Disney defends Bob Iger, Didi gets approval to register users, FAA investigates near-crash at JFK
Notable business headlines include Disney defending CEO Bob Iger after an activist investor battle, Didi receiving approval to resume user registration, and the FAA investigating narrowly avoided collision at JFK airport.
BRAD SMITH: Well, let's get down to business. Here are some of the headlines that we're following for you this morning.
Disney is defending its CEO, Bob Iger, after an activist investor, Nelson Peltz, and his firm tried and-- started a proxy battle last week, raising issues about the erosion of Disney's stock price, its 2019 Fox acquisition, and calling out what it says to be poor governance.
Disney pushed back on Peltz's bid for a board seat, saying in a filing that its board was where it needed to be to move the company forward and saying in an investor presentation that Peltz has no track record in large-cap media or tech, no solutions to offer for the evolving media landscape.
Overseas, though, Didi received global approval-- Didi Global received that approval from China's cybersecurity regulator to continue registering new users for its ride-hailing service. The move signals an easing regulatory environment for Beijing's internet giants, suggesting that Didi's app may soon return to mobile-app stores following China's 2021 probe into its business.
And planes belonging to Delta and American Airlines nearly collided on a John F. Kennedy Airport runway Friday. The Federal Aviation Administration and National Transport Safety Board are now investigating the incident. A representative from Delta said its flight was heading to the Dominican Republic but deplaned after the aircraft stopped on the runway. Delta has promised to work with and assist aviation authorities in reviewing the incident. Meanwhile, American Airlines deferred to the FAA for comments.