The sum represents initial compensation to make up for lost profits due to January’s midair blowout of a door plug.

The jeans maker posted a quarterly loss following a restructuring charge and raised its outlook for the year as it refocuses its business model toward its direct-to-consumer channel to offset declining wholesale sales.

An agreement would pave the way for an exit by controlling shareholder Shari Redstone.

Investors supported the company’s slate of board nominees. Peltz lost his bid to become a director in a win for the Disney CEO.

Flexis, the electric-van joint venture formed by Volvo, Renault and CMA has named Philippe Divry as its chief executive.

Chinese liquor giant Kweichow Moutai says it is aiming for continuous sales growth this year after posting a 19% rise in 2023 net profit on stronger sales.