Business

Wednesday’s business headlines

The latest business headlines

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

Disney

Wal Disney said Bob Iger is stepping aside as the company’s longtime CEO, effective immediately, to be succeeded by the company’s head of parks.

Iger is leaving Disney after the company recorded one of the biggest box-office years in movie history and the successful launch of the Disney+ streaming service.

The head of the parks division, Bob Chapek, will immediately have to deal with coronavirus and protecting the parks.

iOS

A report from 91 Mobiles shows what it claims to be a video of iOS 14’s multitasking feature in action.

Instead of the one-app-at-a-time slideshow on iOS 13, the feature tiles your open apps, displaying four at a time on your screen.

The iOS 14 release is probably still seven months away though.

JP Morgan

JP Morgan Chase, the largest U.S. bank will no longer provide loans for new oil and gas drilling projects in the Arctic.

JP Morgan is also halting loans, capital markets and advisory services to companies that draw most of their revenues from coal mining and has committed $200 billion to the United Nations sustainable development goals.

Salesforce

Salesforce made a lot of news Tuesday.

The company with operations in Indianapolis said Salesforce co-CEO Keith Block stepped down – Marc Benioff will be the sole CEO.

Salesforce also announced the $1.33 billion acquisition of Vlocity, a cloud and mobile software company.

The company also beat its quarterly expectations.

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