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In 1970, more than two-thirds of American adults between 25 and 49 lived with a spouse and at least one kid. For a society structured around the ideal of the nuclear family, its demise has left everyone wondering: What happens now? Without one partner focused on full-time housekeeping, the amount of work required to run a nuclear family isn't really feasible. It doesn't take much of a mental leap to see why capitalism and the nuclear family make for such cozy bedfellows. Coontz, a leading historian of the American family, notes that every family structure comes with its own set of distinct weaknesses, strengths, and possibilities.
Persons: Elon Musk, Vivek Ramaswamy, O'Brien, David Brooks, Moira Weigel, Brooks, Charles E, " O'Brien, Stephanie Coontz, Kristen Ghodsee, Ghodsee, coparenting, Mark Boster, Coontz, Organizations: Pew Research, Elon, Labor, Getty, University of Pennsylvania, Brookings Institution, Pew, Los Angeles Times, Guardian Locations: The, California, Somerville , Massachusetts
Gerald M. Levin, a “visionary” media executive, as he was often described, who became C.E.O. of the world’s largest media company, Time Warner, and an architect of its merger with America Online, widely considered the worst corporate marriage in American history, died on Wednesday. Mr. Levin had been diagnosed with Parkinson’s disease. Mr. Levin was Time Warner’s chief executive when he and his counterpart at AOL at the time, Steve Case, devised what was then the largest business merger in U.S. history. Instead, it became shorthand for the excesses of the turn-of-the-century dot-com bubble and the era of so-called synergy.
Persons: Gerald M, Levin, Time Warner, Jake Maia Arlow, Mr, Levin’s, Steve Case, Warner, Henry Luce, Jack Warner Organizations: Time, America Online, AOL, Jan, America, American, Hollywood Locations: Long Beach, Calif, Virginia
Read previewLate last month, Rep. Greg Landsman — an Ohio Democrat who defeated an incumbent Republican in 2022 — declared in a tweet that his GOP opponent supported a federal abortion ban. He did not reply with "YX" — a response that would have indicated his support for some exceptions to an abortion ban. That decision, which removed the constitutional right to an abortion, spurred state-level abortion bans — and a massive backlash to anti-abortion policies — nationwide. That bill, designed to ensure abortion rights nationwide, precludes states from enacting temporal limits on abortion. Most House and Senate Republicans opposed a 2022 law that strengthens protections for same-sex and interracial marriage at the federal level.
Persons: , Greg Landsman —, Orlando Sonza, who's, @GregLandsman, 0wsOeEjem4, Sonza, shouldn't, Roe, Wade, Ohioans, lKvI58Ly3s, hiUL0rrxPr, Landsman Organizations: Service, Ohio Democrat, Republican, GOP, US Army, Business, Cincinnati, Republicans, Supreme, Women's, Alabama Supreme, affirmatively Locations: Ohio, Ohio's, Cincinnati
Delhi CNN —India said Monday it had joined the world’s top nuclear powers by mastering the ability to put multiple warheads atop a single intercontinental ballistic missile. The successful test of multiple independently targetable reentry vehicle (MIRV) technology on the indigenously developed Agni-V ICBM puts India in a club that includes the United States, Russia, China, France and the United Kingdom. Neighboring Pakistan has also claimed to have MIRV technology, but experts say the claim is unverified. “Various Telemetry and radar stations tracked and monitored multiple re-entry vehicles. India did not give an exact number of reentry vehicles released during the Agni-V test, but MIRVed missiles can carry a dozen or possibly more MIRV warheads.
Persons: Narendra Modi, , ” Modi, X, Rajnath Singh, , Amit Shah Organizations: Delhi CNN, DRDO, Defence Research, Development Organisation, Mission, Defense Ministry, Indian Defense, ., Center for Arms Control, Center for Strategic, International Studies Missile Defense, United States, Minuteman, National Museum of, US Air Force, US, Union of Concerned, US Defense Locations: Delhi, India, United States, Russia, China, France, United Kingdom, Neighboring Pakistan, Bay, Bengal, Bharat, Pakistan, Beijing
Read previewThe CEO of the Enhanced Games said the competitive sporting event, dubbed the "Olympics on steroids" by some, will witness older athletes shattering world records. But Aron D'Souza cautioned in an interview with Business Insider that one meth-induced heart attack could "destroy the whole thing." D'Souza said record-breaking sporting feats would make the Enhanced Games "the dominant sporting event in the world." D'Souza also said that the Enhanced Games would try to push back against rule-breaking with financial incentives, like base salaries and health insurance. In a response to Coe's comments, the Enhanced Games said in a statement provided to BI that it showed that it had "hit a nerve."
