MICHELLE CHAPMAN AP Business Writer - Page 1

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Disney in search of perhaps its greatest sequel — a successor to Bob Iger

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Only two years after stepping down as CEO, Iger returned to Disney in 2022 after a period of clashes and missteps under his hand-picked successor,...

A popular clothing store has filed for bankruptcy for a second time

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Forever 21 stores in the U.S. will hold liquidation sales and the website will continue to run while operations wind down. WASHINGTON — Forever...

After acquisition by JetBlue falls through, Spirit faces second merger bid from Frontier

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Bigger U.S. airlines have in recent years snagged some of Spirit’s budget-conscious customers by offering their own brand of bare-bones tickets. WASHINGTON — Frontier...

WWE is seeking a bigger stage and Netflix, pushing for more live events, is providing it

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For Netflix, onboarding the WWE is part of a strategic move to air more live events on the heels of a hugely successful fight between...

Intel CEO Pat Gelsinger retires, steps down from company’s board

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Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger. Intel...

DirecTV to buy Dish Network, Sling TV for $1, plus the assumption of debt

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The prospect of a DirecTV-Dish combo has long been rumored, with headlines about reported talks popping up over the years. WASHINGTON — DirecTV is...

A popular gas station chain is being bought for $17.1 billion

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The past few years have been especially profitable for oil, spurring a number of acquisitions by energy companies flush with cash. WASHINGTON —...

After abruptly closing dozens of restaurants, Red Lobster files for Chapter 11 bankruptcy

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Promotions like the all-you-can-eat shrimp, meant to draw people to the restaurants, ended up hurting Red Lobster's bottom line. WASHINGTON — Red Lobster, the...

Amazon cutting several hundred positions across Prime Video and MGM Studios unit

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A note to employees said that the company is boosting investment in areas with the most impact, while stepping back from others. Amazon is...

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries

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The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business. WASHINGTON...
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