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☆ A 24-year-old says she 'ignored' her bloating and stomach pain until it got so bad she went to the ER. Doctors diagnosed her with ovarian cancer.
▼ + stars: | 2023-01-27 | by ( Catherine Schuster-Bruce | ) www.businessinsider.com time to read: +4 min

A woman, 24, found out she had ovarian cancer after her stomach pain got so bad she went to the ER. Etheridge told SWNS that she "ignored" her pain for months because she didn't know cancer could cause it. Generally, people are diagnosed with ovarian cancer after menopause and it's rare in people younger than 40 to develop the disease, according to the American Cancer Society. "I don't think young women know the symptoms of ovarian cancer," she said. Chemotherapy was 'brutal'Treatment of ovarian cancer depends on the type of cancer and how far it has spread, but includes chemotherapy, hormone therapy, and surgery.

An Italian man who authorities say used a sophisticated scheme to steal unpublished works of authors pleaded guilty Friday, prosecutors said. Filippo Bernardini, who worked for Simon & Schuster UK, stole more than 1,000 unpublished manuscripts between August 2016 and January 2022, the U.S. Attorney’s Office for the Southern District of New York said in a statement. Among those tricked was a Pulitzer Prize recipient, who sent Bernardini a copy of their unpublished manuscript, according to an indictment. “Filippo Bernardini used his insider knowledge of the publishing industry to create a scheme that stole precious works from authors and menaced the publishing industry,” U.S. Attorney Damian Williams said in a statement. A representative for Simon & Schuster said at the time that they were "shocked and horrified" to learn of the allegations, and they were grateful to the FBI for investigating the case.

☆ U.S. auto sales to fall in 2022, GM set to reclaim top spot from Toyota
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

Full-year U.S. auto sales are forecast to be about 13.9 million units, down 8% from 2021 and 20% from the peak in 2016, according to industry consultant Cox Automotive. Inventory shortages, caused by surging material costs and persistent chip shortage, spilled into 2022, hobbling production at many automakers. Reuters GraphicsGM's 2022 U.S. sales are set to rise 2.3%, while Toyota's is expected to fall 9%, according to Cox Automotive. Both automakers are set to report sales figures on Wednesday. Some industry observers fret that price hikes by automakers to blunt inflationary pressures and rising interest rates will take a toll on new vehicle sales in the new year.

☆ Jim Cramer: My worldview for the first half of 2023 and the stocks that will win
▼ + stars: | 2023-01-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +27 min

Our stock market comes out of 2022 better than any other. The profitless companies today — like the dot-com stocks in 2000 — almost all disappointed and will continue to disappoint in 2023. I had thought these people would come back to work when they realized that savings from the stock market and Social Security aren't enough of a safety net. Money will be exiting the stock market all year into the safer and somewhat greener pastures. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The Year in Fiction: In a Stifling Atmosphere, Finding a Taste of Freedom
▼ + stars: | 2022-12-30 | by ( Sam Sacks | ) www.wsj.com time to read: +1 min

In a trial that involved the testimony of Stephen King, federal prosecutors argued that further consolidation of the book industry would reduce competition, depress author payments and bring about a bleakly monocultural book market. But the unspoken reason the prosecutors convinced was that they described not some dystopian publishing future but simply an intensification of the way the business already works. As it stands, the Big Five book publishers, PRH and S&S among them, are responsible for roughly 80% of the U.S. book market. The demands of corporatization mean that an increasing amount of their activity is devoted to the generation and publicizing of bestsellers. The outlook begins to resemble a film industry monopolized by comic-book franchises.

☆ Why the Taylor Swift debacle could lead to renewed scrutiny of the Ticketmaster/Live Nation merger
▼ + stars: | 2022-12-22 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Lawmakers and Swifties are calling for the Ticketmaster/Live Nation merger to be reexamined. The Department of Justice was reportedly investigating the merger prior to the Eras Tour madness. Now, the Department of Justice is reportedly investigating the Ticketmaster/Live Nation merger, a probe that began even before the Eras Tour debacle. That's the kind of merger critics argue happened with Live Nation and Ticketmaster. Live Nation has not incurred any of those penalties.

