Business

The UK economy has performed worse than previously thought and below the expectations of economists, new official figures show, meaning the country has taken the first step towards recession. There’s been a downward revision to a key measure of economic growth, the Office for National Statistics (ONS) said on Friday morning. Rather than remaining stagnant,
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James Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight. During a lengthy sit-down with CNBC, the exec acknowledged that a battle is brewing with activist investor Nelson Peltz, whose investment firm nominated
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FIFA and UEFA acted unlawfully in blocking the creation of the European Super League (ESL), the European Union’s top court has ruled. The court said both bodies were abusing their dominant position in the sport. But it added its ruling does not mean that a competition such as the Super League must necessarily be approved.
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The Directors Guild of America on Thursday unveiled a new Feature Film Diversity & Inclusion report, which spotlights the limited progress that’s been made in the feature space over the last five years, when it comes to the hiring of women and people of color, in stark contrast to what’s transpired in TV. Of the
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Bobby Kotick, the longtime CEO of Activision Blizzard, is stepping down Dec. 29 following the company’s drawn-out $69 billion sale to Microsoft that closed in October. The exec — who oversaw some of the industry’s most popular games from Pitfall to Call of Duty, World of Warcraft, Overwatch, Candy Crush Saga and Farm Heroes Saga — had said previously he would stay
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The rate of price rises significantly slowed again in November to another two year low, official figures show. Inflation stood at 3.9% last month, according to the Office for National Statistics (ONS), a dramatic fall from the 4.6% recorded a month earlier as price increases slowed in transport, recreation and culture, and food. Economists polled
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Former President Donald Trump is disqualified from holding the office of president and should not be on Colorado‘s primary ballot, the state’s Supreme Court ruled on Tuesday. The court stayed its ruling until January 4, subject to an appeal to the U.S. Supreme Court, but their decision foreshadows an election year of twists and turns
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EXCLUSIVE: Two months after Julia Ormond sued CAA, Disney and Harvey Weinstein for negligence, breach of fiduciary duty, battery and more over a 1995 sexual assault by the now incarcerated Pulp Fiction EP, the uberagency and the Bob Iger-led corporation say they shouldn’t be a part of the suit and want out. “Accepting the allegations
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UPDATE, 5:43 PM: Ari Emanuel has received an early Christmas present courtesy of a LA Superior Court judge. Peeved at Wall Street, the Endeavor CEO may be evaluating “strategic alternatives” for the currently publicly traded entity but at least he won’t have to go to mattresses over “theft of …intellectual property” allegations out of the
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UPDATED with DA & defense lawyer statement: Jonathan Majors has been found guilty of reckless assault and harassment in his domestic violence trial. A New York City jury of three men and three women just delivered the verdict on the Loki actor after less than three days of deliberation. Once touted as an Oscar contender
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