Trump’s conviction, stocks May rally, oil merger mania, Costco’s update
Kenny Polcari, chief market strategist at SlateStone Wealth, joins “Varney & Co.” to discuss whether a guilty verdict for President Trump would have a long-term impact on the markets. – Former President Trump’s historic conviction -Stock prices end May on a positive note -The Fed’s favorite inflation indicator is released -Oil industry merger boom accelerates […]
Live Nation sued by DOJ, US seeks to break up Ticketmaster merger
The Justice Department on Thursday sued Live Nation, accusing the owners of Ticketmaster of maintaining an illegal monopoly on live entertainment and demanding that the company be broken up. The lawsuit, joined by 29 states and the District of Columbia, accuses the company of stifling competition by locking venues into exclusivity contracts, pressuring artists to […]
Bob Bakish Steps Down as Paramount CEO Amid Major Merger
Bob Bakish has stepped down as Paramount’s CEO amid the company’s massive merger with Skydance and the struggling streaming platform. Bakish’s successor will simply be in the CEO’s office, which will be led by three executives: Brian Robbins, head of Paramount Picture Studios; Become. George Cheeks, CEO of Paramount’s CBS division. Chris McCarthy, president of […]
Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger
Paramount Global fired CEO Bob Bakish on Monday, eliminating a key opponent of the media giant’s potential merger with Skydance Media. Bakish, who has led Paramount since 2019, will be succeeded by the CEO Office, which is comprised of three members: George Cheeks, president and CEO of CBS; Inaugurated. Chris McCarthy, President and CEO of […]
Bob Bakish out at Paramount amid Skydance merger talks
Mario Gabelli, chairman and CEO of GAMCO Investors, said Paramount’s debt is manageable in the Claman countdown. Paramount Global CEO Bob Bakish has stepped down from the entertainment giant after eight years at the helm, the company announced Monday. The company announced in a press release that Bakish will step down as CEO and board […]
Kroger, Albertsons to sell 166 more stores with $25B merger in limbo
Scott Moses defended the Kroger-Albertsons merger, claiming the Kraman Countdown would further reduce grocery prices. Kroger and Albertsons announced Monday that the companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators’ concerns about food impacts. Proposed $25 billion merger About competition. 166 more kroger & albertsons […]
FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors
The Federal Trade Commission announced Monday that it has filed a lawsuit seeking to block Coach’s parent company Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it eliminates competition. This comes as several U.S. lawmakers are calling for increased FTC oversight of multibillion-dollar transactions that risk price gouging and could impact consumers. […]
TGI Fridays to go public through UK franchisee owner merger
American casual dining chain TGI Fridays has announced plans to merge with UK franchisee Hostmore, ahead of listing on the London Stock Exchange under the ticker TGIF. The all-stock deal to take TGI Fridays public is valued at approximately $220 million. CNBC first reported. The restaurant’s domestic and international operations will remain headquartered in Dallas, […]
FTC may try to block yet another business merger
See what’s being clicked on FoxBusiness.com federal antitrust regulator Coach is planning to file a lawsuit to block owner Michael Kors’ $8.5 billion bid to buy Capri by Tapestry, Coach’s parent company, according to a report. new york times dealbook. The Federal Trade Commission (FTC) is scheduled to hold a meeting next week to discuss […]
Mario Gabelli comes out against Paramount’s Skydance merger
Wall Street mogul Mario Gabelli has slammed the potential merger between Paramount and Skydance Media, saying he wants to see through Paramount’s exit negotiations in its entirety, the Post reported. The legendary investor, through super voting stock and Paramount common stock, is the company’s second-largest voting shareholder behind media heiress Shari Redstone. , added in […]