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Even before he really knew what it meant, Allen Wong wanted to be rich. What “rich” seemed to dangle was something simpler, more elementary, more a feeling than anything else: freedom from pain. “I didn’t want to be absent from my family and only show up a few hours each day after work. Wong’s father was ousted from his business, sank into a depression and committed suicide; his mother tripped down a spiral of mental illness. Suddenly, Wong’s entry-level computer programming job was the household’s only source of income, and there was a world financial crisis going on.
Persons: Allen Wong, Wong, , , Wong’s, doggedly Organizations: Lamborghini Locations: Guangzhou, Hong Kong, New York City, Chinatown
Those witnesses, longtime Trump Organization employees Jeffrey McConney and Deborah Tarassoff, handled the checks, invoices, and other records that comprise the 34 business records the Manhattan district attorney's office alleges Trump illegally falsified. He was sentenced to five months in jail in 2022 for a Trump Organization felony payroll tax-fraud prosecution, and is now serving another five-month sentence for felony perjury in last year's Trump Organization civil fraud trial. The Trump Organization needed to reimburse Cohen for some money, McConney testified that Weissberg told him. Yet another Trump Organization employee would FedEx the checks to Trump in DC, he testified. In the afternoon, prosecutor Christopher Conroy slogged through more records with Tarasoff, who said she has worked at the Trump Organization for 24 years.
Persons: , Donald Trump's, Jeffrey McConney, Deborah Tarassoff, Trump, Michael Cohen, Stormy Daniels, Attorney Alvin Bragg, Daniels, Melania Trump, McConney, Cohen, Allen Weisselberg, Weisselberg, Weissberg, Colangelo, Keith Davidson —, Jeffrey McConney's, pic.twitter.com, c2d9IQyKe5, Jacob Shamsian ⚖️, Dear Allen, Christopher Conroy slogged, Tarasoff, Todd Blanche, yawn, Conroy, Tarassoff, he'd Organizations: Service, Prosecutors, Trump, Business, Trump Organization, Attorney, Tahoe, White, FedEx Locations: Donald Trump's Manhattan, Manhattan, Weisselberg, Florida, Trump, New York, DC, Sharpie
CNN —A 10-month-girl police said was abducted from a New Mexico park Friday after the death of her mother and another woman has been found and a suspect is in custody, the FBI announced Monday morning. The bureau did not provide further details on Eleia Maria Torres’ condition and the suspect was not immediately named. The women, both 23, were found with “apparent gunshot wounds” on the ground near a minivan, the police statement said. At the scene, officers also discovered “an infant car seat, an infant stroller and a small baby bottle at the scene,” and began searching for a young child, police said. “Through interviews with family members, investigators learned Samantha Cisneros was the mother to the young female child found at the scene and was also the mother to a 10-month-old child, Eleia Maria Torres,” the news release said.
Persons: Eleia Maria Torres, Samantha Cisneros, Eleia’s, Taryn Allen, stroller, , , Clovis, ” Raul Bujanda, CNN’s Christine Sever Organizations: CNN, FBI, Eleia, Sunday . Police, FBI Albuquerque Division Locations: New Mexico, Covis, Albuquerque, Amarillo , Texas
A judge on Monday delivered a dire warning to Donald Trump: Stop violating the court's orders, or you will be thrown in jail. "I do not want to propose a jail sanction," Merchan said, but "that I will, if necessary." But he said he would not hastily take the drastic step of throwing Trump in jail for his continued contempt. Prosecutors then called to the witness stand Jeff McConney, the former longtime controller of the Trump Organization. McConney, who worked under the company's former chief financial officer Allen Weisselberg, previously gave emotional testimony in a New York civil business fraud trial against Trump.