☆ Microsoft tells judges its $69 billion Activision deal would benefit gamers
▼ + stars: | 2022-12-22 | by ( ) edition.cnn.com time to read: +2 min

Microsoft Corp said on Thursday its $69 billion bid to buy “Call of Duty” maker Activision Blizzard would benefit gamers and gaming companies alike. “The acquisition of a single game by the third-place console manufacturer cannot upend a highly competitive industry. That is particularly so when the manufacturer has made clear it will not withhold the game,” Microsoft said in Thursday’s filing. The US Department of Justice recently stopped a $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and smaller US rival Simon & Schuster. The Microsoft deal is also facing scrutiny outside the United States, with the European Union saying it would decide by March 23, 2023, whether to clear or block the deal.

☆ U.S. new vehicle sales to fall in December as high prices deter buyers - report
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising borrowing costs pushed consumers to cut back spending, a report from industry consultants J.D. The average monthly payment for a new vehicle loan in December was $718, up $47 from a year ago, per the report. Retail sales of new vehicles this month are expected to touch over 1.04 million units, down 2.8% from last year. The consultants expect retail sales in the United States to increase next year, with improving inventory levels. Globally, vehicle sales are projected to end at 80.7 million units this year, a 1% contraction from 2021.

☆ Penguin Random House CEO Resigns Weeks After Simon & Schuster Deal Was Blocked
▼ + stars: | 2022-12-09 | by ( Jeffrey A. Trachtenberg | ) www.wsj.com time to read: 1 min

Markus Dohle, CEO of Penguin Random House, had been confident that regulators would approve the purchase of Simon & Schuster. Markus Dohle has resigned as chief executive of Penguin Random House weeks after a federal judge blocked the world’s largest consumer-book publisher from acquiring rival Simon & Schuster. He is being succeeded by Nihar Malaviya , 48 years old, currently president and chief operating officer of Penguin Random House U.S., who will serve as interim CEO effective Jan. 1.

☆ Penguin Random House CEO steps down weeks after judge blocked Simon & Schuster merger
▼ + stars: | 2022-12-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Penguin Random House said Friday that CEO Markus Dohle will step down at the end of the year, weeks after the collapse of a deal to merge Penguin with Simon & Schuster. A federal judge sided with the Justice Department and blocked Penguin's $2.2 billion acquisition of Simon & Schuster in late October. Soon after the judge's decision, Paramount Global , which owns Simon & Schuster, officially pulled the plug on the deal. "We regret Markus Dohle's decision to leave Bertelsmann and Penguin Random House," said Christoph Mohn, chairman of Penguin parent Bertelsmann's supervisory board. "He has sustainably focused Penguin Random House on growth and profitability.

☆ Penguin Random House CEO to quit after merger blocked
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Dec 9 (Reuters) - Penguin Random House head Markus Dohle will step down at the end of the year after a U.S. judge blocked a planned $2.2 billion merger of the world's largest publisher and rival Simon & Schuster, the company said in a statement on Friday. Nihar Malaviya, who is president and chief operating officer of Penguin Random House U.S., will take over as interim CEO from Jan. 1, the company said. Thomas Rabe, chief executive of Penguin's German owner Bertelsmann (BTGGg.F), expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO. With the deal's dissolution, Penguin will pay a $200 million termination fee to Paramount. Reporting by Klaus Lauer, Writing by Miranda Murray, Editing by Rachel More and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. seeks to stop Microsoft's $69 bln bid for games maker Activision
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] A person walks past a Microsoft store in the Manhattan borough of New York City, New York, U.S., January 20, 2022. REUTERS/Carlo Allegri/File PhotoWASHINGTON, Dec 8 (Reuters) - The Biden administration filed a complaint on Thursday aimed at blocking tech giant Microsoft's (MSFT.O) $69 billion bid to buy "Call of Duty" games maker Activision , over concerns the deal would deny rivals access to popular games. Microsoft, which owns the Xbox, said in January 2022 that it would buy Activision for $68.7 billion in the biggest gaming industry deal in history. Shares in Microsoft and Activision both fell on news of the FTC complaint. Chair Lina Khan and the two Democrats on the commission voted to approve the complaint, while Commissioner Christine Wilson voted no.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

