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…
The Walt Disney Company is raising prices for several of its subscription plans, including Disney+, Hulu and certain bundle options. Both standalone ad-free plans for Disney+ and Hulu are increasing by $2.50, or 13%, bringing the total cost to $21.49 a month for each, the entertainment giant told CBS News on Wednesday. The cost of…
Redfin and Zillow must amend a commercial agreement the real estate firms struck last year because it weakened competition in the home rental market and harmed consumers, federal regulators said on Monday. The settlement, announced Monday by the Federal Trade Commission, resolves an antitrust lawsuit the agency filed last year. The FTC alleged that Zillow paid…
Tulsi Gabbard, the former director of national intelligence who left her position earlier this year after her husband was diagnosed with bone cancer, told CBS News that he is progressing well. In a new video she shared with CBS, Gabbard said doctors discovered the rare tumor, a sacral chordoma, on his tailbone after Abraham Williams…
During President Trump’s second term, Republicans have escalated their attacks on hard-to-trace fundraising methods used by left-leaning groups. Now, those efforts could force more disclosure for a project linked to Mr. Trump himself: Freedom 250, the entity behind America’s 250th birthday celebration. When the Trump administration set out to plan events for America’s 250th anniversary,…
