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☆ El Salvador’s abortion laws are notoriously harsh. These women say they were convicted of homicide after having stillborn babies
▼ + stars: | 2023-10-08 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +19 min

CNN —A sign greets visitors arriving at a sun-filled two-story house in El Salvador’s capital. But within El Salvador, a largely Catholic and evangelical Christian country, some viewed the women’s accounts with skepticism and hostility. Again, the UN’s human rights office weighed in, calling El Salvador’s laws “draconian.”Two months later, 11 justices from El Salvador’s Supreme Court commuted Vásquez’s sentence, saying evidence in the case did not prove that she had taken any action to end her baby’s life. The Harvard professor has been studying these women’s cases and the impact of El Salvador’s abortion restrictions for years. This shows her after a visit in August 2018, six months after El Salvador's Supreme Court commuted her sentence.

Persons: Teodora Vásquez, they’ll, It’s, El Salvador, it’s, Vásquez, who’ve, “ We’ve, ” Vásquez, “, ”, Teodora, Oscar Rivera, Salvador Melendez, Jocelyn Viterna, ” Viterna, Viterna, Dana Sussman, —, Benedicte, Ra’ad Al Hussein, José Miguel Fortín Magaña, Jose Cabezas, El, ‘, ’ ” Vásquez, Libres, who've, Jessie Wardarski, “ I’ve, Jacqueline Castillo, “ It’s, ” Castillo, she’s, Mujeres, there’s, Marvin Recinos, She’s, Merlin Delcid, CNN’s Tierney Sneed Organizations: CNN, El, Getty, Hollywood, Amnesty, of Women, Harvard University, Salvadoran, Pregnancy, UN, Human Rights, El Salvador’s Institute of Legal Medicine, Reuters, Citizen Group, Harvard, Mujeres Libres El, Inter, American, of Human, “, of Steel Locations: El Salvador’s, “, Libres El Salvador, Mujeres, Salvadoran, El Salvador, United States, New York, El, San Salvador, Mujeres Libres, Mujeres Libres El Salvador, AFP

(AP) — Washington Commanders part-owner Magic Johnson criticized coach Ron Rivera's team for playing with “no intensity or fire" in a 40-20 loss Thursday night to the Chicago Bears, a club that hadn’t won a game in nearly a full year. By the time Sam Howell led the hosts to their initial first down, nearly 2 1/2 minutes into the second quarter, Chicago (1-4) was already ahead 17-0. At halftime, the tally was 27-3, and the Bears had outgained the Commanders 307-84 in total yards. Afterward, the Commanders forced the Bears to punt for the first time all evening. Later, with a chance to cut the deficit to seven with under 5 1/2 minutes left, Slye missed a 46-yard attempt.

Persons: Magic Johnson, Ron Rivera's, hadn’t, “ Let's, ” —, —, Rivera, Jack Del Rio —, Justin Fields, DJ Moore, ” Rivera, “, ” Johnson, Dan Snyder, Washington “, “ didn’t, Terry McLaurin, ” McLaurin, that’s, we've, Darrick Forrest, Moore, Khalil Herbert . Washington, Fields, Sam Howell, “ Let’s, Howell, Logan Thomas, Matt Eberflus, Thomas, Joey Slye, Ron, Slye, ___ Organizations: —, Chicago Bears, Redskins, Washington, Philadelphia Eagles, Buffalo Bills, Bears, Chicago, Denver Broncos Locations: LANDOVER, Md, — Washington, Chicago, Washington

☆ Logistics technology firm SP Plus to go private in about $1.5 billion deal
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Oct 5 (Reuters) - U.S.-based transportation and logistics technology firm SP Plus will be acquired by parking technology provider Metropolis Technologies in an all-cash deal worth about $1.5 billion, the companies said on Thursday. Shareholders of SP Plus will receive $54 per share, representing a premium of 52.5% over the stock's closing price on Wednesday. The offer price values the Chicago-based firm at $1.06 billion. SP Plus, which will go private after the deal is closed, provides parking management, facility maintenance and event logistics solutions among other services. Metropolis offers computer vision technology that is deployed in parking lots, enabling customers to drive without the need for a checkout.