Persons: Donald Trump, Stormy Daniels, Juan Merchan, Merchan, Trump, Jeff McConney, McConney, Allen Weisselberg Organizations: Trump, Prosecutors, Trump Organization, White Locations: Manhattan, New York City, U.S, United States, New York
He was a financial professional at the Trump Organization for decades who proved to be an effective guide to the second phase of the prosecution’s case. The controller agreed that he “rarely spoke” with Trump while at the Trump Organization, never spoke to Cohen about these issues and was never asked by Trump to make the questioned business entries. Join us on Twitter and FacebookA similar back-and-forth unfolded after the lunch break, including when another member of the Trump Organization accounting staff, accounts payable supervisor Deborah Tarasoff, testified. While we have a ways to go on both halves of the case, prosecutors are scoring more points so far. So while Trump can feel good about his team’s effort, he can’t be very encouraged about where the overall scoreboard stands.
Persons: Norman Eisen, , Donald Trump, Juan Merchan’s, Jeffrey McConney, Norm Eisen, McConney, David Pecker, Trump, Matthew Colangelo, Allen Weisselberg, Michael Cohen, Stormy Daniels, Cohen, Emil Bove, Deborah Tarasoff, District Attorney Alvin Bragg, Hope Hicks Organizations: CNN, Trump Organization, National Enquirer, Assistant, Trump, Cohen, Twitter, Facebook, District Attorney, White House
New York CNN —Prosecutors in Donald Trump’s hush money trial dove into the paper trail at the heart of their case on Monday, revealing to jurors exactly how Michael Cohen was repaid by Trump’s trust and personal accounts in 2017 after he paid hush money to Stormy Daniels. Here are the takeaways from day 12 of the Trump hush money trial:Judge threatens to jail TrumpMerchan began Monday’s session by announcing he found Trump in contempt for violating his gag order a 10th time, after fining him last week for nine violations cited by prosecutors. Both of the witnesses worked for Trump for decades – Tarasoff still works for the Trump Org. Trump fully turned in his chair to watch Tarasoff’s testimony when his attorney, Blanche, began his cross-examination of the Trump Org. was like a “family-run business.”Eric Trump, who is still in charge of the Trump Org., and attorney Alina Habba, who represented Trump Org.
Persons: Donald Trump’s, Michael Cohen, Stormy Daniels, Cohen, Juan Merchan, Trump Merchan, Trump, fining, fining Trump, Mr, ” Merchan, , ” Trump, Merchan, Daniels, Jeffrey McConney, McConney, Deborah Tarasoff, ” McConney, CNN Tarasoff, Donald J, , David Pecker, Keith Davidson –, Allen Weisselberg, Daniels ’, Davidson, Cohen –, who’ve, Emil Bove, Weisselberg, ” Tarasoff, Todd Blanche, – Tarasoff, “ You’re, , Blanche, ” Eric Trump, Alina Habba, Tarasoff, Eric Trump Organizations: New, New York CNN — Prosecutors, Trump Organization, Trump, Trump Org, Trust, CNN, White, Trump Revocable Trust, Consultants Locations: New York, Washington, McConney, Sharpie
In Donald Trump’s felony trial last week, we heard about Hulk Hogan’s sex tape, and we watched Hope Hicks cry. So far this week, we heard all about ledgers, invoices and accounts payable stamps. We watched as a loyal Trump accountant authenticated Allen Weisselberg’s handwriting. The same documents with different dates popped up not once or twice but over and over again. The documents were validated today by a former senior vice president of the Trump Organization, Jeffrey McConney, and an accounts payable supervisor, Deborah Tarasoff, both of whose legal fees are being paid by the company.
Persons: Donald Trump’s, Hope Hicks, Allen, Trump, Michael Cohen, Jeffrey McConney, Deborah Tarasoff Organizations: Trump, Trump Organization
With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho
Michael Cohen was found to have 39,745 contacts stored in his cellphone, said a data analyst. Cohen, Trump's former lawyer, is set to testify against the former president's New York trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementProsecutors at Donald Trump's hush money trial wrapped up Thursday's proceedings with testimony from a digital data analyst who works for the Manhattan District Attorney. Douglas Daus, testified he had extracted data from two iPhones belonging to Michael Cohen, Trump's former lawyer, and so-called "fixer"One device had 39,745 contacts, which Daus described as "unusual."
