New Leadership at ESPN, Nordstrom Board Rejects Family's Bid

ESPN has a new president, following the abrupt resignation of its former president in December. Disney appointed James Pitaro as the new head of ESPN. Previously, he was Disney's consumer products and digital chief. Pitaro will have his work cut out for him. Next month, ESPN will launch its new streaming service. The network is also facing declining viewership. Nordstrom rejected an offer from the Nordstrom family to take the company private. The board said the family's offer of $50 a share was too low. That offer would have put the company at a valuation of $8.3 billion. This was the first bid from the Nordstrom family. They've been trying to take the company private for the last year. Nordstrom went public in 1971.

More In Business

CNN Streams Its Way Back: $7 for Full Access

CNN is launching a new “All Access” streaming subscription in the U.S. on October 28th, priced at $6.99 a month, or just $69.99 if you sign up for a full year.

Tariffs Turn Ikea’s “Low Price” Promise Upside Down

IKEA is being forced to raise prices on some furniture in the U.S. as Trump‑era tariffs raise import costs.

Driverless Delivery Hits the Streets of Phoenix

Waymo and DoorDash are teaming up to pilot autonomous delivery in Phoenix, using Waymo’s self‑driving Jaguars to drop off DoorDash orders.

Trump and Putin to Meet in Hungary to Discuss Ukraine War

President Trump announced that he and Russian President Vladimir Putin agreed to meet in Budapest to discuss ending the war in Ukraine.

Why there’s more to the movie business than making a profit

There is so much more to the movie industry than focusing on box office returns for an individual film. So why do we do it?

Spooked Spenders? Why Halloween Shoppers May or May Not Be Holding Back

Katie Thomas of Kearney Consumer Institute explains why inflation, timing, and habits aren't getting in the way of consumerism this Halloween.

How Smarsh Stays Ahead in Technology and Leadership

Smarsh CEO Kim Crawford Goodman talks about the company's mission to protect the truth. *Sponsored by Smarsh

Uncovering The Shocking Collapse of Auto Giant First Brands

WSJ’s Alexander Gladstone reveals the story behind First Brands’ sudden bankruptcy: hidden deals, corporate chaos, and a mystery that shook the auto world.

Rently’s Self-Touring Tech and the Gen Z Shift Away from Ownership

Rently CEO Merrick Lackner shares how self-touring and smart tech are transforming renting and why Gen Z is choosing flexibility over homeownership.

Wall Street Whiplash: Bill Mann Breaks Down Last Friday's Market Mayhem

Motley Fool’s Bill Mann unpacks October 10th's market chaos, what triggered it, and where smart investors should look next. Don’t miss his expert insight!

Load More