Persons: Akash Sriram, Sherry Jacob, Phillips Organizations: SP, Metropolis Technologies, Metropolis, Thomson Locations: Chicago, Bengaluru

HARARE, Zimbabwe (AP) — Zimbabwe has recorded 100 suspected deaths from cholera and more than 5,000 possible cases since late last month, prompting the government to impose restrictions to stop the spread of the disease, including limiting numbers at funerals and stopping some social gatherings in affected areas. The health ministry announced the death toll late Wednesday and said 30 of the deaths had been confirmed as from cholera through laboratory tests. Political Cartoons View All 1199 ImagesZimbabwe has often imposed restrictions during its repeated outbreaks of cholera. In southern Africa, Zimbabwe, Malawi, South Africa and Mozambique have all had recent cholera outbreaks. More than 4,000 people died in Zimbabwe's worst cholera outbreak in 2008.

Organizations: —, World Health Organization, ___ AP Locations: HARARE, Zimbabwe, — Zimbabwe, Masvingo, Harare, Africa, Malawi, South Africa, Mozambique, Malawi's, ___, africa

☆ Toshiba says $14 bln takeover bid by JIP succeeds, set to go private
▼ + stars: | 2023-09-21 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +3 min

TOKYO, Sept 21 (Reuters) - Toshiba (6502.T) said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success - a deal which paves the way for the embattled industrial conglomerate to go private. "Activist shareholders and Toshiba were stuck with each other for years. Toshiba in March accepted the buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion). Although some shareholders were unhappy with the price, Toshiba argued that there was no prospect of a higher offer or competing bid. Deals involving private equity have been particularly active, including a planned $6.4 billion buyout of materials maker JSR by a government-backed fund.

Persons: Travis Lundy, Taro Shimada, Androniki, Shimada, Lundy, JIP, Sony Group's, chipmaker Rohm, Makiko Yamazaki, Edwina Gibbs Organizations: Toshiba, Japan Industrial Partners, Quiddity Advisors, Toshiba Corporation, REUTERS, Sony, Chubu Electric Power, Thomson Locations: TOKYO, Kawasaki, Japan, Asia

☆ Toshiba says $14 bln takeover bid by JIP has succeeded
▼ + stars: | 2023-09-21 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders. Toshiba in March accepted the buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion). Although some shareholders were unhappy with the price offered, Toshiba argued that there was no prospect of a higher offer or competing bid. Although not well known overseas, JIP has been involved in corporate carve outs and spin offs from Japanese conglomerates, including Olympus' (7733.T) camera business and Sony Group's (6758.T) laptop computer business.

Persons: Androniki, Taro Shimada, JIP, Sony Group's, Shimada, chipmaker Rohm, Makiko Yamazaki, Christopher Cushing, Edwina Gibbs Organizations: Toshiba Corporation, REUTERS, Rights, Toshiba, Japan Industrial Partners, Olympus, Sony, Chubu Electric Power, Thomson Locations: Kawasaki, Japan

☆ Toshiba is set to delist in Japan after 74 years as part of $14 billion deal
▼ + stars: | 2023-09-21 | by ( ) edition.cnn.com time to read: +3 min

Tokyo Reuters —Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success — a deal which paves the way for the embattled industrial conglomerate to go private. The deal puts the 148-year-old electronics-to-power stations maker in domestic hands after years of battles with overseas activist investors. Toshiba in March accepted the buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion). Although some shareholders were unhappy with the price, Toshiba argued that there was no prospect of a higher offer or competing bid. It will mark the largest M&A deal in Japan this year.

Persons: —, ”, Travis Lundy, Taro Shimada, Toshiba “, Shimada, “, ” Lundy, JIP, chipmaker Rohm Organizations: Tokyo Reuters, Toshiba, Japan Industrial Partners, “, Quiddity Advisors, ” Toshiba, Sony, Chubu Electric Power Locations: Tokyo, Orix, Japan, Asia

The U.S. homeowner’s insurance industry has had three straight years of underwriting losses, according to credit rating agency AM Best. Record numbers of Americans are now insured through state-affiliated “insurers of last resort” like California’s FAIR Plan, or Louisiana or Florida’s Citizens property insurance companies. These programs were designed to insure properties where private insurance companies have refused to insure or the price for private insurance is too expensive. In Florida, Citizens Property Insurance Corp. now has 1.4 million homeowners’ policies in effect, nearly triple in five years. “It used to be homeowner's insurance was an afterthought when you are looking at buying a property.

