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Disney In Talks To Sell Stake In Fusion To Univision, To Focus On Millenial Viewers Using Other Investments
Mikhail Prokhorov Reaches Deal To Take Full Ownership of Brooklyn Nets And Barclays Center, Marks Loss For Forest City Enterprises
Mikhail Prokhorov, the majority owner of the Brooklyn Nets, has acquired full ownership of the team and Barclays Center from Nets Sports and Entertainment through his Onexim Sports and Entertainment Holding USA, Inc., the team said in its website.
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JP Morgan To Pay $150 Million, Settle London Whale Lawsuit
JPMorgan Chase & Co. has agreed to pay $150 million to settle investors’ claims, according to a report from Bloomberg. The company will be paying for claims that it hid from investors as much as $6.2 billion in losses caused by a trader dubbed the “London Whale.”
Icahn Again Raises Bid For Pep Boys, Wages Bidding War Against Bridgestone
Icahn Enterprises has raised its bid for Pep Boys: Manny, Moe & Jack, a full-service and tire automotive aftermarket chain, to $16.50 a share, or about $919 million, according to a report from The Wall Street Journal.
U.S. Steel Delays Construction Of Electric Arc Furnace In Alabama Due To Challenging Market Conditions In Oil, Gas And Steel Industries
U.S. Steel Corporation has announced in a press release that it will be postponing the construction of the Electric Arc Furnace at its Fairfield Works in Birmingham, Alabama.
Southwest Airlines To Pay $2.8 Million To Settle Lawsuit Alleging It Violated FAA Safety Regulations
The U.S. Department of Justice (DOJ) has announced in a press release that Southwest Airlines Co. has agreed to pay a $2.8 million civil penalty to settle a lawsuit against the airline.
NetApp Acquires SolidFire For $870 Million, To Accelerate Adoption Of All-Flash Data Centers
NetApp, Inc. has announced in a press release that they will be acquiring SolidFire Inc., a market leader in all-flash storage systems built for the next-generation data center, for $870 million in cash.
James Packer Steps Down As Director Of Crown Resorts, Intensifies Speculation He Will Bid For Company
Crown Resorts Limited has announced in a press release that James Packer has resigned as a director of the company, effective immediately. Packer’s resignation has intensified speculations that he is closer to bidding for the company.
Scotiabank Considering Options For Its Stake In Thanachart Bank, Part Of Strategic Shift Of Company's Asia-Pacific Operations
The Bank of Nova Scotia (Scotiabank) has announced in a press release that it may consider strategic options for its 49 percent stake in Thanachart Bank Public Company Limited.
BioMarin Says FDA Will Delay Decision On New Drug Application, Action Anticipated In Early January 2016
BioMarin Pharmaceuticals Inc. has announced in a press release that the U.S. Food and Drug Administration (FDA) will be delaying its decision on the company’s new drug application.
Citigroup Plans To Cut 2,000 Jobs Next Month, Part Of Efforts To Restructure Company
Citigroup Inc.is planning to cut at least 2,000 jobs beginning next month, a substantial portion of which will be in middle of back-office positions, a person briefed on the plans told Bloomberg.
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