Persons: , Aron D'Souza, D'Souza, Peter Thiel, It's, they're, Lord Sebastian Coe, Lord Coe Organizations: Service, Business, Doping Agency, Reuters Locations: Australian
But Democrats say that is incongruous with the House GOP legislation defining life as beginning at conception. But Steel is also a co-sponsor of the Life at Conception Act — which Democrats have been quick to point out. Steel’s office has not yet returned a request for comment on how she squares those two positions, nor have other House Republicans who expressed support for IVF while being co-sponsors of the House bill. And on Monday, the House Democrats’ campaign arm convened a press call with Reproductive Freedom for All to further hammer House Republicans over the issue. Still, Bacon argued the purpose of the bill is not to ban IVF, despite Democrats claiming otherwise.
Persons: Alex Mooney, Mike Johnson –, , GOP Sen, Rand Paul of Kentucky, Michelle Steel, Harris, Suzan DelBene, Don Bacon of Nebraska, Bacon, Mooney, ” Bacon, Organizations: GOP, Alabama Supreme, Biden, Republicans, PAC, House Democrats, Democrats, , Alabama, , Democratic Congressional, Republican, CNN Locations: Alabama, West Virginia, California
Sony and Zee did not immediately respond to a CNBC request for comment. Shares of India's Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived. Sony first proposed to combine its India entertainment business with Zee in December 2021. Last month, Zee sued Sony over the termination of the deal and urged the Japanese firm to revive the merger. The union of Zee and Sony's India subsidiary would have created a potential content and entertainment powerhouse in India.
Persons: Zee Organizations: Sony, Zee, CNBC, Economic Times, India's Zee Entertainment, Sony's, Disney, Reliance Industries Locations: Mumbai, Japan, India, Sony's India
Earlier this month, the Transcontinental Gas Pipe Line Company announced its intention to build the South’s largest gas pipeline in more than a decade. The Union of Concerned Scientists instead uses “methane,” “fossil gas” and “gas” as interchangeable terms for this greenhouse gas which, in its first 20 years of reaching the atmosphere, has more than 80 times the warming power of carbon dioxide. The problem with gas is not simply that it’s a fossil fuel or that gas pipelines routinely leak and can explode. And it’s not simply that gas is a human health and environmental nightmare. Perhaps the most damaging problem with gas pipelines is that they permit the construction of new gas-fired power plants that will be in service for decades.
Organizations: Transcontinental Gas Pipe Line Company, Carolinas, of, Environmental Defense Fund Locations: Virginia, Georgia, Alabama, American, Southern
ACCRA, Ghana - ECOWAS flag with member flags at the second extraordinary summit on the political situation in Burkina Faso, in Accra, Ghana, on February 3, 2022. OUAGADOUGOU, Burkina Faso - Jan. 20, 2023: A banner of Russian President Vladimir Putin is seen during a protest to support the Burkina Faso President Captain Ibrahim Traore and to demand the departure of France's ambassador and military forces. Mali has ruled out leaving WAEMU, while Burkina Faso is considering it. "Mali, Burkina Faso and Niger will likely draw on the extractive sector to improve their weak economies. A recent UN Development Programme report surveyed 5,000 people who had directly experienced a recent coup or unconstitutional change of government, including citizens of Burkina Faso, Chad, Guinea, Mali and Sudan.
