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Disney tops profit estimates, seeks extra $2 billion in cost savings

Runaway expenses and the missing dividend were two key issues raised by activist investor Nelson Peltz, who is once again seeking board representation at the comany

Google fails to improves products until under pressure, US argues

"We didn't know what would happen" with the choice screen, testified Ben Gomes, who was head of Google's search team at the time. "This was trying to figure out what would happen"

Picasso sells for $139 million, artist's second highest in history

Auctioneer Oliver Barker began bidding on the Picasso at $95 million, climbing quickly to $110 million in $5 million increments

Russia-linked hackers claim responsibility for OpenAI outage this week

The group presents itself as a "hacktivist" gang that is waging attacks out of Africa on behalf of oppressed Muslims worldwide

Adani flagship aims big on data centers with $1.5 bn capex planned

The company is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030

ArcelorMittal SA's Q3 profit drops as steel market demand weakens

"The company remains positive on the medium/long-term steel demand outlook," ArcelorMittal said in a statement on Thursday

SoftBank Group's vision fund reports another loss of $1.7 billion

The Vision Fund segment reported a loss of ¥258.9 billion ($1.7 billion) in the September quarter, compared with a ¥1.02 trillion loss a year ago

Former WeWork CEO Adam Neumann remains billionaire despite co's bankruptcy

"It has been challenging for me to watch from the sidelines as WeWork has failed to take advantage of a product that is more relevant today than ever before," Neumann, 44, said in a statement

Half of US is at risk of losing power during extreme cold, say officials

Regional system operators in a vast swath of the country stretching from Texas to New England are "at risk of insufficient electricity supplies during peak winter conditions,"

Search payments necessary to support Android ecosystem, argues Google

The competition between Alphabet Inc.'s Google and Apple is "as intense as it gets," said Jamie Rosenberg, testifying in the search giant's defence Wednesday

Morgan Stanley's wealth business under US Fed's scrutiny over lapses

The bank's top regulator has been pressing the New York-based firm to improve its processes and controls to prevent wealthy international clients from laundering money

Democrats fend off Republican sweep in win for women's right to abortion

Going into the race, Republicans held a narrow majority in the House of Delegates and had ambitions of flipping the Senate

India proposes slashing EV import taxes to clinch UK free trade deal

The UK's demand for import concessions on electric vehicles is one of the few outstanding issues in the free trade talks

Trader loses last fight to kick out $1.8 bn UK dividend tax fraud case

Shah's lawyers had argued the claim shouldn't take place in the UK because matters of foreign tax law can't be ruled on there

Tax windfall gives Modi govt scope to spend more on welfare schemes

The revenue windfall gives Modi's government more firepower for a populist push as voters in five states take to the polls this month and the nation gears up for general elections in 2024

NYC, San Francisco offices brace for pain from WeWork's bankruptcy

The coworking giant's spiral into bankruptcy hit landlords along the way as it renegotiated and sought to exit many leases

Fear of missing out grips global aviation as deal frenzy comes to Dubai

There's more to come. The Dubai Air Show kicks off next week, promising to send 2023 off with a flurry of orders for Airbus SE and Boeing Co

Hot October makes 2023 'virtually certain' to be warmest year ever

Both November and December would need to be significantly colder than average in order for 2023 to avoid becoming the hottest year ever

US invests $553 mn in Adani's Sri Lanka port to curb China's influence

The financing from International Development Finance Corp. for the deepwater West Container Terminal in Colombo is the US government agency's largest infrastructure investment in Asia

Why it is time for a single QR code for all the payments in the world

There is a lot of work to be done. Consolidating the labels in a single repository doesn't always solve the problem of multiple contractual relationships, each of which comes with its own accounting