Persons: Michael Cohen, Karen McDougal, Cohen, Trump's, , Donald Trump's, Douglas Daus, Daus, I've, Hope Hicks, Trump, Allen Weisselberg, Lady Melania Trump, Jane Rosenberg, David, David Pecker, Todd Blanche, Donald, Von ShitzInPantz Organizations: Service, Manhattan, New, Attorney's, Associated Press, Trump Organization, Reuters, Trump, Playboy, American Media, fixer Locations: York, New York County
Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023. The consortium has been waiting for word from Paramount's special committee on whether the panel will recommend its bid to acquire the company to Redstone. Spokespeople for Skydance, Redstone's National Amusements and Paramount's special committee declined to comment on Friday. Previously, Redstone rejected an offer by Apollo in favor of exclusive talks with Skydance. Redstone has preferred a deal that would keep Paramount together, as Skydance's offer would, CNBC previously reported.
Persons: Shari Redstone, David Ellison's Skydance, CNBC's David Faber, Ellison, Spokespeople Organizations: Paramount Global, Allen, Co . Media, Technology Conference, Skydance, Apollo Global Management, Sony Pictures, RedBird Capital, KKR, Paramount, Apollo, Sony, CNBC, Redstone Locations: Sun Valley , Idaho
Rome CNN —Italy’s Ministry of Health has banned the popular wellness trend of “puppy yoga” amid concerns that the puppies used in the practice could be exploited and mistreated. Typically, sessions involve puppies roaming around a yoga class and sometimes being incorporated in poses. CNN reached out to several Italian puppy yoga centers for comment with no success. The ruling does not have a legal arena for appeal, a spokesperson for Italy’s health ministry said. Elisa Allen, vice president of programs and operations at People for the Ethical Treatment of Animals (PETA) UK, commended Italy for banning puppy yoga in a statement to CNN Friday.
Persons: Rome, Giovanni Leonardi, ” LNDC, , Piera Rosati, , ” Rosati, Elisa Allen, Allen, , yogis, ” Allen Organizations: Rome CNN — Italy’s Ministry of Health, Health, Lega Nazionale, National League for, Defense of Dogs, CNN, People, Animals, PETA Locations: Cane, Italy
Janelle LeesonBelow is a sampling of some of the core products and services the Reviews team tests. Reporters enlist their cats, dogs, and other pets to help test products, while pet health articles are medically reviewed by veterinarians and supported by expert interviews. Insider Reviews' health articles are medically reviewed by doctors and other health professionals, and supported by expert interviews. Molly Allen/InsiderThe Reviews team tests products the way people would use them in everyday life. In addition to our in-house and freelance testers, we also have an internal council of volunteers and freelancers who help us test products and offer additional perspectives.
Persons: Janelle Leeson, Antonio Villas, Sally Kaplan, Molly Allen, James Brains, Erin Brains, Amir Ismael Organizations: Business Insider's Service Journalism, Tech, Samsung, Boas, Health
In a letter to staff, McCarthy said the company needed to implement layoffs because it wouldn't be able to generate sustainable free cash flow with its current cost structure. "Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo. McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is. The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter.
Persons: Barry McCarthy, McCarthy, Karen Boone, Chris Bruzzo, Jay Hoag, It's, John Foley, hasn't, Goldman Sachs, Boone, Barry, Bruzzo, , hadn't, Creditsafe, it's, Foley Organizations: Interactive, Allen & Company Sun Valley Conference, Spotify, Netflix, JPMorgan, LSEG, outperformance, CNBC Locations: Sun Valley , Idaho, lockstep
Scientists identify ‘degrees of Kevin Bacon’ gene
  + stars: | 2024-05-02 | by ( Katie Hunt | ) edition.cnn.com   time to read: +6 min
Even humble fruit flies organize themselves into regularly spaced clusters, researchers have found. Within those social networks, certain individuals will often stand out as “gatekeepers,” playing an important role for cohesion and communication within that group. New research published Tuesday in the journal Nature Communications has identified a gene responsible for regulating the structure of social networks in fruit flies. The study opened up new opportunities for exploring the molecular evolution of social networks and collective behavior in other animals. FLPA/ShutterstockThe gene behind fruit fly social networksThe researchers investigated a number of gene candidates in fruit flies, a common lab organism used in the study of genetics.
