Wendy’s board of directors on Thursday unanimously rejected a $1.4 billion hostile takeover bid from a group of investment firms, saying the offer undervalues the restaurant chain and is not in the best interest of shareholders. “The Independent Committee thoroughly evaluated this Proposal and unanimously concluded that it substantially undervalues Wendy’s standalone prospects and long-term…
Residents of Villa Vie Odyssey — which remains stuck in Cambodia — have been informed the cruise ship is now under control of its lender, according to a message sent to residents and obtained by CBS News. The ship will soon be moved from Cambodia to Singapore, where it could eventually be auctioned off, according…
Elon Musk on Tuesday said SpaceX and Tesla are exploring a merger — a business combination that one Wall Street analyst said could be worth nearly $5 trillion, which would make it the largest deal in corporate history. “Both SpaceX and Tesla have formed special committees to discuss this idea at the request of shareholders,…
Paramount Skydance on Tuesday completed its $110 billion acquisition of Warner Bros. Discovery, uniting the movie studios behind “The Godfather” and the “Harry Potter” films into a media colossus rebranded as Skydance. The merger also brings together the news outlets CBS News and CNN, major cable networks such as Comedy Central, Nickelodeon, TBS and TNT…
Retirement is biting Generation X. Its oldest members will turn 62 next year, the earliest age at which people can claim Social Security benefits, with many Americans having too little saved to stop working even as the program faces its own funding crisis. Chris Branaman, 53, jokes that his retirement will be spent as a…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
European football’s governing body UEFA said on Thursday it would boycott the World Cup should FIFA press ahead with its private investor plan. “No UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive, unless this proposal has been abandoned in its entirety and binding assurances have been…
Paramount Skydance will delay its planned merger with Warner Bros. Discovery until as late as June 2027 amid separate lawsuits filed by state attorneys general and the Writers Guild of America. The deal could be completed sooner if a federal judge rules on the lawsuits. The deal could close five days after the merits determination….
