Corporate News - News Of LosAngeles

Tesla electric vehicles park side by side with a warm glow in a futuristic dealership against a cityscape

Tesla Loses Top Spot as EV Maker, Musk Steps Down

Daniel J. Whitman January 3, 2026

At a Glance Tesla falls to second place behind BYD as world's best-selling EV maker. 2025 deliveries drop 9% to 1.64 million vehicles. CEO Elon Musk...

Executive standing with massive countdown timer in a futuristic lab and AI screens.

Corporate News Tech News

OpenAI Announces New Head of Preparedness to Combat AI Risks

Daniel J. Whitman December 31, 2025

At a Glance OpenAI is hiring a new executive to study emerging AI risks. The role, titled Head of Preparedness, offers $555,000 plus equity. It...

Bob Iger looks at a boardroom screen showing Warner Bros Discovery assets with orange tie across table and ornate map behind.

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Paramount Revises $108B Bid for Warner Bros. Discovery, Adding Larry Ellison’s Guarantee

Daniel J. Whitman December 23, 2025

Paramount on Monday unveiled a revised $108B bid for Warner Bros. Discovery, adding a personal guarantee from Oracle co‑founder Larry Ellison. The...

Executive sealing a deal with a silver briefcase and American flag pin on desk and map backdrop

Business News Corporate News Tech News

TikTok’s U.S. Business Sold to Oracle, Silver Lake and MGX, Deal to Close Jan. 22

Ethan R. Coleman December 19, 2025

TikTok’s future in the United States is finally secured after a deal to sell its U.S. business to a consortium of American investors is set to close...

Kristin Cabot stands with crossed arms and downward gaze on dimly lit stage with empty seats and scattered Coldplay merch

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Kristin Cabot Reveals the Personal Cost of a Viral Kiss‑Cam Moment

Ethan R. Coleman December 18, 2025

Kristin Cabot, the 53‑year‑old HR chief of data‑operations firm Astronomer, has finally spoken out about the whirlwind that erupted after a kiss‑cam...

Consumer News Corporate News Tech News

AT&T Offers $177 Million Settlement to Data Breach Victims – How to Claim Your Compensation

Ethan R. Coleman December 18, 2025

AT&T has announced a $177 million settlement to compensate customers whose data was exposed in two separate breaches last year. Millions of AT&T...

Business News Corporate News Tech News

California Threatens to Suspend Tesla’s Sales License Over Misleading Self‑Driving Claims

Ethan R. Coleman December 18, 2025

California regulators have issued a warning that Tesla could lose its right to sell cars in the state early next year if the company does not adjust...

Business News Corporate News Entertainment News

Warner Bros. Discovery Board Rejects Paramount Skydance Takeover, Chooses Netflix Deal

Ethan R. Coleman December 17, 2025

On Wednesday, Warner Bros. Discovery’s board told shareholders to reject a hostile "$108"‑billion bid from Paramount Skydance and its controlling...

Business News Corporate News

Affinity Partners Withdraws from Paramount Skydance’s $108 B Takeover Bid for Warner Bros. Discovery

Ethan R. Coleman December 17, 2025

Affinity Partners, the private‑equity arm of Jared Kushner, has pulled out of the $108 billion hostile takeover bid for Warner Bros. Discovery that...

UPS seasonal worker holding a heavy package with fists clenched and standing before a looming UPS warehouse at dusk.

Business News Corporate News

UPS Accused of Paying Seasonal Workers Millions in Wages Under the Table

Ethan R. Coleman December 16, 2025

In a lawsuit filed Monday in Manhattan, New York Attorney General Letitia James alleges that UPS has deprived tens of thousands of seasonal workers...