Rashida Jones, the president of MSNBC, announced Tuesday that she is stepping down after four years of steering the cable news network. Jones, who made history as the first Black executive to lead a major …
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Business
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Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date back to the 1980s in order to cut costs and improve margins, CEO …
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WASHINGTON — The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for U.S. Steel, the companies said on Saturday. President Joe Biden blocked Nippon Steel’s planned acquisition of …
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Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction to close in the second quarter of the year. The two companies …
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Business
Barry’s Bootcamp announces new investment as others exit boutique fitness category
by adminAs the boutique fitness sector starts to buckle, Barry’s Bootcamp on Monday announced new investment from Princeton Equity Group. “The reason why this [boutique fitness] works for Barry’s is that our positioning in the marketplace …
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Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal represents a reversal from previous …
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Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new group will be led by Jay Parikh, the former CEO of cybersecurity startup …
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Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal represents a reversal from previous …
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Business
SEC charges Robinhood with securities violations; brokerage to pay $45 million penalty
by adminThe Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more than 10 separate securities law provisions related to their brokerage operations. The violations …
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Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation. In June 2020, just as some states began …