Persons: , Kevin Bacon, Bacon, Joel Levine, Rebecca Rooke, ” Levine, Levine, , ” Allen J, Moore, wasn’t, ” Moore Organizations: CNN, Nature Communications, University of Toronto, University of Georgia’s Locations: Philadelphia, University of Toronto Mississauga
Some white-collar parents are leaving their jobs to take family gap years. It's sticking around as the world somewhat normalizes; Reddit is littered with threads looking for family gap year advice, which posters can easily find in various blogs. She now offers a family gap year and extended travel planning service for $80 to $100 an hour. "It could expand into a big business," she said, adding that her family gap year clients typically have disposable income and kids around 8 to 11 years old. AdvertisementWorld lessons, no classroom requiredNo family gap year is complete without immersive travel.
Persons: , Claire Williams, Matt, they'd, Claire, It's, Jennifer Spatz, itineraries, Amy Chang, Chang, Allen, they've, Spatz, Marisa Vitale, it's, She's, hadn't, what's Organizations: Service, Area, Federal, Global, United Nations Sustainable Locations: Sri Lanka, Sahara, worldschooling, COVID, Massachusetts, Asia, Europe, Venice, Italy, Airbnbs, Greece, Nepal, Sydney, Australia, Santiago, Chile, Spanish, Guatemala, Vietnam, Argentine, Jordan, Patagonia, Los Angeles, California, Salt Lake City, U.S
The pandemic spurred a "massive spike" in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine. "We've seen a lot of those people, that had their boats for two years, sort of now wanting to travel," he told CNBC. Prices in the pre-owned marketEnthusiasm for yachting remains high, even if sales have fallen since 2021, said Casani. Casani and Allen, who spoke to CNBC on April 26 while attending the second annual Singapore Yachting Festival, agreed that the continent's yachting market is growing. "We need to do a lot of lobbying with governments to make it easier to import boats," said Allen.
Persons: Richard Allen, we've, Paolo Casani, Allen —, Allen, Casani Organizations: Simpson, CNBC, Singapore Yachting Festival, International Council of Marine Industry Associations Locations: Hong Kong, Monaco, Asia, Singapore, Indonesia, Philippines, Vietnam
Paul Auster’s New York Tragedy
  + stars: | 2024-04-30 | by ( Lucy Sante | ) www.nytimes.com   time to read: +1 min
I first became aware of Paul Auster, who died on April 30, from reading old issues of The Columbia Review when I was a student at the university. He translated French Surrealist poetry and wrote prose fiction, set in a sort of silent-movie cityscape that anticipated his novels and films. We inhabited the same Morningside Heights world of the early 1970s, with its cranks and cults, mimeographed screeds and tracts. Surely Paul, too, patronized Marlin Café and the Moon Palace. Paul was living blocks away, and when I met him he made me feel as if the whole neighborhood welcomed me.
Persons: Paul Auster, Lydia Davis, Allen Ginsberg, Philip Roth, mimeographed, Paul, Marlin Café Organizations: Columbia Locations: New Jersey, Newark, Columbia, Morningside, Manhattan
Learn moreChris Stapleton's hit tour runs through the rest of 2024 and early 2025, but tickets are selling out fast. The All-American Road Show has been ongoing since 2017 and serves as Chris Stapleton's first solo headlining tour. We've got you covered if you're looking for how to get tickets to Chris Stapleton's All-American Road Show concert tour in 2024. According to Chris Stapleton's website, Single Barrel VIP tickets start at $379, and Small Batch VIP tickets begin at $169. Who is opening for Chris Stapleton's tour?