Persons: you’re, ”, California Sen, Bill Dodd, Jeremy Porter, Fannie Mae, Todd Bevington, “ I’ve, Jen Goodlin, ‘, ’ ”, “ We’ve, ” Dodd, Dodd, Porter, Guy Carpenter, Lara Mowery, Mowery, ” Mowery, That’s, ” Bevington, Adam Beam, Janie Har Organizations: First Street Foundation, Bank of America, Treasury Department, Paradise, FAIR, Citizens Property Insurance Corp, Farm, Allstate, National Flood Insurance, Swiss, Munich Re, Hurricane Locations: California, Florida, Louisiana, Lahaina, Vermont, Maine, New York, U.S, “, Paradise, Northern California, Colorado, Munich, New Orleans, Gulf, Asheland, N.C, Sacramento, Calif, San Francisco

☆ 100-year-old worked from age 18 to 99: Why she thinks it helped her live a long life
▼ + stars: | 2023-09-18 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Paldo worked for over 80 years from ages 18 to 99, and she believes working was a big contributor to her longevity. "That kept me busy, and I enjoyed working," Paldo says about her former job. Paldo's family started a sign business in Chicago producing electric signs, and Paldo was in charge of office work. "And I was the only one in the office that did all of the office work for our business, so it was enjoyable. Milman is also involved with the SuperAgers Family Study, which aims to discover the biological factors that contribute to longevity.

Persons: Madeline Paldo, Paldo, She'd, it's, Sofiya Milman, Milman Organizations: CNBC, Harvard, Institute for Aging Research, Albert Einstein College of Medicine Locations: Chicago, Texas

☆ The CEO of Bose know her success relies on this one thing
▼ + stars: | 2023-09-17 | by ( Josée Rose | ) www.businessinsider.com time to read: +14 min

That was the biggest challenge, particularly given what was going on in the world. Would you say sometimes the biggest challenge is — and I have it — imposter syndrome? I think that's probably the biggest thing is that, you know, CEO or any other role, you're not one person; you're not in it yourself. We think that's something — this idea of immersive sound is something that we know customers are really looking for. I think you're gonna see more of that from us where technology and innovation is coming faster from Bose.

Persons: Bose, Lila Snyder, Snyder, —, she'd, I've, MIT —, it's, It's, I'm, that's, we've, we're, We're, there's, — we're Organizations: Service, MIT, Bose Locations: Wall, Silicon, Bose, Ukraine

☆ The Fed's own economists now expect a Goldilocks scenario: No recession, low inflation, and positive growth
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Economists from the Federal Reserve Bank of Chicago predict inflation will cool without a recession. "That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists said. So far, based on the analysis, tighter policy has resulted in 5.4 percentage points in the level of real GDP and 7.1 percentage points in CPI. That represents about 65% and 75% of the total tightening effects on the levels of real GDP and CPI, respectively, that will occur, according to the model. Policy has reduced total hours worked by about 4 percentage points, or about 40% of the total effect that is ultimately projected.

Persons: Stefania D'Amico, Thomas King, D'Amico, King, Henry Blodget Organizations: Federal Reserve Bank of Chicago, Service, Consumer, Index, CPI Locations: Wall, Silicon

☆ A Mar-a-Lago worker and witness in the classified documents case has flipped on Trump and now won't be prosecuted
▼ + stars: | 2023-09-07 | by ( Associated Press | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

An IT manager was asked to delete surveillance footage at Mar-a-Lago, the Justice Department alleged. That footage was alleged to show Donald Trump's aide moving boxes of classified documents. The IT manager struck a cooperation deal and testified before a federal grand jury. A cooperation agreement generally requires an individual to assist a criminal investigation in exchange for not being prosecuted. The indictment alleges that De Oliveira, Mar-a-Lago's property manager, told Taveras — identified in court papers as "Trump Employee 4" — that "the boss" wanted surveillance footage deleted.

