PepsiCo is under scrutiny from activist shareholder Elliott Investment Management, which has proposed cost-cutting measures and the divestment of underperforming brands like Quaker. Elliott’s $4bn stake and a detailed 75-page report suggest that separating the bottling network could enhance margins and simplify operations. However, some investors express caution, noting that such a move could be…

A former flight attendant has launched a class-action lawsuit against United Airlines in federal court, alleging the airline’s failure to compensate hourly staff for work performed outside of flight time. Lawrey claims that United violated New Jersey labor laws by only paying flight attendants for time spent in the air, neglecting duties such as check-ins,…

Oracle’s Safra Catz is stepping down as chief executive, with the US software group splitting the role between two top lieutenants, as it accelerates its shift into the infrastructure powering the artificial intelligence boom. The role will be shared by Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Oracle Industries President Mike Sicilia. Ms….

McDonald’s has appointed Das Dasgupta as global chief data analytics and AI officer. An adjunct professor at USC Marshall School of Business, Mr. Dasgupta has also held leadership roles at Amazon and Viacom, and most recently served as Starbucks’ chief data and analytics officer. “In the near term, I’ll focus on building ‘Moneyball’ teams, early…

The Walt Disney Co. is set to pay back tens of thousands of Disneyland employees following a $233m class-action settlement approved by Orange County Superior Court Judge William Claster. The settlement, described as “absolutely historic” by attorney Randy Renick, resolves a seven-year legal battle over the application of Anaheim’s living wage law, which mandates higher…

OpenAI has appointed Mike Liberatore, former finance chief of xAI, to the role of business finance officer for artificial intelligence infrastructure. Reporting to CFO Sarah Friar, he will “focus on supporting the team charged with scaling OpenAI’s access to compute.” Shawn Cole, president of boutique executive search firm Cowen Partners, said: “AI companies are tilting…