Persons: Chris Stapleton's, Chris Stapleton, We've, Ames, Bristow, Gilford, George Strait, Grace Potter, Nikki Lane, Marcus King, Allen Stone, Tedeschi, Marty Stuart, Miranda Lambert, Willie Nelson, Sheryl Crow, TN Marcus King, AR Tedeschi, Arlington , TX Marty Stuart, England Miranda Lambert, Houston , TX Willie Nelson, Seattle , WA Sheryl Crow, WA Chris Stapleton Organizations: Business, FL, UT, IL, Ticketmaster, Houston, Las Vegas, Big Town, Family, Jacksonville , FL, Palm Beach , FL, SD, Stone, WA Locations: Las Vegas, Auckland , New Zealand, Indianapolis, Palm Beach, Tampa, Jacksonville, Rapid City, Sioux, Cuyahoga Falls, Charlotte, NC, Lexington, KY, Camden, NJ, East Rutherford, Kansas City, Ridgedale, Arlington, TX, Los Angeles, CA, Salt Lake City, Darien, NY, Burgettstown, Detroit, MI, Toledo, Columbus, Chicago, Nampa, Ridgefield, WA, Seattle, Gilford , New Hampshire, Nashville, TN, Birmingham, Little, Houston, Manchester, England, Glasgow, Scotland, London, Vegas, Melbourne, Australia, Brisbane, Sydney, Auckland, New Zealand, Ridgedale , Missouri, Jacksonville ,, Ames, East Rutherford , NJ, Detroit , MI, Chicago , IL, Palm Beach ,, Palm Beach , FL, Los Angeles , CA, Gilford, NH, Houston ,, Camden , NJ, Bristow , VA, Darien , NY, Toledo ,, Columbus ,, Ridgefield , WA, Kansas City ,, Arlington , TX, Dublin, Ireland, Houston , TX, Seattle , WA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsia is beautiful and warm, but here's what's its yachting industry back"Red tape," high taxes and difficulty moving yachts between countries are some of the impediments facing Asia's growing yachting industry, Simpson Marine COO Richard Allen told CNBC's Monica Pitrelli.
Persons: Richard Allen, CNBC's Monica Pitrelli Organizations: Simpson
I stayed in an Airbnb dome home close to Joshua Tree for about $200 a night. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So, I recently took a trip from where I live now in Oregon to Joshua Tree National Park in California to explore the park for the first time and hike multiple trails. This story is available exclusively to Business Insider subscribers.
Persons: Joshua Tree, I'd, would've, , Joshua Organizations: Service, Business Locations: Tucson , Arizona, Oregon, California
NBA stars are scoring big in the fashion world
  + stars: | 2024-04-29 | by ( Nick Remsen | ) edition.cnn.com   time to read: +9 min
Basketball players’ style — largely in the men’s league, but increasingly the women’s too — has become a bonafide pillar in fashion media and consumption. Basketball players’ style has more eyes on it than any other sport, the Pulitzer Prize-winning author Mitchell S. Jackson told CNN. “(The league) was the first to embrace it,” Jackson, author of the recently released photobook “Fly: The Big Book of Basketball Fashion,” explained. “Basketball players are so much a part of American culture. Bettman/Getty Images/Courtesy Workman“We talk a lot about current NBA tunnel style, but the league has been America’s most stylish for decades,” Schube continued.
