Paramount Global slashing 800 jobs amid takeover talks, record Super Bowl: report
Paramount Global will lay off about 800 people, or about 3% of its workforce, as the company aims to cut costs and return to revenue growth this year, people said Tuesday. In a memo to employees seen by Reuters, CEO Bob Bakish said affected employees based in the U.S. would be notified on Tuesday, and […]
Barratt’s £2.5bn takeover of Redrow makes sense … for Barratt | Nils Pratley
TBarratt Developments’ proposed £2.5bn takeover of smaller rival Redrow will increase the supply of new homes in the UK and give customers more homes, executives of both companies said. It was a “fascinating opportunity” to do many useful things, including: More choices. At least that’s what they will tell the Competition and Markets Authority (CMA). […]
New Macy’s CEO grabs reins amid takeover threats
Macy’s CEO Tony Spring will officially take the reins on Sunday as the storied retailer faces slowing sales growth and the threat of a takeover. Mr. Spring, 58, rose through the ranks at the luxury brand’s sister company Bloomingdale’s and has been Macy’s next CEO since last March, when Jeff Gennett announced his plans to […]
Far-Left, Pro-Democrat Facebook Pages Go All In on Taylor Swift NFL Takeover
Two of Facebook’s biggest pro-Democrat pages, “The Other 98%” and “Occupy Democrats,” mock the right-wing, left-wing pop sensation Taylor Swift and her boyfriend, who bonded over the Super Bowl. is a geyser of self-righteous memes praising Chiefs star Travis Kelce. They are now the center of the NFL world. The left-handed meme has followed several […]
Amazon cancels $1.7B takeover of Roomba maker iRobot
Amazon has scrapped plans to acquire Roomba maker iRobot after the companies mutually determined that the pending deal “has no path to regulatory approval in the European Union.” In a related announcement on Monday, iRobot said it would lay off approximately 350 employees, or 31% of its workforce, as part of its restructuring efforts. Colin […]
Telegraph takeover: second investigation launched into Barclay family’s UAE-backed deal | Telegraph Media Group
A second investigation has been launched into a deal with the Berkeley family to transfer control of the Telegraph Newspaper Group, pushing back the deadline for a regulator's report on the threat to the public interest it poses by more than six weeks. The UK government moved swiftly to order a second watchdog investigation after […]
Telegraph CEO steps down, as UK government prepares takeover investigation | Telegraph Media Group
The Telegraph comes as the government prepares to launch a second inquiry into public interest concerns raised by the Berkeley family's complex deal to transfer magazine rights to a consortium backed by the United Arab Emirates (UAE). The paper's chief executive has resigned for the first time in seven years. Nick Huw, who has run […]
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 […]
13-year-old driver, 4 others arrested after mob loots California bakery in street takeover
A 13-year-old boy was charged with being behind the wheel of a car that crashed through the front door of a small California bakery and led at least 100 people to ransack it in an illegal street occupation earlier this month. The 13-year-old boy, whose name has not been released because of his age, was […]