T. Rowe Price Profit Jumps on Stock Market Rally
T. Rowe Price, backed by Goldman Sachs, sees significant profit growth driven by a strong stock market rally, highlighting investor confidence and market dynamics.
Category : Corporate News
Washington Post Layoffs Hit 30% of Staff, Former Editor Blasts Bezos
The Washington Post has laid off approximately 30% of its employees, devastating news divisions. Former executive editor Marty Baron condemns owner Jeff Bezos for brand destruction and moral failures.
Washington Post Launches Layoffs in Cost-Cutting Move
The Washington Post has begun significant job cuts across most news departments as part of a restructuring plan to address financial losses and adapt to changing media consumption patterns.
Washington Post Cuts One-Third of Staff
The Washington Post has announced a significant reduction of its workforce, eliminating approximately one-third of its staff positions. This move represents a major blow to the historic news organization.
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Washington Post Announces Major Layoffs and Restructuring
The Washington Post announced significant layoffs and restructuring, including closing its sports section and eliminating Books, drawing backlash from staff and former editor Marty Baron.
Ex-IWK CEO Tracy Kitch to Be Sentenced for Fraud
Tracy Kitch, former CEO of IWK Health Centre, is set to be sentenced for fraud. The case highlights accountability in healthcare leadership and financial management.
Ex-Post Editor Slams Bezos Over Newsroom Layoffs
Marty Baron, former Washington Post editor, criticizes Jeff Bezos for massive layoffs and policy changes, calling it a betrayal of journalistic values and a dark chapter for the newspaper.
Washington Post Lays Off One-Third of Staff
The Washington Post is implementing sweeping layoffs affecting one-third of its workforce, eliminating its sports department, and restructuring operations amid subscriber losses and internal turmoil.
Washington Post Lays Off One-Third of Staff in Major Restructuring
The Washington Post is implementing significant workforce reductions, with one-third of its employees across all departments being laid off, as reported by The Associated Press in February 2026.
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Teskey Named CEO of Brookfield Asset Management
Brookfield Asset Management announces Connor Teskey as new CEO, succeeding Bruce Flatt who remains chair and parent company CEO in planned leadership succession.
Teskey Takes Over as Brookfield Asset Management CEO
Brookfield Asset Management announces Connor Teskey as new CEO, succeeding Bruce Flatt who remains chair and parent company CEO in planned succession.
Chipotle, Mondelez Shares Slide on Weak Demand
Shares of Chipotle Mexican Grill and Mondelez International declined as both companies face challenges from softening consumer demand and increasing operational expenses, impacting their sales outlook.
Walmart Reaches $1 Trillion Market Cap Milestone
Walmart Inc. has joined the exclusive $1 trillion market capitalization club, driven by technological investments and appeal to value-conscious shoppers across income levels.
BusinessATS Q3 Profit and Revenue Rise Year-Over-Year
BusinessATS announces third-quarter financial results showing growth in both profit and revenue compared to the previous year, highlighting robust performance in a dynamic market.
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Brookfield Reports $615M Q4 Profit, Raises Dividend
Brookfield Asset Management has announced a strong fourth-quarter profit of US$615 million and increased its dividend, reflecting robust performance in its global investment portfolio.
CGI Acquires Atlanta-Based Stratfield Consulting
Montreal-based CGI Group has signed a definitive agreement to acquire Stratfield Consulting, an Atlanta-headquartered firm, strengthening its U.S. market presence and consulting capabilities.
Melinda Gates Questions Bill Gates on Epstein Ties
Melinda French Gates publicly states her ex-husband Bill Gates must address questions regarding his connections to Jeffrey Epstein, highlighting ongoing scrutiny.
Uber Profit Forecast Below Estimates Amid Margin Pressure
Uber's latest financial outlook indicates profit will fall short of analyst expectations, as increased trip volume from discounted rides fails to offset the negative impact on profitability margins.
Yum Brands Tops Sales Estimates Amid Value Meal Demand
Yum Brands, parent company of KFC, reports stronger-than-expected same-store sales as budget-conscious diners increasingly opt for value-oriented menu offerings.
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Musk's SEC Twitter Lawsuit Dismissal Bid Rejected
A federal judge has denied Elon Musk's attempt to dismiss an SEC lawsuit alleging he delayed disclosing his Twitter stake, costing shareholders over $150 million.
Toys 'R' Us Canada Files for Creditor Protection
The Canadian subsidiary of the iconic toy retailer has filed for creditor protection, marking a significant development in the nation's retail landscape as it navigates financial restructuring.
Disney Names Josh D'Amaro as New CEO, Replacing Bob Iger
Disney announces Josh D'Amaro, current parks chief, will become CEO on March 18, 2026, succeeding Bob Iger. D'Amaro takes over amid streaming profitability and political challenges.
SaskEnergy Fires 13 Employees Over Fuel Theft
Saskatchewan's natural gas utility has dismissed 13 employees following an investigation into internal fuel theft that occurred between 2024-2025, with financial impact still being assessed.
Ex-Starbucks Exec Sues Over Firing After Maggot Report
A former Starbucks executive alleges she was terminated after reporting maggots in equipment and safety concerns, filing a lawsuit against the coffee giant.
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Paramount CEO Skips Senate Hearing on Warner Bros. Merger
Paramount Skydance CEO David Ellison declined to testify at a Senate antitrust hearing about the Netflix-Warner Bros. merger, calling it anti-competitive while defending his own bid.
Walmart Hits $1 Trillion Market Value Milestone
Walmart has become the first retailer in history to reach a market capitalization of US$1 trillion, marking a significant achievement in the retail sector.
GDI Investors Oppose Birch Hill Takeover as Too Low
Two significant shareholders in GDI Integrated Facility Services Inc. are rejecting a privatization offer from Birch Hill Equity Partners, calling the $36.60 per share bid insufficient and unfair to investors.
Musk Merges SpaceX and xAI in $1.25 Trillion Deal
Elon Musk combines SpaceX and xAI to create the most valuable private company ever, aiming for space-based AI infrastructure and a blockbuster IPO.
Josh Amaro Named Disney CEO, Replacing Bob Iger
The Walt Disney Company has announced that Josh Amaro, current head of Disney Parks, will take over as CEO from Bob Iger in 2026, marking a major leadership transition.
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Disney Appoints Josh D'Amaro as New CEO
Walt Disney Company appoints Josh D'Amaro, head of its parks division, as CEO to succeed Bob Iger, facing challenges from AI, streaming competition, and labor negotiations.
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