NEW YORK (AP) – Warner Bros. Discovery is recommending its shareholders reject an unsolicited buyout offer from Paramount Skydance in favor of a rival bid from Netflix it said will better serve their interests and the entertainment company’s audiences.
HEFEI, China (AP) – Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The question is whether it will work. The German carmaker, which once dominated the market with a more than 50% share, has invested 3 billion euros ($3.5 billion) in a sprawling research and development center.
NEW YORK (AP) – Warner Bros. is telling shareholders of the company that it believes a $72 billion buyout offer from Netflix is superior, and to reject a hostile takeover bid from Paramount Skydance.
Excerpts from recent editorials in the United States and abroad:
The Chronicle of Philanthropy’s annual list of the biggest charitable donations from individuals or their foundations totaled $5 billion in 2025. Topping the list was $2 billion from Nike co-founder Phil Knight and his wife, Penny, followed by a $746.7 million donation from Warren Buffett and a $500 million pledge from the mother and stepfather of Amazon founder Jeff Bezos.
NEW YORK (AP) – Sales at U.S. retailers and restaurants were unchanged in October from September as consumers moderated their spending amid worries about higher prices and other economic uncertainties after splurging over the summer.
DETROIT (AP) – Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles in lieu of investment in more efficient gasoline-engines and hybrid EVs, the company said Monday.
NEW YORK (AP) – The Ah Louis Store in San Luis Obispo, California, turns into a winter wonderland every holiday season. Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift shop. Inside, customers can choose from over 500 different types of ornaments and a variety of holiday gift baskets.
Automakers Hyundai and Kia must offer free repairs to millions of models under a settlement announced Tuesday by Minnesota’s attorney general, who led an effort by dozens of states that argued the vehicles weren’t equipped with proper anti-theft technology, leaving them vulnerable to thefts.
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