Persons: Donald Trump's, Lago, Stanley Woodward, Trump, Walt Nauta, Taveras, Carlos De Oliveira, De Oliveira, Taveras —, Jack Smith's, Woodward Organizations: Justice Department, WASHINGTON, Mar, Service, Department, CNN, Trump, District of Columbia Locations: Florida, Wall, Silicon, Mar, District

☆ A California dental worker was fired after a video of her verbally abusing another McDonald's customer went viral
▼ + stars: | 2023-08-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A California woman was shown abusing another McDonald's customer in a video on TikTok. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In the TikTok video, the male customer can be heard accusing the woman of "trying to degrade people," seemingly in reference to her behavior towards the fast-food chain's staff. AdvertisementAdvertisementLocal news outlets identified the woman as Gina Aiello, an employee of Fresno dentist Jack Ohanesian. "If I didn't stop her, she was gonna go probably way over the line and I'm glad that I did stop her," he said in his video.

Persons: Gina Aiello, Jack Ohanesian, Ohanesian, Aiello, didn't, Luis Aceves, Aceves Organizations: Service Locations: California, Wall, Silicon, Fresno, America, Armenia

☆ Trump's $200,000 bond in his Georgia RICO case is the first time he's on the hook for cash in his criminal cases
▼ + stars: | 2023-08-21 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

It's the first time in four criminal cases that he's required to post cash to secure his return. The bond order explicitly forbids him from intimidating witnesses and co-defendants on social media. It's the first time, out of four criminal cases, that he's being required to post bond to secure his court appearances. Trump has been charged in three other cases this year, none of which include a cash bond. Read the Trump bond order below:

Persons: Donald Trump, Drew Findling, Fani Willis, Trump, Willis, Mark Meadows, Rudy Giuliani, Bond, Scott McAfee, McAfee, Ronald Carlson, He's, Stormy Daniels, Jack Smith, Carlos De Oliveira, Forbes, he's Organizations: Service, Trump, Fulton, University of Georgia School of Law, Prosecutors, Justice, Mar, Save Locations: Georgia, Wall, Silicon, Atlanta, Fulton County, Manhattan, New York, Lago

☆ Lucas Glover: How a former Navy SEAL helped golfer overcome 10 years of yips and become the sport’s most in-form player
▼ + stars: | 2023-08-18 | by ( Jack Bantock | Don Riddell | ) edition.cnn.com time to read: +6 min

In 2009, Glover was crowned US Open champion and became the world’s 15th best-ranked golfer. It was time to call in help, and that support arrived in the shape of former Navy SEAL Jason Kuhn. Keyur Khamar/PGA TOUR/Getty ImagesHaving first met with Kuhn in May, Glover began to work with the ex-Navy SEAL shortly after. Glover has a perfect record at the Presidents Cup, triumphing in 2007 and 2009, with Johnson his teammate at both tournaments. The Presidents Cup is a biennial competition between Americans and an international team open to players outside the United States and Europe.

Persons: Lucas Glover, Scotsman Tommy Armour, Ernie Els, Danielle Kang, Bernhard Langer, Glover, ” Glover, CNN Sport’s Don Riddell, “, Mike Segar, Jason Kuhn, Kuhn, Tyler Matzek, Keyur Khamar, –, It’s, he’s, that’d, ”, …, ” Ryder, – Zach Johnson, Ryder, Johnson, I’ve, – I’ve, Robert Galbraith, Reuters Scottie Scheffler, Wyndham Clark, Patrick Cantlay, Brian Harman, Brooks Koepka, Max Homa – Organizations: CNN, Scotsman, Bethpage, Reuters, NCAA Division, Major League Baseball, NCAA, MLB, Navy, Atlanta Braves, ex, Wyndham Championship, FedEx St, Jude, BMW, US Ryder, Rome, US Team, Harding, Golf Club, PGA of America, Team USA, triumphing Locations: Georgia, New York, Illinois, San Francisco , California, Italy, Frisco , Texas, United States, Europe

