By Chris Isidore, CNN Business Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate America, has died, according to a notice from his former firm that still bears his name. “We are profoundly saddened by the unexpected passing of our good friend and former partner,
Continue ReadingLAUSANNE, Switzerland (AP) — The Russian anti-doping agency has appealed to the Court of Arbitration for Sport in the case of Kamila Valieva. The court says the agency asked for the teenage figure skater to be punished with as little as a reprimand for a failed doping test and keep a team gold medal from
Continue ReadingBy Issy Ronald, CNN It is one of the most beloved movie series of all time, but Peter Jackson’s “The Lord of the Rings” trilogy only scratched the surface of the rich world of Middle-earth created by J.R.R. Tolkien. And “multiple” new movies set in Middle-earth are in the works, Warner Bros. Discovery CEO David
Continue ReadingCINCINNATI — E.W. Scripps: Q4 Earnings Snapshot
Continue ReadingBy MARI YAMAGUCHI Associated Press TOKYO (AP) — Japanese Prime Minister Fumio Kishida and other Group of Seven leaders have adopted a set of additional sanctions against Russia over its war on Ukraine at an online G-7 summit to mark the one-year anniversary of the start of the invasion. The G-7 countries on Friday also
Continue ReadingBy CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Authorities say a Nigerian federal lawmaker has been arrested after being caught illegally carrying nearly $500,000 in cash a day before the West African’s presidential and parliamentary elections. The arrest of Chinyere Igwe, a member of Nigeria’s House of Representatives, raised fresh concerns about the influence
Continue ReadingBy Catherine Thorbecke, CNN When Susan Wojcicki was named CEO of YouTube in 2014, she was in relatively good company as a woman leader in Silicon Valley. Marissa Mayer, her former colleague at Google, was running Yahoo and posing for magazine covers. Sheryl Sandberg was the influential second-in-command at Facebook who had just published a
Continue ReadingBy Nicole Goodkind, CNN Federal Reserve policy is based on trust. The central bank’s ability to maintain stable prices depends on the public’s confidence that it can deliver. But after more than a year of interest rate hikes and attempts to cool the economy, prices are still rising at a pace well above the Fed’s
Continue ReadingCNN By Alicia Wallace, CNN US consumers kept spending last year despite historically high inflation, not only shelling out for necessities but also splurging on restaurants, travel and other experiences impeded by the pandemic. Economists had predicted spending would peter out as the months drew on, as savings diminished, high prices persisted, and the Federal
Continue ReadingBy Jordan Valinsky, CNN Business Beer ads try to be funny, but a regulatory group has determined that Molson Coors went too far with a recent ad that compares rivals’ light beer to water. The National Advertising Division, which is part of the Better Business Bureau, sided with Anheuser-Busch, which challenged a 2022 ad for
Continue ReadingKANSAS CITY, Mo. — Evergy: Q4 Earnings Snapshot
Continue ReadingBy BARRY HATTON Associated Press LISBON, Portugal (AP) — World landmarks lit up in the colors of Ukraine’s national flag as people across the globe commemorate a grim year for the country following Moscow’s full-scale invasion of its neighbor. The Empire State Building, the Eiffel Tower and Sydney Opera House gleamed in yellow and blue
Continue ReadingBy BARRY HATTON Associated Press LISBON, Portugal (AP) — World landmarks lit up in the colors of Ukraine’s national flag as people across the globe commemorate a grim year for the country following Moscow’s full-scale invasion of its neighbor. The Empire State Building, the Eiffel Tower and Sydney Opera House gleamed in yellow and blue
Continue ReadingBy MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — South Africa’s troubled state-owned power utility Eskom has appointed an interim chief executive after a fallout with its outgoing head over a media interview he gave alleging ongoing corruption at the company linked to the ruling party. Africa’s most developed economy is experiencing its worst rolling power
Continue ReadingBy MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — South Africa’s troubled state-owned power utility Eskom has appointed an interim chief executive after a fallout with its outgoing head over a media interview he gave alleging ongoing corruption at the company linked to the ruling party. Africa’s most developed economy is experiencing its worst rolling power
Continue ReadingNORWALK, Conn. — Frontier Communications: Q4 Earnings Snapshot
Continue ReadingSilvia Marchetti, CNN When Giulia Manca traveled to Pianosa, a former Italian prison island, back in 2011, she was looking forward to a relaxing sunshine break before returning home. But 12 years after checking into the beachfront Hotel Milena, which is staffed by supervised convicts on probation, Manca has remained on the island known as
Continue ReadingMONTVALE, N.J. — Blachem: Q4 Earnings Snapshot
Continue ReadingBy Olesya Dmitracova, CNN Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected shareholders to be wiped out entirely, meaning they should not expect to recover any funds from a restructuring or sale of the business. The world’s second-largest movie theater chain — hit hard by
Continue ReadingBy Ashley Strickland, CNN Astronomers have found an unusually large planet orbiting a small star, located about 280 light-years from Earth. The unexpected size of the newly discovered world, called TOI 5205b, has led researchers to call it the “forbidden planet.” About the size of Jupiter, it was spotted by researchers using NASA’s Transiting Exoplanet
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