ViacomCBS continues to shed non-core assets, announcing Tuesday a definitive agreement to divest its iconic CBS Studio Center and associated businesses to the partnership of Hackman Capital Partners and Square Mile Capital Management for $1.85 billion. The deal, which was anticipated, was the result of a widely marketed sale process, which the company said attracted
Business
Facebook’s owner Meta has been issued a legally binding order to sell the GIF library Giphy after an investigation found the takeover “could harm social media users and UK advertisers”. The Competition and Markets Authority (CMA) launched an in-depth investigation into the deal in April after raising a number of concerns. It subsequently warned of
You, whose third season arrived on Netflix in mid-October, repeated as the top overall show in U.S. streaming for the week of October 25 to 31. Nielsen said the 30 episodes in the series racked up 1.55 billion minutes of view time over the course of the week. You premiered on the Lifetime cable network
Asda has chartered its own cargo ship to ensure that it is well stocked with festive decorations, toys, clothes and gifts amid a global supply chain crisis. Britain’s third-biggest supermarket chain also said it had increased the volume of turkeys and pigs in blankets available in stores compared with last year. Meanwhile the retailer’s depots
The Soul Train Awards hosted its annual celebration in the historic Apollo Theater in New York on Sunday night. Presented by BET, the pre-taped award show featured performances by prominent stars in R&B and gospel. Hosted by Tichina Arnold and Tisha Campbell, the award show aims to celebrate the best in African-American culture, music and
Credit card borrowing surged last month as households faced up to rising costs across the economy while mortgage approvals fell sharply to levels not seen since before government aid for the housing market was introduced. Bank of England data showed consumers borrowed a net additional £706m during October – a sum dominated by £637m in
The surprising death of Virgil Abloh, founder of fashion label Off-White and current menswear artistic director at Louis Vuitton, caught the world off-guard today. Abloh was 41. Louis Vuitton and Abloh’s personal Instagram account confirmed his passing. It was revealed the Chicago native had battled cardiac angiosarcoma, a rare and aggressive cancer, for at least
Deliveroo is close to naming Goldman Sachs as one of its new brokers, eight months after the Wall Street bank played a major role in what became one of the London stock market’s most calamitous listings. Sky News has learnt that Deliveroo is close to finalising the appointments of Goldman and Barclays as joint corporate
The Los Angeles County Department of Public Health reported 22 new deaths from Covid-19, as well as 624 new positive cases. COVID-19 Daily Update:November 27, 2021New Cases: 624 (1,524,912 to date)New Deaths: 22 (27,121 to date)Current Hospitalizations: 556 pic.twitter.com/l3tO7Zu7qz — LA Public Health (@lapublichealth) November 28, 2021 The number of deaths and confirmed cases reported
As we begin to hit the shops ahead of Christmas, retail sales are back to pre-pandemic levels for the first time since restrictions eased in April. We are now spending more on items like clothing and furnishings than we were in February 2020, according to real-time credit and debit card data from the Office for
UPDATE: A security guard who was protecting a TV crew before being shot has died. The guard, a retired police officer, was hired to protect KRON4 reporters at the scene of an armed robbery. He was attacked when one of 12 robbers tried to take the crew’s cameras. Kevin Nishita was a father of two
Britain is bringing in travel restrictions for six African countries due to a new COVID variant that UK experts have called the “worst one we’ve seen so far”. Health Secretary Sajid Javid tweeted: “UKHSA (UK Health Security Agency) is investigating a new variant. More data is needed but we’re taking precautions now. “Six African countries
Alec Baldwin and Rust Productions LLC will be represented by attorney Aaron S. Dyer of Pillsbury Winthrop Shaw Pittman for civil suits stemming from the accidental shooting death of cinematographer Halyna Hutchins on the set of the Western Rust, Deadline has confirmed. Dyer, who once served as L.A.’s assistant district attorney, will also rep other producers
The owner of Butlin’s is preparing to put it up for sale amid a boom in British staycations, sparking a potential bidding frenzy for the country’s best-known chain of holiday camps. Sky News has learnt that Bourne Leisure, which also owns Haven and Warner Leisure Hotels, recently picked investment bankers to conduct an auction of
A holiday-shortened trading day on Wall Street couldn’t keep bears from rampaging, as the Dow Jones Industrial Average dropped 905.04 points in its worst single outing of 2021. The major index closed the day at 34,899.34, off 2.5%, its biggest decline since October 28, 2020, with news of a new variant of Covid the main
News of a potentially fast-spreading new coronavirus variant has already triggered a violent reaction on markets and in a number of different asset classes. While much attention has naturally alighted on equity markets, with big falls in the FTSE-100 and continental European indices such as the DAX in Germany and the CAC-40 in France, probably
Danish production company Creative Alliance, which is run by Lone Scherfig, Ole Christian Madsen and Malene Blenkov, has struck an exclusive agreement with Nordisk Film Production. Blenkov will head up the joint entity, Nordisk Film – Creative Alliance, which will act as a new division of Nordisk Film Production, alongside co-owners Scherfig and Madsen. Founded
More than £65bn was wiped off the UK stock market on Friday, reflecting fears that a new coronavirus variant could wreak further havoc on international business and travel. The FTSE 100 fell more than 3%, or 240 points, as the market opened on Friday morning, following steep drops in global markets. Shares in major airlines
UPDATED with WHO news: The U.K. added six African countries to its travel quarantine list on Thursday after a new, potentially more-transmissible variant of Covid-19 was identified there. The BBC said the countries are South Africa, Namibia, Zimbabwe, Botswana, Lesotho and Eswatini. Twenty-two positive cases of the variant, which is being called B.1.1.529, have been
Retailers are putting up prices at the fastest rate since 1990 according to industry figures that add to evidence of a cost of living squeeze this winter. A CBI survey also suggested that sales have been boosted by consumers starting their Christmas shopping early because of fears over supply disruption. Clothing and department stores saw