As the U.S. Senate runoff between Sen. Raphael Warnock and football legend Herschel Walker reaches its final hours, an ex-girlfriend of Walker is sharing details of what she says is his abusive behavior toward her. Cheryl Parsa, 61, told NBC News on Sunday that she was in a five-year relationship with Walker in the 2000s. She said she confronted Walker, also 61, in 2005, after she found him with another woman at a Dallas residence. "He had his hand on my throat, my chest, and then he leaned back to throw a punch," Parsa said. "Who would have ever thought he would be running for Senate ... and I would feel this compelled to come forward?"

“Spoiler Alert,” the new film based on entertainment journalist Michael Ausiello’s heartbreaking 2017 memoir, certainly doesn’t have a storybook ending. The film, directed by Michael Showalter (“The Big Sick”), closely follows “Spoiler Alert: The Hero Dies,” which Ausiello wrote in the wake of his husband Kit Cowan’s death from colorectal cancer, at age 42. Even watching the movie now, it’s still a bit of a head trip to see it.”From left, Ben Aldridge, Jim Parsons, Sally Field and Bill Irwin in "Spoiler Alert." But, in general, these moments — and even the comedic stylings of Sally Field — aren’t able to distract from the inherent sadness of “Spoiler Alert” for very long. “I want them to have their own experience seeing the movie,” Ausiello said of audience members.

☆ Activision acquisition would be good for Microsoft and the overall stock market
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That implies that the other 35% of the market is made up of firms with equal to or less than about a 2% market share. For simplicity's sake, let's say an additional 17 firms have a 2% market share each to bring us to 100% of the market. That means the HHI, calculated by the market share number squared and then added together for all 27 companies, would be under 650. If the Microsoft-Activision Blizzard deal goes through, and you combine the market share concentration of the two companies, the HII would be just over 700. The other issue is how one measures the gaming market.

☆ Ron DeSantis is releasing his first autobiography, in a key sign he's exploring a White House run
▼ + stars: | 2022-11-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Ron DeSantis has a book coming out on February 28. Ron DeSantis of Florida has an autobiography coming out early next year, in the surest sign yet that he's considering a presidential run. Throughout these experiences, the publisher writes of the forthcoming book, "Ron DeSantis learned the same lesson: He didn't want to be part of the leftist elite." Ron DeSantis. That book's publisher was High-Pitched Hum Publishing in Jacksonville, Florida, a cooperative publisher known as a "vanity press" in literary circles.

☆ ‘There’s no rules. It’s crazy’: New money in NCAA recruiting leaves elite athletes ripe for exploitation
▼ + stars: | 2022-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kit-Ramgopal-Byline.Jpg | Kit Ramgopal | ) www.nbcnews.com time to read: +15 min

Instead, the coveted junior recruit was benched, due to a decision from the state’s governing body for high school sports. Meanwhile, in a growing number of states, including California, even high school athletes can enter contracts. But boosters can pay prospective students through NIL deals, as long as the money is not contingent on enrollment or athletic performance. A University of Miami booster has earmarked $10 million to sign players to NIL deals through his companies. Cunningham’s message to high school athletes is “the grass isn’t always greener,” even in California.

☆ If the Biden administration doesn't step in to block the $25 billion Kroger-Albertsons merger, it will be devastating for shoppers and grocery-store workers — while the rich shareholders will get rich
▼ + stars: | 2022-11-23 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

Last month, Kroger announced a $25 billion deal to merge with grocery chain Albertsons. During the pandemic last year, local city councils in Long Beach and Seattle passed "hero pay" laws requiring grocery stores to pay their public-facing workers $4 extra per hour. Last month, Kroger announced a $25 billion deal to merge with Albertsons, another major national grocery chain. In the press release announcing the merger, Kroger promised that the consolidation would result in lower prices for customers and better compensation and benefits for workers. But the larger Kroger-Albertsons merger is still on track to conclude in 2024, unless the Biden administration steps in to stop it.