[1/2] Striking Writers Guild of America (WGA) members walk the picket line in front of Netflix offices in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsLOS ANGELES, Aug 16 (Reuters) - After three months of walking the picket lines, striking Hollywood writers expressed optimism on Wednesday about the reopening of contract talks with major studios and the possibility they could be back at work in weeks. Still, members of the Writers Guild of America see reason for hope. Writers went on strike on May 2 over an impasse on compensation, minimum staffing in writers' rooms, residual payments and curbs on artificial intelligence. While "Law and Order" writer and WGA liaison Terri Kopp is also upbeat about talks with studios continuing, she is concerned about information leaking from their confidential negotiating sessions.

Persons: Mike Blake, Pam Davis, we're, it's, AMPTP, They're, K.C, Scott, Terri Kopp, Kopp, Lucy, Danielle Broadway, Dawn Chmielewski, Sandra Maler Organizations: Guild of America, Netflix, REUTERS, Alliance, Television Producers, Walt Disney, Writers Guild of America, Reuters, Amazon Studios, Screen Actors Guild, WGA, Thomson Locations: Los Angeles , California, U.S, Culver City

☆ Trump’s allies have long faced legal troubles, but this time is different because he is too
▼ + stars: | 2023-08-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

They were the latest members of the former president’s inner circle to find out that associating with Trump could put them on cracking legal ice. There is increasing speculation over why Meadows was charged in Georgia but not in special counsel Jack Smith’s federal investigation into Trump’s election stealing efforts. Legal experts wonder whether he could be cooperating with that probe in a sign of peril for the former president. Trump’s inner circles have long faced legal problemsTrump’s co-defendants in the Georgia case are not the first to find out that the ex-president’s intolerance for the rules and conventions that normally constrain presidencies can lead them into treacherous waters. Trump once vowed to bring only “the best people” to Washington, but his acolytes often find themselves dragged into his legal storms.

Persons: Donald, –, Trump, Rudy Giuliani, Giuliani –, Trump’s, ”, Giuliani, bruiser, “, “ I’m, “ We’re, Mark Meadows, Meadows, Jack, John Eastman, Mike Pence, Harvey Silverglate, Sidney Powell –, Walt Nauta, Carlos De Oliveira –, Paul Manafort, Michael Flynn, Robert Mueller’s, Steve Bannon, Bannon, ” Bannon, Allen Weisselberg, Michael Cohen, Cohen, ” Trump, Attorney Alvin Bragg, Stormy Daniels, extravagantly, Flynn, Manafort, Roger Stone, won’t, ’, District Attorney Fani Willis –, Ty Cobb, CNN’s Erin Burnett, wouldn’t, Willis, ” Cobb Organizations: CNN, Trump, New, New York City, WABC, White House, Caucus, White, Republican, Former Trump, Trump Organization, Manhattan, Attorney, Trump’s, Save, District Attorney Locations: Georgia, Fulton, New York, Ukraine, North Carolina, Washington, Meadows, Fulton County , Georgia, Lago, Trump, Russia, Manhattan, Congress

☆ Inside a Dementia Unit in a Federal Prison - The New York Times
▼ + stars: | 2023-08-11 | by ( Katie Engelhart | ) www.nytimes.com time to read: +8 min

He actually hasn’t existed for, like, over 20 years.” These men are serving life sentences at Angola prison in Louisiana. “I’m serving a life sentence for second-degree murder.” “First-degree murder.” “Second-degree murder and armed robbery.” “I’m serving a life sentence.” “A life sentence without parole.” “I was 18 when this crime happened.” “I was 17 years old.” “I was 18 at the time.” “I come here when I’m 17. It shouldn’t have happened.” In the U.S., there are more than 50,000 people serving life without parole, 70 percent of whom are Black. It’s just a life sentence.” A few states have implemented changes in the criminal justice system, including second-look reforms. But they are only a small fraction of those serving life without parole.

