Michael Rousseau, CEO of Air Canada, will retire by 2026 after facing intense criticism for his English-only video tribute to pilots killed in a LaGuardia airport crash, sparking outrage in French-speaking Quebec.
ARN Media's market value has plunged to around $100 million as former radio stars Kyle Sandilands and Jackie O Henderson file lawsuits seeking over $160 million combined, potentially forcing drastic corporate measures.
Nathan Kirsh, 94, sells his cash-and-carry business Restaurant Depot to food giant Sysco for $29.1 billion, a deal set to reshape the wholesale food distribution industry.
Air Canada CEO Michael Rousseau announces retirement after intense criticism for delivering condolences only in English following a deadly LaGuardia Airport plane crash, sparking outrage in bilingual Canada.
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Air Canada CEO Michael Rousseau announces retirement following criticism over his English-only condolence message after a deadly New York crash, highlighting Canada's bilingual tensions.
Five Guys CEO Jerry Murrell awarded $1.5 million in bonuses to employees after a chaotic promotional day, joking he didn't want 'anybody shooting me in the back' in a reference to a recent CEO assassination.
A 40-year-old chocolate manufacturer, a premium children's bike company, and a vaping distributor are among six businesses that have recently plunged into administration, citing rising costs and market challenges.
Neighborhood Restaurant Partners, operating 53 Applebee's across Alabama, Florida, and Georgia, filed for Chapter 11 bankruptcy. Dine Brands will serve as stalking-horse bidder to potentially acquire the struggling franchisee.
Meta awards six top executives stock options worth up to $921 million each, aiming for a $9 trillion valuation by 2031. This comes amid layoffs and a major push into artificial intelligence.
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A weak pound and sluggish economy have made UK brands like Primark and Magnum targets for sales or splits, driven by activist investors and global trends.
A bitter court battle erupts as textile millionaires Natalie and Jeremy Berg accuse their late daughter's husband of attempting a 'smash and grab' raid on their £10 million business, Fabric Land, following family promises dispute.
Shock jock Kyle Sandilands' personal mortgage on his $14 million Sydney mansion is forcing a swift resolution to his $88 million wrongful termination case against ARN, as court proceedings begin.
New Disney CEO Josh D'Amaro navigates a turbulent first week with Epic Games partnership collapse, OpenAI deal termination, and Bachelorette cancellation fallout.
Long Island Vodka has filed a lawsuit against the Saudi-backed LIV Golf tour, alleging trademark infringement and consumer confusion over branded alcohol and apparel.
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Angela Bacares, widow of late billionaire Mike Lynch, confronts bankruptcy as High Court orders his estate to pay £920m damages to Hewlett-Packard over 2011 Autonomy acquisition.
Czech billionaire Daniel Křetínský insists Royal Mail's service has not declined under his ownership, despite MPs highlighting 220m late letters this year and price hikes.
Leonid Radvinsky, the reclusive Ukrainian-born entrepreneur who transformed OnlyFans into a multi-billion-dollar platform, has died at age 43 following a private struggle with cancer. His death occurred days before the public announcement, with the compan
Billionaire Leonid Radvinsky, the reclusive owner of OnlyFans, passed away days before the public announcement. The 43-year-old had been privately battling cancer while transforming adult entertainment.
Mike Cannon-Brookes' Atlassian suffers nearly $1bn loss after Amazon and Anthropic unveil advanced AI products, sparking an 8% NASDAQ plunge and raising fears about corporate software demand.
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ARN Media's market value has dropped below $100 million as Kyle Sandilands' $85 million compensation claim rattles shareholders, with analysts warning of an uncertain future.
Amazon has acquired Fauna Robotics, the startup behind the Sprout humanoid robot designed for social spaces like homes and schools, expanding its robotics portfolio beyond industrial applications.
Industry insider Matt Belloni suggests Disney might sell ABC to avoid brand damage from Taylor Frankie Paul's domestic violence scandal, citing new CEO Josh D'Amaro's potential reassessment.
The High Court has denied Mike Lynch's estate the right to appeal a ruling ordering it to pay Hewlett-Packard Enterprise nearly £1 billion over the Autonomy acquisition fraud case.
The estate of late tech tycoon Mike Lynch must pay Hewlett Packard Enterprise $1.24bn in damages and interest for fraudulent sale of Autonomy, following a High Court ruling that refused appeal permission.
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Estée Lauder and Puig are discussing a potential merger to create a $40bn fashion and beauty group, combining brands like Clinique and Jean Paul Gaultier.
Beauty conglomerate Estee Lauder confirms discussions with Spain's Puig, aiming to merge brands like MAC and Clinique with Nina Ricci and Jean Paul Gaultier.
S4 Capital shares jumped 27% after the marketing firm reported cost reductions and highlighted client prioritisation of AI spending over traditional marketing budgets.
Julian Hearn, who left school at 16, is set to make over £400 million after selling his nutrition company Huel to Danone for £860 million, marking a remarkable entrepreneurial journey.
Rolls-Royce announces its ultra-exclusive Coachbuild Collection, featuring fully electric one-off cars paired with bespoke experiences for invitation-only clients worldwide.
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Michael Rapino testified in federal court as internal messages revealed employees bragged about high fees. The Justice Department alleges an illegal monopoly in live events.