Persons: NIPAH DENNIS, Bola Tinubu, Vladimir Putin, Captain Ibrahim Traore, Alex Vines, there'd, Tinubu, Ouattara, , Vines, Mucahid Durmaz, Verisk Maplecroft, Durmaz, Balima Boureima, insurgencies, Wagner, Niger, specter, Mohamed Bazoum, Rey Byhre Organizations: Getty, Economic, West African States, ECOWAS, Nigerian, Africa, Chatham House, CNBC, Algeria —, West, Cote D'Ivoire, Anadolu Agency, Getty Images, Wagner Group, West African Economic, Monetary Union, CFA, National Council for, UN Locations: ACCRA, Ghana, Burkina Faso, Accra, AFP, Mali, Niger, Sahel, Mauritania, OUAGADOUGOU, Chatham, France, Nigeria, Côte d'Ivoire, Algeria, Malian, Russia, Bamako, Mucahid, West Africa, Togo, Benin, Cote, NIAMEY, NIGER, Niamey, West, U.S, Moscow, WAEMU, Seme, Chad, Guinea, Sudan, The Gambia, Tanzania, Kati
The work brought Mann, then at Penn State but now at University of Pennsylvania, wide exposure. Kate Cell, whose work as senior climate campaign manager at The Union of Concerned Scientists includes tracking climate disinformation, said Mann's case is well-known among other climate scientists. A 2023 poll from The Associated Press-NORC Center for Public Affairs Research found that 91% of Democrats believe climate change is happening, while only 52% of Republicans do. Many scientists have followed Mann’s case for years as misinformation about climate change has grown and many of them have themselves been subjected to attacks. Lidsky was skeptical that Mann’s case would have any broader significance, particularly on social media.
Persons: — It's, molester, Michael Mann, Mann, Al Gore’s Oscar, Rand Simberg, Penn State University —, , Jerry Sandusky, “ Mann, ” Simberg, Mark Steyn, ” Mann, Simberg, , ” Steyn, Kate Cell, Lyrissa, Lidsky, Organizations: WASHINGTON, Penn State, University of Pennsylvania, United, Competitive Enterprise Institute, Penn State University, The Union of, University of Florida, Associated Press, NORC, for Public Affairs Research Locations: Northern, United Nations, U.S, United States, AP.org
Read previewA professor fired for his anti-Zionist beliefs was unfairly dismissed, an employment tribunal ruled on Monday. Miller claimed that the university unfairly and discriminatorily mistreated him during the course of the procedures, which ultimately resulted in his dismissal. The employment tribunal said in its 108-page ruling on Monday that Miller had been wrongfully fired and had been subjected to prejudice because of his philosophical beliefs in violation of the UK's Equality Act 2010. The Union of Jewish Students, which represents Jewish societies at UK universities, said in a statement that it is "disappointed" by the judgment which it said would "ultimately make Jewish students less safe." AdvertisementThe UJS added: "This may set a dangerous precedent about what can be lawfully said on campus about Jewish students and the societies at the center of their social life."
Persons: , David Miller, Miller, discriminatorily, Elizabeth Magill, Claudine Gay Organizations: Service, UK's University of Bristol, Business, University of Bristol, Harvard, Yale, University of Pennsylvania, Penn, Jewish Students, Security Trust Locations: Israel, Palestine, Britain, British
CNN —The Doomsday Clock that has been ticking for 77 years is no ordinary clock — it attempts to gauge how close humanity is to destroying the world. Last year the Bulletin set the clock at 90 seconds to midnight mainly due to Russia’s invasion of Ukraine and the increased risk of nuclear escalation. The clock isn’t designed to definitively measure existential threats, but rather to spark conversations about difficult scientific topics such as climate change, according to the Bulletin. Originally, the organization was conceived to measure nuclear threats, but in 2007 the Bulletin made the decision to include climate change in its calculations. “When the clock is at midnight, that means there’s been some sort of nuclear exchange or catastrophic climate change that’s wiped out humanity,” she said.
Persons: Rachel Bronson, ” Bronson, Michael E, Mann, Eryn MacDonald, , Bronson, , Boris Johnson, George H.W, you’re Organizations: CNN, Atomic Scientists, Midnight, Manhattan Project, Security, Sponsors, University of Pennsylvania, Union of, ’ Global Security, Bulletin Locations: Ukraine, Israel, Gaza, Glasgow, UK, Soviet Union, Iran, Paris
The Red Square mausoleum where his embalmed corpse lies in an open sarcophagus is no longer a near-mandatory pilgrimage but a site of macabre kitsch, open only 15 hours a week. The ideology that Lenin championed and spread over a vast territory is something of a sideshow in modern Russia. “As a result of Bolshevik policy, Soviet Ukraine arose, which even today can with good reason be called ‘Vladimir Ilyich Lenin’s Ukraine.' The Mayakovsky poem that proclaimed Lenin's immortality was “a parting word, or a spell, or a curse,” Rudakov said. At the annual military parade through Red Square, the structure is blocked from view by a tribune where dignitaries watch the festivities.
