BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren #business-all Murdoch is teaming with former STAR India CEO Uday Shankar on a SPAC focused on south Asia. James Murdoch is getting in on the SPAC frenzy that has taken over Wall Street over the pa...
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren #business-all FedEx Ground announced Monday it plans to hire 3,000 people in the Atlanta area to meet growing delivery demands from online shopping. The company said its biggest nee...
Ryan Browne | CNBC.Com Troy Warren #business-all KEY POINTS – Ether, the world’s second-largest cryptocurrency, rose nearly 7% over the last 24 hours to a record high of $4,141.99. – Once in bitcoin’s shadow, ether has seen parabolic gains r...
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren #business-all Adam Aron bets that online enthusiasm will help keep the exhibition giant afloat until the pandemic wanes. “Just go on Twitter, just go on Reddit, just go on YouTube, read what these p...
By Andy Peters, The Atlanta Journal-Constitution Troy Warren #business-all Amazon plans to build a fulfillment center in the Savannah area, creating about 1,000 full-time jobs. The $260 million facility will be Amazon’s 12th fulfillment center in...
By CHRISTOPHER RUGABER, Associated Press Troy Warren #business-all #picks-all America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economi...
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren #business-all The cinema giant reports its latest results, with CEO Mark Zoradi saying: “We are highly optimistic about theatrical exhibition’s resurgence in the U.S. over the coming months on acco...
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren #business-all Entertainment and media leaders often saw compensation climb in 2020, buoyed by non-salary sources like stock and option awards. The pandemic hit many media and entertainment giants...
BY ETAN VESSING | HollywoodReporter.Com Troy Warren #business-all Meredith Corp. has reached an agreement to sell its local TV stations, or its Local Media Group, to Gray Television for $2.7 billion. The company’s national media division inclu...
by Etan Vlessing | HollywoodReporter.Com Troy Warren #business-all The slate development agreement aims at four new Audible Original podcasts, starting with ‘The Messenger,’ about a newly-radicalised Islamic in the wake of London’s 7/7 bombings....
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all Verizon will retain a 10 percent stake in the company, which will be called Yahoo. Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remain...
by Etan Vlessing | HollywoodReporter.Com Troy Warren #business-all The head of John Malone’s international cable giant, which owns Virgin Media, earned $123.2 million in 2019, mostly from performance-based stock awards as part of a front end-loa...
By JOSH FUNK, Associated Press Troy Warren #business-all Warren Buffett’s company reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pan...
by the Associated Press | HollywoodReporter.Com Troy Warren #business-all Broad provided much of the money and willpower used to reshape Los Angeles’ once moribund downtown into a burgeoning area of expensive lofts, fancy dining establishments a...
By The Associated Press Troy Warren #business-all #foodie-all The bounceback for McDonald’s as restrictions were lifted across the U.S. was so strong in the first quarter that the company surpassed sales during the same period even in 2019, long bef...
By Noam Scheiber, The New York Times Troy Warren #business-all New York City on Wednesday sued the fast-food giant Chipotle Mexican Grill over what it says are hundreds of thousands of violations of a fair scheduling law at several dozen stores. W...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all Ari Emanuel, Patrick Whitesell and Mark Shapiro will ring the opening bell of the New York Stock Exchange, with the holding company setting its IPO price at $24 per share. Endeav...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all That’s up from $4 billion in the same quarter of last year, a 50 percent year-over-year growth rate. YouTube continues to grow at a torrid pace, with any sign of pandemic slowdow...
by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all As NBCUniversal turns off the lights on its sports network, expect other Hollywood giants to cull their sprawling linear offerings as they prioritize billions of dollars toward dir...
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren #business-all Online shopping, vaccine shipments buoy package delivery giant. UPS continued riding a wave of skyrocketing shipping demand from online shopping and vaccine deliver...