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Asics to Dissolve Trading Subsidiary, Consolidate Walking Business August 15
Asics will liquidate its trading subsidiary and consolidate walking operations. Q2 profit jumped 62.1% to 35.6 billion yen as Onitsuka Tiger brand drives growth.
Toyota Ex-Chief Hiroshi Okuda Dies at 93, Prius Pioneer Gone
Hiroshi Okuda, former Toyota president who championed the Prius hybrid and led the automaker’s global rise, has died at 93. He was the first non-founding family member to lead Toyota in 28 years.
Paramount CEO Ellison Threatens California Exit by Oct. 1 Over Merger Dispute
Paramount CEO David Ellison threatens to move the studio out of California by October 1 if AG Rob Bonta refuses settlement talks in the $110B Warner Bros. merger antitrust case.
Safeway Closes 3 More Stores in 2026 as Albertsons Cuts Underperforming Locations
Safeway closes stores in California, Oregon, and Washington D.C. in 2026. Albertsons cites expiring leases and underperformance as reasons for the restructuring amid failed Kroger merger.
Radio Caroline Fined for Accidentally Broadcasting King Charles Death on Air
Radio Caroline breached two Ofcom broadcasting rules after accidentally airing three prerecorded death announcements for King Charles III on May 19, 2026. The station failed to correct the false report quickly enough.
Paramount CEO Ellison Threatens California Exit by Oct. 1 Over Merger Dispute
Paramount CEO David Ellison threatens to move the studio out of California by October 1 unless state AG Rob Bonta agrees to settle the $111 billion Warner Bros. merger antitrust lawsuit.
PNE AG (ETR: PNE3) Shares Plunge Over 20% as Takeover Bids Fall Below Current Market Price
PNE AG shares have plunged more than 20% since Monday’s disclosure that takeover bids fell short of expectations. The German wind farm developer confirmed potential acquirers priced below the company’s current market valuation. PNE AG’s stock hit its lowest level since late April on Tuesday, August 11, 2026. The uncertainty now clouds a sale process…
Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.