BUSINESS

Photo Credit: Ford

Ford’s investment in Detroit’s downtown revival is a significant development for the city. The restoration of the Michigan Central Station, a landmark that had become a symbol of urban decay, represents a major step in Detroit’s ongoing transformation.

Photo Credit: Microsoft

The Federal Trade Commission (FTC) is investigating Microsoft's recent agreement with artificial intelligence startup Inflection, signaling heightened scrutiny of the burgeoning AI industry by U.S. antitrust regulators.

Before suburban malls and online shopping redefined retail, there was a golden age of American department stores. These grand emporiums were more than shopping hubs; they offered tea rooms, childcare, beauty services, and even exotic animals like pet monkeys and baby pumas.

Photo Credit: Getty Images

In a significant development in the media industry, Paramount Global and Skydance Media have agreed on the terms of a merger deal that could reshape the entertainment landscape. The special committee of Paramount Global’s board of directors and David Ellison’s Skydance Media, backed by private-equity firms RedBird Capital and KKR, have revised the merger terms to offer a more enticing proposition to Paramount’s nonvoting shareholders.

Photo Credit: BMW

In a bold move to invigorate sales, BMW dealers across the United States are offering a substantial discount on the high-performance hybrid SUV, the BMW XM. The vehicle, which boasts a 4.4-liter twin-turbocharged V8 engine, is now available with a $17,500 lease credit, making it an enticing option for luxury car enthusiasts.