Company activities and management

General Motors shares rose after record profits and a new stake in the lithium company  CNN Business

General Motors shares rose after record profits and a new stake in the lithium company CNN Business

New York CNN – General Motors reported much stronger-than-expected fourth-quarter earnings, pushing full-year results to record highs for the second year in a row. The largest US automaker also said on Tuesday it was buying a $650 million stake in Lithium Americas, which would give it access to raw materials needed to build batteries to …

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Live Nation exec confronts lawmakers over Taylor Swift's concert ticket fiasco |  CNN Business

Live Nation exec confronts lawmakers over Taylor Swift’s concert ticket fiasco | CNN Business

New York CNN – Lawmakers are set to question the chief executives of Event ticket industry Tuesday after Ticketmaster’s inability to process orders for Taylor Swift’s upcoming tour left millions of fans unable to purchase tickets or without their ticket until after purchase. Joe Berchtold, president and chief financial officer of Ticketmaster’s parent company Live …

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Netflix Founder Reed Hastings Steps Down As Co-CEO |  CNN Business

Netflix Founder Reed Hastings Steps Down As Co-CEO | CNN Business

New York CNN – Netflix announced Thursday that founder Reed Hastings will step down as co-CEO of the company and will serve as CEO. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been debating succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog …

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Retail sales continued to fall in December as shoppers battled inflation  CNN Business

Retail sales continued to fall in December as shoppers battled inflation CNN Business

Minneapolis CNN – It was the end of 2022 for spending in America. The US Commerce Department reported on Wednesday that US retail sales continued to decline in December, falling 1.1% as inflation continued to rise. This is the largest monthly drop since December 2021, and nearly every category (excluding building materials, groceries, and sporting …

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Rocket launch fails first attempt to launch satellites off the coast of Alaska |  CNN Business

Rocket launch fails in attempt to launch satellites off the coast of Alaska | CNN Business

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news of amazing discoveries, scientific advances, and more. CNN – A rocket operated by a California-based startup failed near the coast of Alaska Tuesday, marking another mishap for… Companies that hope to provide their services to launch dozens of small satellites into orbit. …

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Rocket launch fails first attempt to launch satellites off the coast of Alaska |  CNN Business

Rocket launch fails first attempt to launch satellites off the coast of Alaska | CNN Business

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news of amazing discoveries, scientific advances, and more. CNN – A rocket operated by a California-based startup failed near the coast of Alaska Tuesday, marking another mishap for… Companies that hope to provide their services to launch dozens of small satellites into orbit. …

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Galactic merger brought together a pair of supermassive black holes |  CNN

Galactic merger brought together a pair of supermassive black holes | CNN

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news of amazing discoveries, scientific advances, and more. CNN – Two supermassive black holes have been spotted feeding on cosmic material when two galaxies merge in distant space – the closest black hole collisions astronomers have ever observed. Astronomers discovered the pair while …

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