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Paramount CEO Bob Bakish of layoffs amid takeover talks

Paramount Global CEO Bob Bakish said Thursday that the company will cut jobs in an effort to reduce spending and become a leaner company. Bakish said the entertainment industry faces a weak advertising market, the recent Hollywood double strike and a “volatile” macroeconomic environment as it transitions from traditional film and television to streaming. Ta. […]

Macy’s could get takeover bid from buyout firm Sycamore Partners

Private equity giant Sycamore Partners is exploring the possibility of acquiring Macy's, even though the iconic retail chain rejected an unsolicited offer from another bidding group this week. The Post reported. Sycamore, a prolific acquisition company with retail properties such as Ann Taylor, Talbots and regional department store chain Belk, has reportedly been in secret […]

Former Dem-led January 6 committee deleted encrypted files containing ‘critical information’ before GOP takeover: Report

A former Democratic-led House special committee allegedly deleted password-protected files containing “sensitive information” on January 6, just days before Republicans took control of the House. fox news digital It was reported on Monday. A former select committee led by Democratic Rep. Bennie Thompson of Mississippi is investigating the events of January 6, 2021, at the […]

‘Street Takeover’ Mob Robs, Destroys Compton Mom-and-Pop Bakery

Less than two days into 2024, a family-run bakery was vandalized and robbed by a group of thugs in a “street takeover” in Compton, California, it was revealed Tuesday. video obtained A group of looters can be seen storming the long-established Reuben's Bakery & Mexican Food Store near the intersection of El Segundo Boulevard and […]

Fidelity has marked down value of X by 71.5 percent since Musk takeover

Fidelity has reduced the value of its stake in X Holdings, the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk acquired the company in October 2022. The investment firm slashed Company X's valuation by about 10.7% in November alone, from an estimated $6.3 million at the end of […]