes […]
Alibaba Leans Into AI to Draw Shoppers Beyond China
China’s e-commerce juggernaut Alibaba Group is reigniting a yearslong effort to expand overseas as it seeks to offset a weakened grip on online retail at […]
Hapag-Lloyd Lifts Earnings View on First-Half Momentum
The German shipping company said it expected the second half to be above expectations thanks to recent strong demand and increased short-term freight rates.
Volkswagen Cuts Margin Outlook on Audi Plant Closure
The German car manufacturer trimmed its guidance for 2024 operating return on sales due to the potential Brussels closure and other unplanned expenses.
BP to Book Up to $2 Billion Impairment
The oil company said weak oil trading and lower refining margins would hurt earnings. The warning echoes a similar message from Exxon Mobil.
China Vanke Expects to Post Losses in First Half
China Vanke expects to report a loss in the first half as the continuing crisis in the country’s real-estate sector continues to weigh on developers.
UPS Names Brian Dykes as Finance Chief
Dykes succeeds Brian Newman, who the company said in May was departing to focus on his health.
UAW President Faces Allegations of Demanding Benefits for Domestic Partner
A new court filing shows a federal watchdog is probing claims a high-ranking official was marginalized for resisting the president’s demand.
Devon Energy Nabs Williston Basin Driller in $5B Deal
Devon Energy has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.