Barry Diller, media mogul and former head of Paramount Pictures, is reportedly exploring a bid for Paramount. The New York Times has reported that Diller’s company, IAC Corp., has signed nondisclosure deals with National Amusements Inc., the controlling stakeholder of Paramount. This news comes amidst ongoing talks between various potential buyers and Paramount. The Paramount
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Salesforce, a widely recognized and successful software company, faced criticism from investors due to its compensation plan for top executives. The company’s CEO, Marc Benioff, received a significant increase in total pay for the 2024 fiscal year, which raised concerns among shareholder advisory groups. This article delves into the details of the controversy surrounding Benioff’s
Lionsgate recently announced the release date for the action crime thriller “1992,” starring Ray Liotta in one of his final film roles. The movie is set to hit theaters on Labor Day weekend, August 30. Alongside Liotta, the film features Tyrese Gibson in a co-starring role. In addition, Snoop Dogg has joined the project as
The European Union regulators have recently accused Meta, the parent company of Facebook, of violating antitrust rules by failing to comply with the bloc’s regulations regarding its new ad-supported social networking service. The Commission has criticized Meta’s ad-supported subscription option, labeling it as a “pay or consent” model, which essentially forces users to either pay
In the first six months of 2024, activist investors launched campaigns at a record number of companies globally, as reported by data from Barclays. This increase in activity has sparked speculation among bankers, lawyers, and investors about potentially more costly battles between activist shareholders and management over leadership changes, spin-offs, and outright sales in the
Keith Gill, also known as “Roaring Kitty,” made headlines once again as he took a significant stake in the pet food e-commerce retailer Chewy. In a recent Securities and Exchange Commission filing, it was revealed that Gill purchased over 9 million shares of Chewy, amounting to a 6.6% stake in the company. This move catapulted
Google recently announced a partnership with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan. This initiative is part of Google’s efforts to boost energy capacity and reduce carbon emissions as the demand for artificial intelligence technology continues to grow. Capital Investment in New Green Power Google’s investment in Taiwanese solar
Boeing recently announced its decision to buy back Spirit AeroSystems in an all-stock deal, with the intention of enhancing safety and quality control within the company. The deal involves Boeing paying $37.25 a share in its own stock for Spirit, resulting in an equity value of $4.7 billion. This move comes after a series of
European corporate earnings are facing uncertainty due to the political situation in France. President Emmanuel Macron’s decision to call parliamentary elections has raised doubts about the country’s fiscal discipline under new governments. Concerns about tax and minimum wage rises have shaken confidence in French blue-chip firms, leading to a decrease in earnings expectations and European
The Asian market is currently experiencing a flat-to-low range movement as investors process mixed signals regarding Chinese business activity. This lackluster performance can be attributed to the uncertainty surrounding U.S. interest rates, which continues to influence investor sentiment. The recent negative close on Wall Street has also contributed to the subdued performance of Asian stocks.
In a time where the film industry is facing a content shortage and audiences are becoming more selective, Fathom Events is making waves with its record-breaking revenue and innovative content offerings. For over two decades, this joint venture between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen,
Disney/Pixar’s Inside Out 2 has achieved a remarkable milestone by reaching the coveted $1 billion mark at the worldwide box office within just 19 days. This makes it the fastest animated movie ever to achieve this feat, surpassing the previous record held by Frozen 2, which reached $1 billion in 25 days. This accomplishment is
Dividend-paying stocks provide investors with an opportunity to strengthen their portfolios and increase overall returns. By choosing companies with a consistent track record of dividend payments and solid financials, investors can secure stable income streams while benefiting from capital appreciation. Wall Street’s top analysts have identified three dividend stocks that stand out as attractive options
Geely, a Chinese automaker listed on the Hong Kong stock exchange, has recently caught the attention of Morgan Stanley analysts who resumed coverage of the company with an overweight rating. Despite facing challenges in a competitive market environment, Geely has shown resilience and is expected to weather macro and industry uncertainties. One of the key