Persons: soothed, “ Lenin, Lenin, Vladimir Lenin, Vladimir Mayakovsky, Vladimir Putin's, Konstantin Morozov, Gennady Zyuganov, , Putin, Vladimir Ilyich Lenin’s, ” Putin, , VTsIOM, Nadezhda Krupskaya, Lenin's, Yuri Annenkov, Josef Stalin, Leon Trotsky, Russian Orthodox Church —, Bolsheviks —, Stalin, Trotsky, Lenin ”, , Vladimir Rudakov, ” Rudakov, Jim Heintz Organizations: Moscow Zoo, Communist Party, Russian Academy of Sciences, AP, Union of Russian Architects, Russian Orthodox Church, Bolsheviks, Tass, The Associated Press Locations: Soviet Union, Russia, Moscow, St, Petersburg's Finland, United Russia, Ukraine, Soviet Ukraine, Vladimir Ilyich Lenin’s Ukraine, Soviet, Russian, Red, USSR, Estonia
The MSI party grew from the ashes of Benito Mussolini’s National Fascist Party after it was dismantled at the end of World War II when the dictator was deposed and killed. Gotor and Rocca laid a wreath at a monument to the fallen activists, but left before the fascist salute was carried out, their offices told CNN. Nor are fascist memorabilia or gestures like the fascist salute illegal, something that critics say must change. A witness who lives on the street where the commemoration took place told CNN that it happens every year, including with the fascist salute. Berizzi said that “in this moment neo-fascist groups feel protected by Meloni’s silence, her ambiguity.
Persons: Rome, Giorgia Meloni, Franco Bigonzetti, Francesco Ciavatta, Stefano Recchioni, , , Benito Mussolini’s, Meloni, Francesco Rocca, Miguel Gotor, Gotor, Rocca, Elly Schlein, ” Schlein, Noemi Di Segna, Antonio Tajani –, Silvio Berlusconi –, Meloni wasn’t, ” Maria Calderone, ” Paolo Berizzi, Berizzi, Ewan MacPhee, ” MacPhee Organizations: Rome CNN, Italian, Acca, Italian Social Movement, MSI, Fascist Party, Democratic Party, CNN, , Union of Italian, Forza Italia, Facebook, La Repubblica, Italy’s, Operations, Social Democrats Locations: Rome, Italy, Lazio, , Italian, Germany, Europe, Ukraine, Strasbourg
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.
Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California
Morning Bid: Vale Charlie Munger
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +2 min
Vice-Chairman of Berkshire Hathaway Corporation Charlie Munger speaks to Reuters during an interview in Omaha, Nebraska May 3, 2013. The union of Munger and Warren Buffett is among the most successful in the history of business, transforming Berkshire Hathaway into a multi-billion dollar conglomerate. Often handy with a one-liner Munger summed up his fame in 2010: "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick," he said. Two-year Treasury yields fell to a four-month low just below 4.70%. Ten-year Treasury yields hit a two-month low of 4.28%.
Persons: Charlie Munger, Lane, Tom Westbrook, Warren Buffett, Berkshire Hathaway, Munger, Christopher Waller, Waller's, China's stockmarkets, Sam Holmes Organizations: Berkshire Hathaway, Reuters, REUTERS, Investors, Swiss, greenback, Spanish CPI, Thomson Locations: Omaha , Nebraska, Munger, Berkshire, Asia, New, Spanish
Berkshire Hathaway Vice Chair Charlie Munger arrives to begin the company's annual meeting in Omaha May 4, 2013. EXPANDING BUFFETT'S HORIZONSMunger and Buffett did differ politically, with Munger being a Republican and Buffett a Democrat. Like Buffett, Munger was a fan of the famed economist Benjamin Graham. ORACLE OF PASADENAFans dubbed Buffett the "Oracle of Omaha," but Munger was held in equal esteem by his own followers, who branded him the "Oracle of Pasadena" after his adopted hometown in California. "I was raised by people who thought it was a moral duty to be as rational as you could possibly make yourself," Munger told Daily Journal shareholders in 2020.
