Sam Zell, the real estate tycoon who specialized in distressed assets and acquired The Chicago Tribune, The Los Angeles Times and other storied but troubled newspapers in a widely criticized leveraged buyout of the parent Tribune Company in 2007, died on Thursday. He was 81. His death was announced in a statement by Equity Group […]
Rachel Aaron, a 24-year-old who works in public relations in New York, recently dressed up for a work event at Bloomingdale’s. In the era of “get ready with me” videos on TikTok, it was a golden opportunity to create content. Ms. Aaron, who has just 3,300 followers on TikTok, filmed herself chatting to the camera […]
Tesla investors will have fewer opportunities to express discontent with management at the company’s annual meeting, which is taking place Tuesday in Austin, Texas, because of what some shareholders said was a deliberate attempt by the automaker to suppress dissent. In October, Tesla moved up the meeting from August to May and gave shareholders two […]
Just over a week after thousands of television and movie writers took to picket lines, Netflix is feeling the heat. Late Wednesday night, Netflix abruptly said it was canceling a major Manhattan showcase that it was staging for advertisers next week. Instead of an in-person event held at the fabled Paris Theater, which the streaming […]
On a warm spring evening in New York, dozens of people gathered on a rooftop in Midtown Manhattan to sip fruity cocktails and chat. Shortly after the happy hour began, a woman stepped away from the crowd and went to work. Standing between a backdrop of fake greenery and an iPhone attached to a ring […]
A former Fox News producer who has accused the network of coercing her into providing misleading testimony has dismissed one of her lawsuits against the company, at least for now. In a court filing on Friday in Delaware Superior Court, Abby Grossberg, who worked for the hosts Maria Bartiromo and Tucker Carlson, said that she […]
PacWest plunges as banking woes spread The regional banking sector is teetering again, with PacWest’s stock plummeting more than 35 percent in premarket trading, despite the Fed chair Jay Powell’s assessment that the worst is over. The Los Angeles-based lender confirmed that it was talking to potential investors following reports that it was exploring a […]
Goodbye, First Republic; hello again, JPMorgan First Republic is no more: Regulators seized the embattled lender overnight and sold it to JPMorgan Chase. What is now America’s second-biggest bank failure, after the 2008 collapse of Washington Mutual, means that 84 bank branches that closed as First Republic locations on Friday will reopen on Monday as […]
Making It Work is a series is about small-business owners striving to endure hard times. Hakki Akdeniz, the founder of the Champion Pizza chain in New York City, speaks freely about his past. When he first moved to the United States from Canada in 2001, he was homeless, sleeping in subway cars and at Grand […]
Microsoft’s video-game bet suffers a huge blow Britain’s mergers regulator on Wednesday blocked Microsoft’s $69 billion takeover bid for Activision Blizzard, ruling that buying the maker of “Call of Duty” would give the tech giant too much control of the thriving market for cloud-based video games. The decision — which surprised many investors after the […]