The Weinstein Company lives to fight another day. An investor group reached a last-minute deal to buy its assets, just days after the company had filed for bankruptcy. The deal is worth $500 million, and leading the sale is President Obama's former head of the Small Business Administration, Maria Contreras Sweet. The sale had previously been held up after New York Attorney General Eric Schneiderman filed a civil suit against the Weinstein company.
REI is adding its name to the growing list of companies changing course because of the Parkland shooting.
The outdoor retailer is ending its relationship with Vista Outdoor. Vista owns a number of different brands that REI sells in its stores, such as Camelbak and Bell, but it also owns Savage Arms, a company that makes guns. After learning that Vista Outdoor would not make a statement about its gun policy, REI announced it would stop working with Vista.
Fox will finally air its "If I Did It" interview with OJ Simpson, more than a decade after taping it. The previously scrapped piece was taped in 2006 while Simpson was promoting a book detailing how he would have committed the murders of Nicole Brown Simpson and Ron Goldman. The Brown and Goldman families are now granting the network permission to air it, since Simpson won't profit off it in any way.
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
