BUSINESS
Disney’s CEO boomerang reveals Iger’s biggest failing
Iger was transformative at Disney, buying assets such as Pixar, Marvel, Lucasfilm and 21st Century Fox — moves that sent the stock soaring almost 500% during his 15-year tenure.
BUSINESS
Alexa, will you ever make money?
When it comes to scale and popularity, the speaker’s digital assistant Alexa has been a tremendous success. But the snark at the start of Alexa’s life was partly right. Financially it’s been a flop.
BUSINESS
Adani weighs $5 billion fundraise as banks urge deleveraging
The network of companies owned by Asia’s richest person has reached out to top officials at firms including Mubadala Investment Co. and Abu Dhabi Investment Authority about investments.
WORLD
EU considers imposing price cap of $65-$70 on Russian oil
EU ambassadors are meeting on Wednesday with the aim of approving the cap mechanism and a proposed price level.
BUSINESS
Bitcoin’s Crystal Ball has a $5,000-to-$1 million range post-FTX
Over the past few days, long-term targets for the world’s largest token by market value have ranged from $5,000 at strategists BCA Research Inc. to $1 million by 2030 for Ark Investment Management’s Cathie Wood.
BUSINESS
Adani group’s cash generation ability underappreciated, M&G says
“The businesses Adani is incubating and operating in -- ports, airports, rail, logistics -- they are real businesses that generate cash,” Vikas Pershad, a Singapore-based fund manager at M&G, said in an interview.
BUSINESS
Gautam Adani’s flagship firm weighs FPO to raise as much as $2.4 billion
Billionaire Gautam Adani’s conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as the information is private. The sale could even raise as much as $2.4 billion, one of the people said.
BUSINESS
Goldman sees 10-year treasury yield of 4% or more through 2024
Ten-year Treasury yields -- which are currently around 3.75% -- has traded at 4% or higher for 23 days so far in 2022--- all occurring since late September. Before that brief stint -- which came as traders ramped up Fed hike wagers -- the yield hadn’t touched that level since early 2010.
BUSINESS
Tragedy-hit Mistry family has $29 billion fortune locked in a bitter feud
Through five generations and 157 years, the Mistrys have grown an empire responsible for building palaces, factories and stadiums across Asia.
BUSINESS
iPhone delays weigh on Apple ahead of holiday season
Customers in the US who placed an order Tuesday would get an iPhone 14 Pro delivered in New York on Dec. 30, after Christmas, according to Apple’s website.
BUSINESS
Unilever may launch ice cream from cow-free dairy in a year
The company is working on a process called precision fermentation that uses substances like yeast and fungi to produce milk proteins in a vat.
BUSINESS
Disney looks to Bob Iger for transition as it dumps CEO Chapek
Elsewhere in the Disney empire, however, loyalists were missing him. Within days, Iger, 71, would be back at the helm of the company he ran for 15 years and Bob Chapek, his handpicked successor, would be gone, news that Disney announced to the world on Sunday evening.
BUSINESS
Twitter isn’t helping your career
In an era when all workers are supposed to sustain a personal brand that in theory will insulate us from job losses and other workplace misfortunes, something important could be lost if the site disappears or becomes a junkyard of spambots and trolls. And yet I also wonder what we might gain from its demise.
BUSINESS
Sweden is rethinking what makes it great
The first foreigner-confounding confusion was the work of neoliberal intellectuals at think tanks such as Timbro who enjoyed remarkable success in redesigning government policies.
SPORTS-TRENDS
Neymar stands in the way of Messi’s FIFA World Cup dream
Messi’s Argentina and Neymar’s Brazil head into the World Cup, which just got underway in Qatar, as favourites, with more than half of respondents naming one of them as the likely winner
BUSINESS
State-run SECI opens bids for $2.4 billion PLI for solar manufacturers
The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency’s website.
BUSINESS
World's Most-Crucial Fuel Heads for Shortage Touching Everything
In the US alone, the surging diesel cost will mean a $100 billion hit to the economy, according to Mark Finley, an energy fellow at Rice University's Baker Institute of Public Policy.
BUSINESS
US, EU aim to hit back at non-market policies with eye on China
A reference by the EU to some of China’s market-impacting policies would represent a win for the US as Washington has been pushing the bloc to take a tougher stand on the issue.
BUSINESS
Tom Brady, Steph Curry FTX endorsements probed by Texas regulator
The regulator is scrutinizing payments received by the celebrities to endorse FTX US, along with what disclosures were made and how accessible they were to retail investors, Joe Rotunda, director of enforcement at the Texas State Securities Board, told Bloomberg News in an interview.
BUSINESS
India’s big plans for cleaner jet fuel face a string of hurdles
There -- on a sprawling 300 acre tea estate where leopards and deer can be spotted -- scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants like pongamia and jatropha that aren’t consumed.
BUSINESS
Elon Musk fires more Twitter sales workers after ‘hardcore’ purge
Some of those who were fired started to receive notice on Sunday, according to two people familiar with the matter, though it’s unclear how many will be impacted in the current round. Platformer earlier reported the news.
BUSINESS
Bob Iger takes first steps to Disney in memo to staff
“Over the coming weeks, we will begin implementing organizational and operating changes within the company,” Iger said Monday in a memo. “It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are.”
BUSINESS
This KKR-backed startup is tapping PM Modi's decarbonisation drive
Prime Minister Narendra Modi is encouraging the gradual phase-out of fossil fuels after it set a target of getting to net zero by 2070.
BUSINESS
Mideast KFC operator Americana Restaurants looks to raise up to $1.8 billion via IPO
The books for the deal, a dual listing in Abu Dhabi and Riyadh, are multiple times covered and orders below 2.62 dirhams or 2.68 riyals per share risk not being allocated, according to the terms. At that price the company would have a market capitalization of $6 billion.
