Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News,…
McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The company is working on a new “McValue” approach for next year that involves keeping the $5 value meal offer it launched this summer on the menu for the first half…
Target reported earnings Wednesday that came in far below Wall Street’s expectations, something the big-box retailer attributed to slower than expected demand. The company announced profits that fell short of forecasts by 20%, its widest miss in two years. Revenues, meanwhile, came in under expectations for the first time in…
U.S. prosecutors have charged Gautam Adani, India’s second-richest person, with fraud over accusations that he and several alleged co-conspirators sought to pay $250 million in bribes to Indian officials. The U.S. attorney’s office in Brooklyn, New York, accused the executives, most of them Indian, on Wednesday of obtaining funds from…
A 17-year-old who is not allowed to speak in public in her own country has won a prestigious international award for advocating for the rights of Afghan girls. Nila Ibrahimi won the International Children’s Peace Prize on Tuesday, an award that has recognized luminaries including climate activist Greta Thunberg and…
Eight people were injured after a cable car crashed more than 3,000 meters (9,800 feet) above sea level at France’s Val Thorens ski resort on Tuesday, authorities said. The cable car was carrying construction workers up the Cime Caron mountain in bad weather conditions when it “collided with the arrival…
The United States formally recognized Venezuelan opposition leader Edmundo Gonzalez as the country’s president-elect following the disputed July 28 presidential election, Secretary of State Antony Blinken announced Tuesday on X. “The Venezuelan people spoke resoundingly on July 28 and made Edmundo Gonzalez the president-elect. Democracy demands respect for the will…
Iran has defied international demands to rein in its nuclear program and has increased its stockpile of uranium enriched to near weapons-grade levels, according to a confidential report by the United Nations’ nuclear watchdog seen Tuesday by The Associated Press. The report by the International Atomic Energy Agency said that…
China showed off its rapidly advancing military technology by unveiling a string of cutting-edge hardware at the country’s largest airshow last week. The biennial event in the southern city of Zhuhai has become a rare public window into the military and industrial might of the rising communist-controlled superpower, while also…
Brazilian police have arrested five people, including a former adviser to ex-President Jair Bolsonaro, over an alleged plot to assassinate President Luiz Inácio Lula da Silva in 2022, authorities said. The coup plot was conceived in late 2022, before Lula took office, according to Federal Police. In addition to killing…