Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in an all-cash deal. This move aims to win over Warner’s shareholders for a $72 billion merger and counter a bid from Paramount. On Tuesday, Netflix and Warner announced a revised transaction to simplify the structure and speed up a shareholder vote.…… MORE
Warren Buffett’s Successor Eyes Selling Off Berkshire Hathaway’s 325 Million Kraft Heinz Shares
OMAHA, Neb. (AP) — Warren Buffett’s successor appears to be considering his first significant move after taking over as CEO this month. Kraft Heinz warned investors Tuesday that Berkshire Hathaway may be interested in selling its 325 million shares in the name brand food giant that Buffett helped create back in 2015. Buffett and the…… MORE
Netflix Delivers Solid 4th Quarter, but Stock Sinks Amid Worries About Slowing Subscriber Growth
Netflix capped last year with another solid financial performance despite slowing subscriber growth that underscored the importance of its contested $72 billion bid to take over Warner Bros.’ fabled movie studio and slot HBO Max into its video streaming line-up. The fourth-quarter results announced Tuesday eclipsed the projections of stock market analyst, but Netflix’s report…… MORE
Fed Chair Powell to Attend Supreme Court Argument on Cook Case
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair. The high court is considering whether President Donald Trump can fire Cook, an unprecedented attempt by the…… MORE
IRS Head Announces a Shake-Up on the Eve of the 2026 Tax Season
WASHINGTON (AP) — The head of the IRS is announcing a shake-up he says will improve taxpayer service and modernize the agency. In a letter to employees viewed by The Associated Press on Tuesday, IRS Chief Executive Officer Frank Bisignano said he is naming Gary Shapley, a whistleblower in the Hunter Biden tax investigations, as…… MORE