Boeing strikes tentative labor deal with union representing over 32K workers
Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO. Boeing Co. announced Sunday that it had reached a tentative agreement with unions representing about 33,000 workers in the Pacific Northwest, days before a strike scheduled for later this […]
Body Shop’s remaining UK stores saved after rescue deal agreed | Retail industry
The Body Shop has been rescued from bankruptcy by a consortium led by British cosmetics tycoon Mike Jatania, with the ethical beauty brand's remaining 113 UK stores set to remain open. Aurea, a growth capital firm founded by Jatania and Paul Raphael, a former executive at UBS, Credit Suisse and Merrill Lynch, said it had […]
Larry Ellison will control majority of Paramount as result of Skydance deal
Billionaire technology and media mogul Larry Ellison will control more than two-thirds of both companies in a megamerger underway between conglomerates Paramount and National Amusements and film production company Skydance. Ellison has reportedly invested more than $6 billion in the deal, which will give him control of just over 77% of National Amusements, Bloomberg reports. […]
Shari Redstone to get whopping $180M in severance, benefits after Skydance deal: report
Paramount Global Chairman Shari Redstone will receive $180 million in severance and other benefits, in addition to the millions she made from the sale of her National Amusements stake to Skydance Media. Bloomberg News reported. Thursday. Redstone reportedly holds a 20 percent stake in Paramount's controlling shareholder, National Amusements, through two trusts in his own […]
Larry Ellison will control Paramount after Skydance deal: filing
Tech billionaire Larry Ellison will reportedly take control of CBS parent company Paramount Global after Skydance Media completes its acquisition of the Redstone family's stake in the film and TV company. According to a filing with the Federal Communications Commission, the Oracle co-founder will own 77.5% of National Amusements, Paramount's controlling shareholder, through a trust […]
Amazon nears major deal to broadcast NBA, MLB and NHL games: sources
Amazon is in talks to become a major player in regional sports broadcasts for the NBA, MLB and NHL, a surprise deal that could upend the way fans have watched their local teams for decades, The Washington Post has learned. Jeff Bezos' Seattle-based online retail giant is in final stages of negotiations on a deal […]
Marlon Humphrey trashes Travis Kelce over $100 million podcast deal
Ravens cornerback Marlon Humphrey is riding high ahead of Thursday night's season opener against the Chiefs. Humphrey criticized Chiefs tight end Travis Kelce and his brother Jason Kelce for signing a $100 million deal with Amazon for their “New Heights” podcast. “I'm praying this to take it against him because he tried to take everything […]
BlockDAG latest crypto firm to score deal with major European soccer clubs
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. Cryptocurrency teams up with major European football club to usher in a new era of sports marketing. Sponsorship deals between cryptocurrency companies and big-name soccer teams have been particularly hot this season, with the latest deals involving blockchain company […]
49ers star Trent Williams finalizing deal in time for Jets showdown
The San Francisco 49ers are backing up their trucks ahead of their highly anticipated season opener against the Jets. The 49ers are on the verge of bringing back star left tackle Trent Williams after re-signing Brandon Aiyuk, who missed out on an extension. The team's cornerstone lineman returned to San Francisco and signed a new […]
Biden claims Netanyahu is not doing enough to secure a deal with terrorists
President Biden claimed Israeli Prime Minister Benjamin Netanyahu had not done enough to secure a hostage deal with Hamas terrorists. Biden made the remarks to reporters before heading to the Situation Room with Vice President Harris to meet with the hostage deal negotiating team following Hamas' killing of Israeli-American Hersh Goldberg Pollin, 23, and five […]