Disney and DirecTV have reached an agreement that restores access to Disney-owned networks for over 11 million DirecTV subscribers after a programming blackout that began on September 1. The deal also includes Disney's streaming services in select DirecTV packages.
Amazon is raising wages for its contracted delivery drivers to nearly $22 per hour as part of a $2.1 billion investment in its delivery service partner program. This increase comes amid growing unionization efforts among delivery workers.
TD Bank has been ordered to pay nearly $28 million by the CFPB for repeatedly sharing inaccurate information about its customers with credit reporting agencies. The inaccuracies included personal bankruptcies and credit card delinquencies, which potentially harmed customers' credit scores.
Stellantis is investing over $406 million in three Michigan plants to enhance electric and hybrid vehicle production capabilities. This investment supports the company's goal of transitioning to a multi-energy vehicle strategy and meeting future electric vehicle demands.
Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau, permanently banning the company from servicing federal student loans. The settlement resolves allegations of misleading borrowers and mishandling payments, with compensation to be provided to affected borrowers.
American Airlines flight attendants have ratified a new five-year contract that includes wage increases of up to 20.5% and retroactive pay. The agreement, reached after lengthy negotiations, covers about 28,000 attendants and addresses compensation for boarding time.
Keurig Dr Pepper Inc. has agreed to pay a $1.5 million fine to settle charges from the SEC for making inaccurate statements about the recyclability of its K-Cup pods. The company failed to disclose significant concerns from major recycling firms regarding the feasibility of recycling these pods.
National Grid has agreed to sell its Electricity System Operator to the UK government for £630 million, with the deal expected to finalize by October 1. This sale is part of the UK's strategy to enhance its clean energy infrastructure and achieve net zero emissions by 2030.
Walgreens has agreed to pay $106.8 million to settle allegations of submitting false payment claims for prescriptions that were never dispensed. The settlement addresses lawsuits filed by whistleblowers on behalf of the U.S. government.
In 2023, Americans spent $147 billion on pets, leading to financial stress for 91% of pet owners. A proposed bipartisan bill in Congress aims to allow the use of tax-advantaged accounts for veterinary expenses.
Bank of America has increased its minimum hourly wage to $24, moving towards a target of $25 by 2025. This change affects all full-time and part-time hourly employees in the U.S.
General Motors and Hyundai Motor Co. have agreed to explore potential collaboration on vehicle development and supply chain efficiencies. The partnership aims to reduce costs and accelerate the delivery of a wider range of vehicles to customers.
Brookfield Asset Management is set to invest up to $1.1 billion in Infinium to enhance the production of low-carbon sustainable aviation fuels. This investment includes significant funding for Infinium's Roadrunner project in West Texas and other global e-Fuels initiatives.
Eli Lilly is investing $1.8 billion in Ireland to enhance production capabilities for its Alzheimer's treatment and obesity drugs. This investment is part of a broader commitment of over $20 billion in manufacturing since 2020.
McDonald's has announced the extension of its $5 Meal Deal at most U.S. locations through December, following a successful summer promotion. The deal aims to attract budget-conscious customers amid rising food prices and increased competition in the fast-food industry.
Reserve Bank of India Governor Shaktikanta Das announced that India's expected growth rate is 7.5%, with potential for higher growth. This comes amid a slowdown in GDP growth and easing monetary policies from major central banks.
A report reveals that many parents face transaction fees when paying for school lunches electronically, disproportionately affecting low-income families. The Consumer Financial Protection Bureau found that most public school districts use payment processors that charge significant fees, despite a legal requirement to offer fee-free payment options.
Unity Software has canceled its Runtime Fee pricing policy and will return to a subscription model for its gaming customers. The company will implement price increases for its Pro and Enterprise subscriptions starting January 1, 2025.
Amazon Web Services (AWS) has announced plans to invest £8 billion in the UK over the next five years to establish data centers, which is expected to create 14,000 jobs and contribute significantly to the economy. This investment comes amid increased scrutiny of AWS's market practices by UK regulators.
Authorities in Manchester and Birmingham have unveiled plans for a new railway line that aims to provide significant benefits at a lower cost compared to the scrapped HS2 northern leg. The proposed Midlands-North West Rail Link is designed to alleviate congestion and improve connectivity between the two cities.
An Indian lawmaker and a trade group have urged the government to suspend Amazon and Flipkart's operations due to findings of antitrust violations. The Competition Commission of India has reported that both companies favored specific sellers, harming competition in the e-retail market.
TC Energy's C$1 billion deal to sell a minority stake in its natural gas pipeline system to Indigenous communities has been delayed due to transaction structuring issues. The deal was intended to allow 72 Indigenous communities to acquire a 5.34% stake in the pipeline assets.
JPMorgan Chase has announced a $10 million loan to the Chicago Community Loan Fund to support affordable housing development in underserved neighborhoods of Chicago. This initiative is part of a broader $200 million commitment to address economic challenges in the city's South and West sides.
eToro has agreed to a settlement with the U.S. SEC, which includes a $1.5 million penalty and a restriction on trading to only three cryptocurrencies: bitcoin, bitcoin cash, and ether. This settlement follows allegations that eToro operated as an unregistered broker and clearing agency since at least 2020.
The Bank of England has revised its capital rules, reducing the required increase in capital buffers for UK banks to less than 1%, which is expected to benefit smaller lenders and enhance competition in the mortgage market. The changes will take effect in 2026 and were influenced by significant lobbying from the banking sector.
BMW is recalling 1.5 million vehicles due to a faulty braking system from supplier Continental, leading to a significant reduction in its earnings forecast for 2024. The company expects to incur nearly €1 billion in costs related to the recall.
Meta's global affairs chief stated that parents are not utilizing the child safety tools provided on Facebook and Instagram, highlighting a behavioral issue. This comes amid increasing regulatory pressure to protect children online, including new measures from the Australian government.
Volkswagen is contemplating closing factories in Germany and ending a long-standing job security program due to rising competition and economic challenges. This would mark the first plant closures in the company's history in its home country.
Sibanye Stillwater has reported significant financial losses and plans to lay off around 700 workers in Montana due to plummeting palladium prices. The company is also seeking up to $700 million in prepayment deals to stabilize its finances.
The cost of pet care in the U.S. has surged, with Americans spending $147 billion on pets in 2023, leading to significant financial stress among pet owners. Factors contributing to the rising costs include inflation, private equity consolidation of veterinary practices, and increased expenses for veterinary services.