FTC blocks $4B Tempur Sealy, Mattress Firm merger
The Federal Trade Commission on Tuesday unanimously blocked mattress supplier Tempur Sealy International Inc.’s $4 billion acquisition of retailer Mattress Firm Inc., saying the merger could stifle competition and lead to higher prices. Tempur Sealy owns Tempur-Pedic, Stearns & Foster and Sealy and is the world’s largest mattress supplier. The company had originally agreed to […]
Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report
Shari Redstone has revised plans to sell parts of struggling media giant Paramount Global. The company is reportedly in exclusive negotiations to sell the Black Entertainment Television Network to a group of buyers led by BET CEO Scott Mills after calling off an auction last year that failed to raise the roughly $3 billion it […]
Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit – CNBC
Nikolai Storonsky, founder and CEO of Revolut. Harry Murphy | Web Summit Sports Files via Getty Images LONDON — The chief executive of British financial technology giant Revolut told CNBC he is optimistic the company will be able to get a banking license in the U.K. after the company reported its highest-ever full-year pre-tax profit […]
‘AI for Mayor’: Wyoming man speaks out after intel firm throws roadblock in bot’s landmark campaign
A Wyoming man who ran for mayor as an AI bot named “VIC” spoke to Fox News Digital this week about VIC’s groundbreaking candidacy and the painful setback he faced just before the taping. Victor Miller, who works at the Laramie County Library, is running for mayor of Cheyenne using his AI bot, “VIC.” But […]
$128M upgrade helps former CBS headquarters keep white-shoe firm
In the latest reflection of Sixth Avenue’s enduring appeal, global law firm Auric, Herrington & Sutcliffe has renewed its lease for 15 years for 144,312 square feet at 51 West 52nd Street, the street’s legendary “Black Rock” tower. More than 90% of the former CBS headquarters building has been leased since Harbor Group International purchased […]
E. Jean Carroll’s lawyer leaves law firm following workplace misconduct allegations
Roberta Kaplan, a prominent lawyer best known for ending the ban on gay marriage and her advocacy work for sexual assault victims, is leaving the law firm she formed in 2017. Kaplan’s exit from Kaplan Hecker & Fink comes following reports to the New York Times from those who worked with her that she mistreated lawyers […]
Media Matters Paid Over $100,000 To Consulting Firm Owned By Board Member Tom Perez
Media Matters for America (MMFA) paid over $100,000 in 2022 to a consulting firm owned by one of its board members, tax forms show. MMFA, a 501(c)(3) nonprofit founded to correct “conservative misinformation in the U.S. media,” paid $105,000 to a firm called ASR LLC in 2022, which it noted was owned by board member […]
Ex-WeWork space converted into first NYC site for flexible leasing firm The Square
The former WeWork floor at 205 Hudson St. in Hines will remain as a co-working space, but with a different business model and some sections will be redesigned. Hines, which owns the boutique office tower in a joint venture with Trinity Church Wall Street and Norges Bank Investment Management, has converted 63,000 square feet of […]
Wyden leads Senate Democrats’ investigation into Jared Kushner’s private equity firm
Sen. Ron Wyden (D-OR) is leading a Senate investigation into Jared Kushner’s Saudi-backed private equity firm as the former president’s son-in-law faces allegations he profited off his proximity to the White House. Kushner created Affinity Partners after he left his role as senior adviser to his father-in-law, former President Donald Trump. In April 2022, Kushner […]
Elizabeth Warren warns Dems to stand firm on tax hikes as fight looms over Trump-era cuts
Sen. Elizabeth Warren (D-Mass.) is pressuring Democrats to take a tougher stance on new tax policy as lawmakers prepare for some of the Trump administration’s tax cuts to expire after 2025. Progressive lawmakers are expected to emphasize the importance of pushing for corporate tax reform at an event hosted by the Washington Center for Equitable […]