AMC CEO Adam Aron discloses online blackmail attempt last year
Adam Aron, chairman and CEO of AMC Entertainment, listens during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 18, 2021. Patrick T. Fallon | AFP | Getty Images AMC CEO Adam Aron confirmed Thursday he was the victim of a blackmail attempt by a New York woman last year. The case had […]
SAG-AFTRA strike continues as talks break down
Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Timothy A. Clary | AFP | Getty Images Forget about a Hollywood ending for actors and studios — for now. After just under two weeks, […]
Activist investor Starboard reportedly seeks changes at News Corp
Activist investor Starboard Value has built a stake in Rupert Murdoch’s News Corp, and intends to push for changes at the parent company of MarketWatch and the Wall Street Journal, according to a report Sunday night. The Wall Street Journal reported that Starboard believes the media giant is undervalued and will seek strategic and governance […]
Incoming Walgreens CEO doesn’t mention pharmacy walkouts
Tim Wentworth, former CEO of Express Scripts. David A. Grogan | CNBC Incoming Walgreens CEO Tim Wentworth on Thursday briefly praised the company’s pharmacy staff, but made no mention of the three-day protest walkouts they held this week over poor working conditions. The walkouts reflect rising dissatisfaction among pharmacy employees, who have complained for years […]
Review: This pricey tequila has roots in Ukraine
The bottle Laneta tequila ($89.99-$169.99, depending on expression) The back story Normally, when we talk about tequila, we talk about Mexico, where the agave-based spirit hails from. But Laneta is a tequila that also has roots in a very unexpected place — namely, Ukraine. That’s because it was founded in part by Edward Geyman, a […]
Taylor Swift Eras Tour concert film could reach $150 million opening
U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023. Michael Tran | Afp | Getty Images The weekend box office (Taylor’s Version). Taylor Swift has sold out stadiums worldwide and now she’s packing cinemas, with her sights set on a $100 million opening […]
Comcast, Disney hire Morgan Stanley, JPMorgan to value Hulu
Bob Iger, CEO, Disney, and Brian Roberts of Comcast Getty Images Comcast and Disney have hired investment banks to value Hulu, the next step in what’s been a nearly five-year process to put the streaming service under one owner. Comcast, which owns one-third of Hulu, has hired Morgan Stanley, and Disney, which owns the other […]
Why Claudia Goldin’s Nobel Prize is such a big win for women — and men
Economists are heralding their colleague Claudia Goldin’s Nobel Prize win, but everyday women — and men — have plenty of reasons to celebrate the historian of women in the workplace. Goldin, a Harvard University economics professor, was the first solo woman to win the Sveriges Riksbank Prize in Economic Sciences and the third woman to […]
Maersk signs with SpaceX to add Starlink internet to over 330 ships
Maersk is one of the world’s biggest container shippers. Andia | UIG via Getty Images Danish logistics giant Maersk is adding SpaceX’s Starlink to more than 330 container ships, the companies announced Thursday. Maersk said the installation of the Starlink internet service is expected to be complete by the first quarter of next year, with […]
Hedge-fund billionaire Leon Cooperman doesn’t see S&P 500 above 4,600. Here’s what he’s investing in.
““I would be very surprised we went above 4,600 anytime this year, and I’m not interested in the S&P. I’m interested in individual stocks.”” — Leon Cooperman, Omega Advisors That was hedge-fund billionaire Leon Cooperman, saying he’d be “surprised” if the S&P 500 SPX can grind much higher from here. In a transcript of comments […]
