Industry

Army Discloses $2.7 Billion Dark Eagle Production Award but Leaves Contractor Unnamed

Army announced a $2.7 billion production contract for the Dark Eagle hypersonic glide body tied to an accelerated FY2026 fielding, but did not name the contractor.

#defense, #hypersonics, #army, #procurement

Pompano Beach UNFI Warehouse Ratifies First Teamsters Contract with 31% Raise

More than 200 UNFI warehouse workers in Pompano Beach ratified a five-year Teamsters contract with a 31% wage increase, pension and Teamsters health care.

$UNFI, #labor, #union, #unfi, #teamsters

After Intrepid’s Collapse, Court Battle Over ‘Ashes of Creation’ Source Code and Alleged Unpaid Wages

Intrepid Studios collapsed weeks after Ashes of Creation's Early Access launch. Now lawsuits seek control of the game's code and probe unpaid wages.

#gaming, #mmorpg, #crowdfunding, #layoffs

Jury Finds Live Nation, Ticketmaster Illegally Monopolized Concert Ticketing

A Manhattan jury found Live Nation and Ticketmaster illegally monopolized concert ticketing and overcharged fans, sending the case to a remedies phase.

$LYV, #livenation, #ticketmaster, #antitrust, #concerts

BBC to Cut Up to 2,000 Jobs to Close About £500 Million Funding Gap

BBC will cut 1,800–2,000 jobs over two years to close a roughly £500m shortfall as licence-fee income falls and leadership changes loom.

#bbc, #jobcuts, #licencefee, #media

FTC and Eight States File Complaint Against Major Ad Agencies Over Alleged Brand‑Safety Collusion

FTC and eight states say WPP, Publicis and Dentsu colluded through industry groups to impose a 'brand safety' floor that cut ad revenue from sites.

#antitrust, #advertising, #ftc, #media

FTC Orders Rollins to Stop Enforcing Noncompetes for Over 18,000 Workers

FTC says Rollins' noncompetes barred many low-wage workers; agency orders company to stop enforcement and warns other pest-control firms.

$ROL, #ftc, #noncompete, #rollins, #labor

FedEx and Pilots Reach Tentative Deal to Raise Pay About 40% and Deliver Large Back Pay

FedEx and its pilots’ union reached a tentative multi‑year pact to raise hourly pay about 40% in 2026 and deliver substantial retroactive cash.

$FDX, #fedex, #pilots, #labor, #aviation

Raytheon Signs $3.7 Billion Deal to Supply Patriot GEM‑T Missiles to Ukraine as German Line Scales Production

RTX says it signed a $3.7B direct commercial sale of Patriot GEM‑T interceptors to Ukraine, backed by a new production line in Schrobenhausen, Germany.

$RTX, #defense, #patriot, #ukraine, #raytheon

Dow Elevates COO Karen S. Carter to CEO; Jim Fitterling to Become Executive Chair on July 1, 2026

Dow will name COO Karen S. Carter CEO on July 1, 2026; current CEO Jim Fitterling becomes executive chair as the company advances its transformation.

$DOW, #dow, #leadership, #succession, #chemicals, #restructuring

Beijing Court Orders Liquidation of Zhongzhi Group and 316 Affiliates; Creditors Must File Claims by June 10

Beijing court orders substantive consolidation and liquidation of Zhongzhi Enterprise Group and 316 affiliates; creditors must file claims by June 10.

#china, #bankruptcy, #shadowbanking, #finance

Chevron Warns Accounting ‘Timing Effects’ and Working‑Capital Outflow Could Cut Billions From Q1 Results

On April 9, Chevron warned marking derivatives, LIFO inventory and a $2–4bn working‑capital outflow could trim roughly $2.7–$3.7bn from Q1 results.

#chevron, #oil, #earnings, #accounting, #energy

Maersk Keeps Ships on Longer Detours Despite Two‑Week Ceasefire for Strait of Hormuz

Maersk will keep vessels on longer detours despite a US‑Iran two‑week ceasefire that could allow limited, conditional transit through the Strait of Hormuz.

#maersk, #shipping, #straithormuz, #oil

Neurocrine to Buy Soleno for $2.9 Billion, Picks Up Prader‑Willi Drug VYKAT XR

Neurocrine will acquire Soleno for $2.9B to add VYKAT XR, the newly approved Prader‑Willi hyperphagia drug, aiming to expand its rare‑disease portfolio.

#biotech, #m&a, #raredisease

Samsung Forecasts Record Quarterly Profit as AI Memory Chips Boom

Samsung projects a record Q1 2026 operating profit of about ₩57.2 trillion, driven largely by surging demand for AI memory chips.

#samsung, #semiconductors, #ai, #memory-chips