Persons: Tyrese Haliburton, Pepper Robinson, Ron Hoskins, NBAE, — Tyrese Haliburton, , Pharrell Williams, Birkin, it’s, Shai Gilgeous, Alexander, Russell Westbrook, LeBron James, Josh Giddey, Tyler Herro, , Marcus Paul, Luka Dončic, ” There’s, Caitlin Clark, Prada, Sam Schube, Thom Browne, AJ Mast, Tyler Ross, Workman, Virgil Abloh, Louis Vuitton, Williams, Kim Kardashian’s, Donovan Clingan, Caleb Love, Hunter Dickinson, Jared McCain, Duke, Robert Dillingham, Paxson Wojcik, Mitchell S, Jackson, ” Jackson, , LeBron, Michael Jordan, Jordan, Jackson’s, Peggy Sirota, who’ve, Stephen “ Steph ” Curry, Curry, Steph Curry, Jed Jacobsohn “, ’ ” Curry, ” Curry, “ I’m, Kyle Kuzma, Timothée, Johnson, Andrew D, Bernstein, Walt Frazier, Bettman, ” Schube, “ Allen Iverson, Phil Jackson, Pat Riley, Armani, Walt Fraziers, Wilt Chamberlain’s, Fatih Aktas, , ’ ”, , they’d, ” Gilgeous, Alexander —, haven’t Organizations: Indiana Pacers, Basketball, Gilgeous, CNN, GQ, Cleveland Cavaliers, New York Times, Los Angeles Lakers, Oklahoma City Thunder, NBA, UConn, UNC, “ Basketball, Golden State Warriors, Fashion Council, Savant, State, GQ Sports, , Workman New York Knicks, Royce, Anadolu Agency, Getty, Civil, Nike Locations: Haliburton, Arizona, Kansas, Robert Dillingham ( Kentucky, Chicago , Illinois, Gilgeous
The decision to remove Bakish as CEO comes as Paramount Global closes in on a merger agreement with Skydance Media. A number of large common shareholders, including Gamco Investors, Ariel Investments, Matrix and Aspen Sky Trust have publicly criticized the deal, arguing it destroys value for common shareholders. Paramount Global shares jumped about 5% in premarket trading Monday. Typically, Paramount Global shareholders, such as Gabelli, would compare an offer to the standalone company's prospects — hence his comments about not seeing a sale at all. But by removing Bakish, Redstone and the Paramount Global board are now throwing the status quo into chaos.
Persons: Bob Bakish, CNBC's David Faber, Shari Redstone, David A, Skydance, Mario Gabelli, That's, , Bakish Organizations: Paramount, CNBC, Paramount Global, Skydance Media, Gamco Investors, Ariel Investments, Aspen Sky Trust, National Amusements, Allen & Company Sun Valley, Grogan, Amusements, New York Post, Bloomberg, Street Journal, Skydance, Apollo Global, Sony, New York Times, Apollo, Foreign Investment, U.S, Communications, Charter Locations: Sun Valley , Idaho, U.S, United States
David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after joining Viacom in 1997, until he became CEO of the company in 2016. Following the merger of Viacom and CBS, he became CEO of the combined company in 2019, which was later renamed as Paramount Global. Paramount will now be led by CBS president and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. Paramount said it added 3.7 million Paramount+ subscribers during the quarter, bringing the total to 71 million.
Persons: Bob Bakish, David A, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Naveen Chopra, Chopra, LSEG, Bob Marley Organizations: Viacom, Allen & Company Sun Valley Conference, Grogan, CNBC Paramount Global, Skydance Media, CBS, Paramount Global, Paramount, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon, LSEG, Super, BET, MTV, NFL, TV Media, Hollywood Locations: Sun Valley , Idaho
Insider Today: 'Stopover' travel hack
  + stars: | 2024-04-27 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One 38-year-old woman told Business Insider that instead of skipping treats, she lost 140 pounds in two years by eating more high-protein foods. On the agenda:This story is available exclusively to Business Insider subscribers. "We're Here": In this wholesome Max series, famous drag queens travel to small-town America where they give out makeovers. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , Anneta, Jeff Bezos, Eduardo Parra, Nick Goldson, Tyler Le, she's, Jenny Chang, Rodriguez, Brad Gilbert, Zendaya, Megan Tjelle, Tjelle, messier, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Washington Post, Allen & Company Sun Valley Conference, That's, Soho House, Madrid Airport, Europa Press, Getty, Warner Bros, Hulu, Netflix Locations: Hailey , Idaho, Cecconi's, West Hollywood, Madrid, Chicago, Chilean, America, New York
Lily Allen is happy to leave her kids in economy while she flies first class. But Allen said she's not a fan of people boasting on social media about refusing to swap their first class seat with families. AdvertisementBritish singer Lily Allen has weighed into the great debate over whether children should be allowed to sit in first class on flights. Allen said she's happy to send her kids to economy class while she takes a seat in first class. "I'm going in first class, she's going in economy."
Persons: Lily Allen, Allen, she's, , Miquita Oliver, Ethel, Marnie, David Harbour, Oliver, Miquita, Lily, ANGELA WEISS, it's, Allen doesn't, , They've, I'd, I'm Organizations: Service, Radio Locations: British, New York, London
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