☆ Paramount Global Terminates Deal to Sell Publisher Simon & Schuster to Rival Penguin Random House
▼ + stars: | 2022-11-22 | by ( Jeffrey A. Trachtenberg | ) www.wsj.com time to read: 1 min

Paramount Global’s comments about its Simon & Schuster unit suggested the book publisher might again find itself on the sales block. Paramount Global , which owns the Simon & Schuster book-publishing unit, said in a federal filing Monday that it has terminated its agreement to sell Simon & Schuster to rival Penguin Random House. Paramount said that Simon & Schuster “remains a non-core asset” and that the publisher “does not fit strategically within Paramount’s broader portfolio,” suggesting Simon & Schuster eventually will go back on the sales block.

☆ Paramount Won’t Support Appeal of Ruling That Blocked Simon & Schuster’s Sale to Penguin
▼ + stars: | 2022-11-21 | by ( Jessica Toonkel | Jeffrey A. Trachtenberg | ) www.wsj.com time to read: 1 min

Penguin Random House had said it wanted to pursue an expedited appeal, but it needed the support of Simon & Schuster parent Paramount Global. Paramount Global has decided not to support an appeal of a recent ruling that blocked the planned $2.18 billion sale of its Simon & Schuster book-publishing unit to rival Penguin Random House, according to people familiar with the situation. Paramount is expected to announce a decision early this week, the people said.

☆ Paramount scraps deal to sell Simon & Schuster to Penguin after weeks after judge rejected merger
▼ + stars: | 2022-11-21 | by ( Mike Calia | ) www.cnbc.com time to read: +2 min

The U.S. Department of Justice is suing Penguin Random House and Simon & Schuster to block the companies from completing a merger valued at $2.175 billion. Paramount Global said Monday it scrapped its $2.2 billion deal to sell book publisher Simon & Schuster to rival Penguin Random House, weeks after a federal judge rejected the merger. Penguin, which is owned by German media conglomerate Bertelsmann, said it still believes Simon & Schuster is a good fit for its business, but that it accepted Paramount's decision. Paramount also indicated that it would still seek to unload Simon & Schuster. "Simon & Schuster is a highly valuable business with a recent record of strong performance," Paramount said.

☆ Penguin Random House scraps $2.2 bln deal to merge with Simon & Schuster
▼ + stars: | 2022-11-21 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

REUTERS/Stefan Wermuth/File PhotoWASHINGTON, Nov 21 (Reuters) - Penguin Random House, the world's largest book publisher, and rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann (BTGGg.F) said in a statement. But Bertelsmann said in a statement on Monday that it "will advance the growth of its global book publishing business without the previously planned merger of Penguin Random House and Simon & Schuster." Paramount said on Monday that Simon & Schuster was a "non-core asset" to Paramount. Penguin writers include cookbook author Ina Garten and novelists Zadie Smith and Danielle Steele, while Simon & Schuster publishes Stephen King, Jennifer Weiner and Hillary Rodham Clinton, among others. The top five publishers are Penguin Random House, HarperCollins, Macmillan, Simon & Schuster and Hachette, with Walt Disney Co (DIS.N) and Amazon.com Inc (AMZN.O) also in the market.

Many were especially wary of Penguin Random House — already by far the largest publisher in the United States — getting even bigger by absorbing a rival. Penguin Random House has about 100 imprints; together they publish more than 2,000 titles a year. The merger would have given it Simon & Schuster’s approximately 50 imprints, as well as the company’s vast and valuable backlist of older titles. “The market is already too consolidated,” said Mary Rasenberger, chief executive of the Authors Guild, an advocacy group for writers that opposed the purchase. The company’s recent performance has been strong, even as the results have sagged at other major publishers.

Persons: Simon, Schuster —, United States —, Schuster’s, ”, Mary Rasenberger, Simon & Schuster Organizations: Random, HarperCollins, Macmillan, Hachette, Penguin, United States, Justice Department, Guild, Simon & Locations: United

☆ Penguin Random House’s $2.2 billon deal for Simon & Schuster is over
▼ + stars: | 2022-11-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: 1 min

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