Persons: It’s, I’ve, ”, “ I’m, ” “, “, that’s, Damian, aren’t, who’ve, I’d, Don’t, I’m, ” “ I’ve Organizations: I’m, Culinary Arts School, Baton Rouge Community College, National Center for Construction Education, Research, Bury Locations: Angola, Louisiana, U.S

☆ Chinese data center operator Chindata to go private in $3.16 bln deal
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

Aug 11 (Reuters) - Chindata Group said on Friday it would go private in a sweetened $3.16 billion deal with investor Bain Capital, ending months of uncertainty over the future of the Chinese data center operator that also received interest from China Merchants Group. It also marks a premium of about 43% to the closing price of Chindata shares before the initial approach was made public. U.S.-listed shares of Chindata, which operates data centers in China, India and Southeast Asia, rose 3% after the bell. Data centers operators have enjoyed a surge in demand in recent years as more businesses take to the web. The go-private deal announced on Friday will be funded through a combination of cash and debt financing provided by Shanghai Pudong Development Bank, Chindata said.

Persons: Chindata, Manya Saini, Shinjini Organizations: Chindata, Bain Capital, China Merchants Group, Nasdaq, China Merchants Capital, Shanghai Pudong Development Bank, Thomson Locations: U.S, Chindata, China, India, Southeast Asia, Bengaluru

☆ Victoria's Secret is getting slammed by Skims fans online. They're accusing the brand of ripping off Kim Kardashian's campaign.
▼ + stars: | 2023-08-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Victoria's Secret launched a new campaign with supermodels Gisele Bündchen, Adriana Lima, and Candice Swanepoel. Their photos in Victoria's Secret catalogs made them household names — the brand even dubbed them "Angels" to further cement their place as modeling royalty. Critics on social media pointed out that the new Victoria's Secret campaign looks eerily similar, even down to the name: It's called "The Icon" while Kardashian's was "Icons." Swanepoel posted about her return to modeling for Victoria's Secret in an Instagram post. "What a wonderful sense of belonging to come home to my VS family for this Iconic campaign!"

Persons: supermodels Gisele Bündchen, Adriana Lima, Candice Swanepoel, Secret, Kim Kardashian, Gisele Bündchen, Kim Kardashian's, Kardashian, Skims, Swanepoel, Tyra Banks, Heidi Klum, Alessandra Ambrosio —, Kardashian's, Mikael Jansson, SKIMS, —, Blakely Thornton, Ryan Reynolds, Pelton, Justin Long, Ed Razek, Naomi Campbell, Adut Akech, Hailey Bieber, Paloma Elsesser, Sui, Emily Ratajkowski Organizations: Service, Victoria, New York Times Locations: Wall, Silicon

☆ Elon Musk's X is hiring again, CEO says. It had slashed more than half its workforce.
▼ + stars: | 2023-08-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

X CEO Linda Yaccarino said the company is hiring again after a "necessary cost discipline exercise." She said the the company went from about 8,000 staff to around 1,500 during Elon Musk's layoffs. X CEO Linda Yaccarino said the social media company is hiring again after gutting over half of its workforce after Elon Musk took over. Growth means hiring," Yaccarino said during an interview with CNBC on Thursday. The CEO also commented on her working relationship with Musk and added that the X owner gives her "autonomy."

Persons: Linda Yaccarino, Yaccarino, Elon Musk, Musk, Twitter —, CNBC's David Faber Organizations: Elon, CNBC, LinkedIn, Twitter Locations: NBCUniversal

In this article SBGINXSTGTNSSP Follow your favorite stocks CREATE FREE ACCOUNTChristian Petersen | Getty Images Sport | Getty ImagesTensions are building among broadcast station owners and pay TV providers as the local rights to air NBA, NHL and MLB games go up for grabs. Pay-TV providers are also exploring alternatives to keep local games in the bundle. The NBA's Phoenix Suns and Utah Jazz recently reached deals to be be aired on local broadcast networks run by Gray and Sinclair, respectively. "The reality is that the issue people keep talking about is the rights fees. But the rights fees aren't necessarily the question," said Berke.

