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Michelle Chapman

Michelle Chapman

Fortune

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Postal Service dumps FedEx for UPS as primary air cargo carrier as it looks to slash $3 billion in costs

FedEx said on its last quarterly call that it had provided services to USPS for over two decades and the two sides were still in negotiations.

01.04.2024 6

Fortune

Michelle Chapman

Home Depot’s largest acquisition ever is an $18.25 billion bet on the housing market’s severe shortage of new homes

The acquisition target, SRS Distribution, provides materials for professionals like roofers, landscapers and pool contractors.

28.03.2024 4

Fortune

Michelle Chapman

AT&T says hourslong outage to its U.S. cellphone network was caused by bad coding—not a cyberattack

AT&T blamed the incident on an error in coding, without elaborating.

23.02.2024 20

Fortune

Michelle Chapman

Tens of thousands lose cellular coverage from AT&T, Verizon, T-Mobile and more

“Some of our customers are experiencing wireless service interruptions this morning,” AT&T said in a statement.

22.02.2024 7

Fortune

Michelle Chapman

Songs by Taylor Swift, Drake, Adele and more get yanked off TikTok after licensing deal lapses with Universal

“Ultimately TikTok is trying to build a music-based business, without paying fair value for the music,” Universal Music Group said.

31.01.2024 6

Fortune

Michelle Chapman

Dwayne Johnson will finally own the rights to ‘The Rock’ nickname after deal with WWE owner

Johnson will also join the board of TKO Group, the sports and entertainment company that houses WWE and UFC.

23.01.2024 10

Fortune

Michelle Chapman

Sheryl Sandberg says it's the right time for her to leave Meta because Mark Zuckerberg has it 'strong and well-positioned for the future'

Sandberg served as COO of Facebook, and then Meta, for 14 and a half years and as a board member for 12 years.

18.01.2024 5

Fortune

Michelle Chapman

Wells Fargo employees jump on union gains across the U.S. by voting to unionize in historic first

The workers say they are understaffed, underpaid, and mismanaged.

21.12.2023 5

Fortune

Michelle Chapman

U.S. Steel agrees to sell to Japan's Nippon Steel for $55 per share in $14 billion all-cash mega-merger with all union contracts to be upheld

Valued at approximately $14.1 billion in cash, the transaction is worth about $14.9 billion when including the assumption of debt.

18.12.2023 5

Fortune

Michelle Chapman

Choice Hotels launches $8bn hostile takeover bid for bigger rival Wyndham after being rebuffed repeatedly

Choice has said that it went public with the bid after six months of negotiations broke down.

12.12.2023 8

Fortune

Michelle Chapman

WWE soars on social media after former champ CM Punk returns over Thanksgiving weekend

While WWE's fans had been talking about the possibility of CM Punk returning for weeks, his appearance after nearly a decade away had millions posting...

29.11.2023 10

Fortune

Michelle Chapman

Six Flags is merging with Cedar Fair to create an amusement park giant worth over $3.5 billion

The combined company will boast 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico.

02.11.2023 6

Fortune

Michelle Chapman

Jamie Dimon will sell JPMorgan shares for the first time since becoming CEO nearly 2 decades ago

JPMorgan sought to reassure investors about the stock sale, saying "Dimon continues to believe the company’s prospects are very strong."

27.10.2023 2

Fortune

Michelle Chapman

For one airline, window seats are going to board first—even in economy

United said that it’s shown to save up to two minutes of boarding time.

18.10.2023 6

Fortune

Michelle Chapman

Birkenstock, the 264-year-old upmarket sandals maker, valued at $8.6 billion in Wall Street IPO

The company’s footwear was first cobbled together by Johann Adam Birkenstock in 1774, and its footbed was developed in 1902.

11.10.2023 2

Fortune

Michelle Chapman

Exxon Mobil is buying fracking giant Pioneer Natural in $59.5bn deal, its biggest in over two decades, as energy prices surge

Exxon purchased XTO Energy in 2009 for approximately $36 billion. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion.

11.10.2023 2

Fortune

Michelle Chapman

American, United and Delta suspend flights to Israel as plume of spoke appears near Tel Aviv's Ben Gurion airport

Airlines in Europe and Asia also put flights on hold amid the hostilities, offering refunds and waiving rebooking fees for passengers.

09.10.2023 4

Fortune

Michelle Chapman

Amazon Prime to streaming customers: pay $2.99 per month or go back to watching commercials

It's not alone, either. Disney will charge $13.99 per month for ad-free Disney and Netflix already charges $15.49 per month for its ad-free plan.

22.09.2023 8

Fortune

Michelle Chapman

WWE's 'Friday Night Smackdown' moving from Fox to USA Network under a 5-year deal with NBCUniversal

“It’s a privilege and thrill to continue NBCU’s decadeslong partnership with WWE,” said Frances Berwick, chairman of NBCUniversal...

21.09.2023 2

Fortune

Michelle Chapman

UAW president throws automaker proposals in trash as tensions ahead of possible union strike intensify: ‘Be ready to stand up for yourselves’

"The automakers have yet to offer our members a fair contract," Shawn Fain told workers.

10.09.2023 3

Fortune

Michelle Chapman

Google to require AI-altered political ads to be prominently marked

Some presidential campaigns in the 2024 race — including that of Florida GOP Gov. Ron DeSantis — already are using the technology.

07.09.2023 5

Fortune

Michelle Chapman

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