Labour Donor's Electric Airline Venture Enters Liquidation
EcoJet Airlines, founded by Labour donor Dale Vince as the world's first all-electric airline, has appointed liquidators after failing to secure commercial flights.
Category : Acquisitions
Garner Celebrates $845M Baby Food IPO with Son at NYSE
Jennifer Garner brought her 13-year-old son Samuel to the New York Stock Exchange as she rang the opening bell for her organic baby food company's $845 million IPO.
Gallo Buys Four Roses Bourbon from Kirin for $775 Million
Wine giant Gallo announces acquisition of Kentucky's Four Roses bourbon brand from Japanese-based Kirin in a deal valued at up to $775 million, expected to close in Q2 2026.
Jennifer Garner's Food Brand Raises $198M in IPO
Jennifer Garner's organic children's food company Once Upon a Farm has raised nearly $198 million in its US initial public offering, valuing the firm at over $724 million.
Stellantis €22bn Hit After Overestimating EV Shift
Stellantis announces a €22bn charge and cancels its Ram 1500 BEV electric truck, admitting it overestimated the pace of the shift to electric vehicles and faces poor operational execution.
Tortilla Founder Returns in Leadership Shake-Up for Growth
Mexican chain Tortilla has announced a major leadership shake-up, with founder Brandon Stephens returning as CEO to spearhead ambitious pan-European expansion plans.
Boeing 737 Max Crash Families Fight to Revive Criminal Case
Thirty-one families of Boeing 737 Max crash victims have asked a federal appeals court to revive a criminal case against the aircraft manufacturer, arguing their rights were violated in a settlement deal.
Rio Tinto and Glencore Abandon $260bn Merger Plan
Mining giants Rio Tinto and Glencore have abandoned revived plans for a $260bn merger, marking the third collapse of talks to create the world's largest mining company.
Rio Tinto and Glencore Abandon Merger Talks
Rio Tinto and Glencore have terminated discussions for a potential merger that would have created the world's largest mining company, citing an inability to reach a mutually agreeable deal.
Uncle Nearest Whiskey Faces Chapter 7 Liquidation Battle
Iconic American whiskey brand Uncle Nearest Inc. is preparing for Chapter 7 liquidation, with receivers planning to sell vineyards and real estate while founders fight creditors and allege fraud.
Johnsons 1871 Removal Firm Enters Administration
A historic family-owned removals company operating since 1871 has entered administration, with administrators confirming a sale that protects 150 jobs.
Nvidia-OpenAI $100bn Deal Collapse Shakes AI Economy
The apparent evaporation of a $100bn circular funding arrangement between Nvidia and OpenAI raises fundamental questions about AI's economic sustainability and market hype.
Josh D'Amaro: Disney's New CEO From Parks to Top Job
Disney names Josh D'Amaro as new CEO, replacing Bob Iger. The 54-year-old veteran brings three decades of experience, most recently as Chairman of Disney Experiences, overseeing theme parks and resorts globally.
Carlsberg Profits Jump with Britvic Integration Ahead
Danish brewer Carlsberg reports a 22.7% profit increase to £1.6 billion, driven by faster-than-expected savings from its Britvic takeover, though organic sales dip slightly.
Tycoon's Bankruptcy: $239k Left, Guinea Pigs Listed as Assets
Former hedge fund magnate Jason Ader declares personal bankruptcy with minimal assets while facing lawsuits from his mother over a $13 million loan and American Express over lavish spending.
Senate Probes Netflix-Warner Bros Discovery Merger
The US Senate is investigating the proposed merger between Netflix and Warner Bros Discovery, raising concerns over market dominance and consumer choice in streaming.
Josh D'Amaro Named Disney CEO After 30-Year Rise
Disney names Josh D'Amaro as new CEO, succeeding Bob Iger. The 54-year-old veteran, previously Chairman of Disney Experiences, brings three decades of company experience and a lifelong passion for the brand.
SpaceX's $1.25tn xAI Merger: A Bailout for Minority Investors?
Elon Musk's merger of SpaceX with xAI at a $1.25tn valuation raises concerns among minority shareholders, who see it as a bailout for the loss-making AI firm.
£4.2m loan dispute over luxury spending in High Court
A corporate investor is suing a financier couple over an unpaid £4.2 million loan allegedly spent on Ferraris, Lamborghinis, jewellery and premium travel instead of business purposes.
Disney Appoints Theme Parks Boss as New CEO
Josh D'Amaro will become Disney's chief executive from March 18, succeeding Bob Iger after a three-year search. The theme parks veteran brings 28 years of experience.
Disney Names Josh D'Amaro as New CEO
Disney has officially named Josh D'Amaro, its parks chief, as the new CEO to replace Bob Iger, following a period of leadership challenges and strategic shifts.
Disney Names Josh D'Amaro as Next Chief Executive
Disney has announced Josh D'Amaro as its next CEO, succeeding Bob Iger who returned in 2022 after Bob Chapek's departure. D'Amaro currently leads Disney's parks and cruises division.
Disney Names Theme Park Chief Josh D'Amaro as New CEO
Josh D'Amaro, the executive who led Disney's theme parks to record profits, has been appointed as the company's new chief executive, succeeding Bob Iger.
Disney Names Parks Chief Josh D'Amaro as New CEO
Disney has appointed Josh D'Amaro, its parks and experiences chairman, as the next chief executive officer, taking over from Bob Iger following a turbulent period under previous successor Bob Chapek.
Disney CEO Josh D'Amaro Replaces Bob Iger
The Walt Disney Company has appointed Josh D'Amaro as its new Chief Executive Officer, succeeding Bob Iger in a strategic leadership change aimed at driving future growth.
AG Barr Buys Fentimans and Frobishers in £50m+ Deals
Scottish soft drinks giant AG Barr has acquired rivals Fentimans and Frobishers in deals exceeding £50 million, reporting strong annual results with double-digit profit growth expected.
Musk Merges SpaceX and xAI Before 2026 IPO
Elon Musk consolidates his space and AI ventures, including SpaceX, xAI, Starlink, and X, into one company ahead of a planned massive initial public offering later this year.
Fintech CEO Gokce Guven Charged with $7M Investor Fraud
Gokce Guven, founder of Klader Inc. and Forbes 30 Under 30 recipient, faces charges for allegedly defrauding investors of $7 million and obtaining a US visa through fraudulent means.
US Contractor's Gaza Plan: 300% Profit, 7-Year Monopoly
A US disaster response firm submitted a proposal to White House officials guaranteeing 300% profits and a seven-year monopoly over Gaza trucking and logistics, documents reveal.
Disney Q1 Profits Beat Expectations on Film Hits
Disney's first-quarter adjusted earnings exceeded Wall Street forecasts, driven by strong box-office performances from Zootopia 2 and Avatar: Fire and Ash, with shares rising 2%.
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