Persons: Christian Petersen, Sinclair, Diamond, Bill Morrow, RSNs, George Kubas, Lee Berke, There's, Gray, Brian Lawlor, Lawlor, Jeff Speer, —, Ion, Berke, David Peralta, Kole Calhoun, Starling Marte Organizations: Getty, NBA, NHL, MLB, Scripps Co, Gray Television, Nexstar Media Group, Diamond Sports Group, Warner Bros, Broadcasters, Comcast, Charter, DirecTV, Gray, Nexstar, Communications, Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Diamond, Phoenix Suns, Utah Jazz, Clipper, Las Vegas Golden Knights, NHL Stanley, Scripps, Scripps Sports, Knights, Warnes Bros, Vegas Golden Knights, Florida Panthers, Mobile, — ABC, NBC, CBS, Fox, CW Network, Nexstar's CW Network, ACC, Nascar, Suns, Arizona Diamondbacks, Oakland Athletics, Chase Field, The Diamondbacks Locations: Cleveland, Los Angeles, Las Vegas, Las Vegas , Nevada, Phoenix , Arizona

☆ Chris Christie says Trump's classified documents case is like 'Abbott and Costello meets the Corleones,' and shows the former president's 'abject stupidity'
▼ + stars: | 2023-08-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Chris Christie said Trump "certainly committed crimes" related to his classified documents indictment. Christie has already qualified for the first GOP presidential debate later in August. In June, a federal grand jury indicted Trump, accusing him of mishandling classified documents after he left the White House. The superseding indictment alleged that De Oliveira, Nauta, and Trump conspired to delete surveillance footage at the resort and obstruct the federal investigation. "And now the superseding indictment where he was ordering folks allegedly to delete the surveillance cameras, you know, it reminded me of like what maybe 'Abbott and Costello' meets the 'Corleones' would've looked like."

Persons: Chris Christie, Trump, Abbott, Costello, Christie, Donald Trump, Waltine, Carlos De Oliveira, De Oliveira, He's, FiveThirtyEight, Ron DeSantis, he's Organizations: Service, New, New Jersey Gov, Trump, White, Florida Gov Locations: Wall, Silicon, New Jersey, Lago, Nauta, Whe, Florida

☆ Paramount to sell Simon & Schuster to KKR for $1.6 billion in cash
▼ + stars: | 2023-08-07 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse. Paramount posted Simon & Schuster for sale in 2020. In November 2022, Paramount ended its agreement to sell Simon & Schuster to Penguin Random House in what would have been a $2.2 billion deal. In October 2022, US District Court Judge Florence Pan ruled the combination of the book publishing giants would illegally reduce competition. The private equity firm also sold audiobook publisher RBMedia to H.I.G Capital this year after acquiring it in 2018.

Persons: Simon, Schuster, Bob Bakish, ” Bakish, Jonathan Karp, Dennis Eulau, Biden, Florence Pan, Penguin, RBMedia Organizations: New, New York CNN, Paramount, KKR, Paramount Global, Random, Justice, Elliott Management, Barnes & Nobles, Amazon, H.I.G, & $, & $ Locations: New York, Barnes

☆ Ahead of two key inflation reports, what would a soft landing look like exactly?
▼ + stars: | 2023-08-06 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

But aside from simply skirting a recession, it’s not obvious what the economy would look like in a soft landing. And who even declares that the Fed has officially defied the odds and achieved a soft landing? The main aspect of a soft landing, according to economists, is the absence of a recession, which is determined by the National Bureau of Economic Research (NBER.) In a soft landing, the job market has to remain intact. The other key feature of a soft landing is for the Fed to successfully control inflation, but that’s open to some interpretation.

Persons: we’ve, ”, Kayla Bruun, “, Julia Pollak, ” Pollak, Josh Markman, cooldown, Austan Goolsbee, ” Goolsbee, Raphael Bostic, Michelle Bowman, Patrick Harker, Armour, Ralph Lauren Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Bank of America, Fed, National Bureau of Economic Research, Morning, Atlanta, ZipRecruiter, Labor, Bel Air Investment Advisors, Federal, Federal Reserve Bank of Chicago, Bloomberg, Atlanta Fed, “, Tyson Foods, UPS, Fox, Restaurant Brands, The National Federation of Independent Business, US Commerce Department, China’s National Bureau of Statistics, Disney, US Labor Department, National Statistics, University of Michigan Locations: Washington

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