BP ‘abandoning plan to cut oil output’ angers green groups | BP
Environmental groups are furious over reports that BP has scrapped its oil production cut targets for the next five years, accusing the company of putting profits ahead of the health of the planet. Campaigners including Greenpeace and Reclaim Finance condemned the move, which could see oil companies scrap plans to cut oil and gas production […]
Disney Shares Plunge Nearly 10% as Bob Iger Warns about Future Profitability, Decreases Marvel Output
Walt Disney Company stock plunged more than 9% Tuesday morning as CEO Bob Iger suggested Disney still faces a tough road as it continues to emerge from its recent poor performance. Disney shares fell 9.6% after the company warned that Disney+ subscriber numbers are expected to stagnate in the near term and the next quarter […]
Disney to cap Marvel output at 3 movies per year to focus on ‘quality’
Disney has announced that it will limit Marvel movies to three per year and Disney+ shows to two in a bid to focus on “quality” after criticism that the company makes too many mediocre superhero movies. The Mouse House announced Tuesday that streaming platforms Disney+ and Hulu delivered a quarterly operating profit of $47 million […]
Flailing Woke Marvel Lays Off Staff, Says It Will Reduce Output
Disney Grooming Syndicate’s struggling Marvel division laid off 15 staffers this week. report extreme left variety. The report goes on to say, “The layoffs come after challenges associated with a 2023 release led Marvel to reevaluate its rapid production ramp-up for the launch of Disney+. The premise was that the number of titles had decreased […]
Intel receiving whopping $20B from Biden to boost US chip output
The Biden administration announced Wednesday that it will give Intel nearly $20 billion in grants and loans as part of the CHIPS Act, significantly expanding the company’s domestic semiconductor production and making it the government’s largest subsidy for cutting-edge chip production. This will be the largest expense. President Joe Biden is expected to announce a […]