Persons: Charlie Munger, Rick Wilking, Charles Munger, Warren Buffett's, Munger's, Buffett, Munger, Berkshire Hathaway, HORIZONS Munger, Santa Barbara, Warren, Benjamin Graham, Charlie, Ben Graham, Charles T, Kathy Kristof, Buffett's, Ernest . Buffett, Olson, Wheeler, Alice Schroeder, Nancy, Graham, Heinz, Todd Combs, Ted Weschler, Nancy Munger, Jonathan Stempel, Diane Craft, Rosalba O'Brien Organizations: Berkshire Hathaway, REUTERS, Berkshire Hathaway Inc, Munger, CNBC, Buffett, HORIZONS, Republican, University of California, Berkshire, ORACLE, PASADENA, Oracle, Wesco Financial Corp, Daily Journal Corp, Daily, Los Angeles Times, University of Michigan, U.S . Army Air Corps, Harvard Law School, Tolles, Munger &, Omaha Club, BNSF, 3G Capital, Kraft Foods, Reuters, Thomson Locations: Omaha, California, Berkshire, Omaha , Nebraska, Vienna, Santa, Pasadena, Munger, TETE, Los Angeles, New York
Borrell said all EU members attending the meeting of Mediterranean nations in Barcelona and almost all attendees overall had agreed on the need for a two-state solution. In response to that attack, Israel bombarded the enclave and mounted a ground offensive in the north. A two-state solution envisages a state for the Palestinians in the West Bank and Gaza Strip alongside Israel. Saudi Foreign Minister Prince Faisal bin Farhan spoke as a representative of a group of ministers from the Arab League and the Organisation of Islamic Cooperation. Jordan's Safadi added, however: "Some among us are still refusing to call for a ceasefire... We demand it be implemented immediately."
Persons: Josep Borrell, Mohammad Shtayyeh, Nasser Nasser, Borrell, Ayman Safadi, Riyad al, Maliki, Prince Faisal bin Farhan, Jordan's Safadi, Joan Faus, David Latona, Aislinn Laing, Ed Osmond, Alex Richardson, Nick Macfie Organizations: Palestinian, West Bank, Rights, European Union, Palestinian Authority, Hamas, Reuters, Union of, Saudi Foreign, Arab League, of Islamic Cooperation, Thomson Locations: Ramallah, Rights BARCELONA, Spain, Palestinian, Gaza, Barcelona, Israel, Jordanian, Qatar, Egypt, United States
Officials with the Southwest Airlines Pilots Association say they too will ask for the right to strike if they don't have a contract deal with the airline in the next few days. “We definitely don't feel any equality here,” said Erik Harris, treasurer of the flight attendants' union. “How come the pilots have gotten their deal and we haven't?”Because of pattern bargaining, Southwest pilots are likely to wind up with raises like those approved for American Airlines pilots. The Southwest pilots' union has already tried and failed once this year to get permission to strike. On Thursday, several dozen American Airlines flight attendants picketed along a thoroughfare outside company headquarters in Texas, some carrying signs reading, “Ready to strike."
Persons: , , Erik Harris, Tom Nekouei, Harris Organizations: , Airlines, The, Professional, Southwest, Southwest Airlines Pilots Association, U.S, Spirit Airlines, National, Board, American Airlines, Boeing, , United Auto Workers, Hollywood, Teamsters, United Parcel Service Locations: Texas, Dallas, Fort Worth, Southwest, ” Dallas
ZOKHAWTHAR, India, Nov 15 (Reuters) - Two days after rebel forces in Myanmar’s Chin state overran the junta’s two military bases close to the border with India, they have taken control of a border crossing point between the two countries across the tiny hilly Indian state of Mizoram. Most of the nearly 5,000 Myanmar nationals who had fled to India to escape intense fighting between the rebels and Myanmar military since early Monday morning had returned home as the situation calmed down, local leaders said. Rebel forces intend to take control of part of the porous border with India. Surrounded by lush green hills, the Chin flag was hoisted on a gate that welcomed visitors to the Republic of the Union of Myanmar at the Zokhawthar border crossing. Among those fleeing the attacks near Zokhawthar on Monday were 43 Myanmar soldiers who escaped the surprise attack by the rebels and entered India.
Persons: , Ramtharnghaka, Chanchinmawia, Krishn Kaushik, Tomasz Janowski Organizations: Union of Myanmar, Assam Rifle, Chinland Defence Force, People’s Defence Force, Chin National Army, Young Mizo Association, Thomson Locations: ZOKHAWTHAR, India, Myanmar’s Chin, Mizoram, Myanmar, China, Shan State, Rakhine, Chin, India’s Zokhawthar, Republic of, Union, Zokhawthar
Most of the nearly 5,000 Myanmar nationals who had fled to India to escape intense fighting between the rebels and Myanmar military since early Monday morning had returned home as the situation calmed down, local leaders said. Rebel forces intend to take control of part of the porous border with India. Surrounded by lush green hills, the Chin flag was hoisted on a gate that welcomed visitors to the Republic of the Union of Myanmar at the Zokhawthar border crossing. Among those fleeing the attacks near Zokhawthar on Monday were 43 Myanmar soldiers who escaped the surprise attack by the rebels and entered India. The Indian authorities eventually sent most of them back by flying them to another border crossing point a few hundred km east.
