For many people in Hollywood, including lions like Steven Spielberg, Turner Classic Movies is not a cable channel. It is an extension of their identity. And it took a beating this week. On Tuesday, the network, known as TCM, jettisoned its five most-senior executives through a mix of buyouts and pink slips. The departed include: Pola Chagnon, the general manager; […]

A group of Vice Media’s leading lenders will acquire the company out of Chapter 11 after the $225 million bid — led by Fortress Investment Group, Soros Fund Management and Monroe Capital — was deemed the most qualified. Bids were due Tuesday, and there were multiple offers. But according to an internal email and court document filed this morning, an […]

A report released by the National Association of Realtors on Thursday unexpectedly showed a modest increase in U.S. existing home sales in the month of May. NAR said existing home sales crept up by 0.2 percent to an annual rate of 4.30 million in May after tumbling by 3.2 percent to a revised rate of 4.29 million in April. The […]

Lawmakers are flagging what they say are likely significant violations of U.S. law by Temu, a popular Chinese shopping platform, accusing it of providing an unchecked channel that allows goods made with forced labor to flow into the United States. In a report released Thursday, the House Select Committee on the Chinese Communist Party said that Temu, a rapidly growing […]

After working toward running her own outdoor-adventure business, Kelly Kimple bought a company with a storied history only to begin an adventure of a lifetime: keeping a travel business going during a pandemic. The Fort Collins woman trained and worked for years as a conservation biologist and eventually took a position with Adventures in Good Company, a travel-adventure business that […]

The southwest monsoon has started on a weak note and this has delayed the sowing of kharif crops. Though a cause for concern, the situation hasn’t reached a stage where it warrants any panic response. Moreover, according to meteorologists and industry players, monsoon rains will witness a revival in the coming few weeks. There have been instances when rainfall was […]

Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically […]

European stocks traded lower on Thursday as a slew of Chinese data disappointed and the Federal Reserve signaled that two more rate increases are on the way. The ECB rate decision is due later in the day, with officials expected to raise interest rates by 25 basis points from the current level of 3.25 percent. Meanwhile, investors ignored data showing […]

Independent Senator Bernie Sanders of Vermont has initiated an investigation into Amazon’s (AMZN) labor practices, citing dangerous and illegal conditions at the company’s warehouses. In a letter addressed to Amazon CEO Andy Jassy, Sanders expressed concern and called for improved safety measures. The investigation is led by the Senate Health, Education, Labor and Pensions Committee or HELP, which Sanders chairs. […]