Persons: Chanchinmawia, , Ramtharnghaka, Krishn Kaushik, Tomasz Janowski Organizations: Union of Myanmar, Assam Rifle, Chinland Defence Force, People’s Defence Force, Chin National Army, Young Mizo Association Locations: Chanchinmawia ZOKHAWTHAR, India, Myanmar’s Chin, Mizoram, Myanmar, China, Shan State, Rakhine, Chin, India’s Zokhawthar, Republic of, Union, Zokhawthar
Waffle House workers want their wage to go up to $25 an hour. AdvertisementAdvertisementWaffle House workers are demanding a $25 minimum hourly wage and constant security in restaurants. The Union of Southern Service Workers, which is supported by the Service Employees International Union, is organizing Waffle House workers. AdvertisementAdvertisementAs well as concerns about workplace safety, wages are a major point of contention for Waffle House workers. "I can't get the things I need for my family off a Waffle House check," Kasiyah Giles, a Waffle House worker and USSW member, said in a statement published by the union.
Persons: They're, , Jessica Gantt, Waffle House she'd, Gerald Green, Axios, That's, Green, Kasiyah Giles, Gantt, who's, Waffle Organizations: Waffle, Workers, Service, Union of Southern Service Workers, Service Employees International Union, Waffle House, Guardian Locations: Georgia, Norcross , Georgia, South Carolina, Atlanta, North Carolina, gdean@insider.com
Now the United Auto Workers union can add one more. Illinois is not a political battleground state like Michigan or Ohio, which have far more auto plants. But that plant is now due to reopen as an assembly plant in 2027, building a new midsize pickup truck. President Joe Biden speaks to the United Auto Workers union in Belvidere, Illinois, on Thursday. And it’s what happened with the last GM assembly plant in Detroit, its Hamtramck Assembly plant, that as part of the 2019 labor deal was closed in early 2020 and re-tooled to make electric pickups, reopening in November 2021.
Persons: Joe Biden, Shawn Fain ., , , Jeff Schuster, Fain, Biden, ” Fain, Evan Vucci, ” ‘, Dawn Sims, Stellantis, Schuster Organizations: New, New York CNN —, Motors, Stellantis, Ford, United Auto Workers, UAW, Stellatis, GM, Workers, GlobalData, Chrysler, Hamtramck Assembly Locations: New York, Belvidere , Illinois, Shawn Fain . Illinois, Michigan, Ohio, Belvidere, Illinois, Chicago, Stellantis, Delaware, Edmunds, Sterling Heights , Michigan, Detroit, Hamtramck, Spring Hill , Tennessee, Orion Township , Michigan, Lordstown , Ohio, Warren , Michigan, Baltimore
Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. The media company forged by the union of WarnerMedia and Discovery posted adjusted core earnings of $2.97 billion, above estimates of $2.92 billion, as per LSEG data. The company had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter. In May, it launched its Max streaming service - combining HBO Max's scripted entertainment with Discovery's reality shows. Reporting by Samrhitha Arunasalam in Bengaluru and Helen Coster in New York; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons: Alyssa Pointer, David Zaslav, Samrhitha, Helen Coster, Saumyadeb Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, SAG, HBO, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru, New York
The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter. The company posted a net loss of $417 million, narrowing from a $2.3 billion net loss from a year-ago period. Advertising revenue at its networks segment declined 12% to $1.71 billion as global conflicts and inflation created an uncertain climate for marketers. The company's streaming unit posted an adjusted core profit of $111 million, compared with a loss of $634 million a year ago. Warner Bros Discovery had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter.
Persons: Mario Anzuoni, Gunnar Wiedenfels, there's, Wiedenfels, David Zaslav, Michael Schulman, Barbie, Thomas Hayes, Samrhitha, Helen Coster, Saumyadeb Chakrabarty, Anil D'Silva, Mark Porter Organizations: Paramount Pictures Studios, REUTERS, Warner Bros Discovery, SAG, Running, HBO, Thomson Locations: Los Angeles , California, U.S, Bengaluru, New York
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