Economy

William H. Donaldson, the Lion of Wall Street who led the SEC, dies at 93
Economy

William H. Donaldson, the Lion of Wall Street who led the SEC, dies at 93

More news - Breaking news William H. Donaldson, who made an early fortune as co-founder of the innovative securities firm Donaldson, Lufkin & Jenrette and later pushed for tougher financial regulation as chairman of the Securities and Exchange Commission in the wake of the Enron and WorldCom accounting scandals , died Wednesday at his home in Westchester County, New York, at the age of 93. The cause was leukemia, his son Adam said. Mr. Donaldson also briefly served as undersecretary of state under Henry A. Kissinger, ran the New York Stock Exchange and was chief executive of the insurance company Aetna Inc. In 1975, he was named the founding dean of Yale University's School of Organization and Management, now known as the School of Management, whose mission to train leaders for both...
Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain
Economy

Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

More news - News 24 hours Terms of the deal were not disclosed. Sony bought Alamo from Altamont Capital Partners and Fortress Investment Group, as well as the chain's founder, Tim League. Mr League said the cinema chain was “more than thrilled” with the deal. This comes at a time of financial difficulty for the Alamo and the film industry as a whole. Many of Alamo's franchised locations filed for bankruptcy and closed this month, making Sony's move a potential lifeline for the struggling chain. Alamo filed for Chapter 11 bankruptcy in 2021 before a private equity firm intervened. The theaters will continue to operate under the Alamo Drafthouse brand, Sony said, although they will be operated by a newly formed division at Sony led by Michael Kustermann, Alamo's chief executive. “A...
TikTok’s Future in U.S. Depends on Bet on First Amendment
Business, Economy

TikTok’s Future in U.S. Depends on Bet on First Amendment

Related media - Connected media TikTok takes its fight to court TikTok fired the latest broadside in its battle with Washington, suing to block a law that could force the company to split from ByteDance, its Chinese owner, or face a ban in the U.S. The company argues that the law violates the First Amendment by effectively killing an app in the U.S. that millions of Americans use to share their views. Another problem: a divestiture within 270 days is practically impossible, Sapna Maheshwari and David McCabe report for The Times. DealBook spoke with Maheshwari about the lawsuit filed yesterday and what happens next. Do legal experts think TikTok has a chance at winning? It could go either way. Alan Rozenshtein, an associate professor at the University of Minnesota Law School, says th...
In a Surprise, Disney+ Becomes Profitable
Business, Economy

In a Surprise, Disney+ Becomes Profitable

Related media - Associated media When Disney reported robust earnings in February, the activist investors then circling the company essentially called it a stunt — a temporary, heat-of-battle effort to fend them off and not, as Robert A. Iger maintained, proof that a struggling Disney had finally “turned the corner.” The Disney chief’s argument just got a lot stronger. Disney blew past Wall Street’s expectations for a second consecutive quarter on Tuesday, in part because its flagship streaming service made money — a first. Disney+ had been expected to lose more than $100 million in the most recent quarter, widening losses since its 2019 arrival to roughly $12 billion. Instead, it swung to a $47 million profit. “Two quarters earlier than expected,” Hugh Johnston, Disney’s chief fina...
¿Entrará el Girona en esta lista? Los grandes ‘tapados’ de la historia de la Champions
Business, Economy

¿Entrará el Girona en esta lista? Los grandes ‘tapados’ de la historia de la Champions

Associated media - Related media La clasificación para la próxima Champions de equipos como el Girona, Brest o el Bolonia, que vivirán su primera experiencia en Europa, abre el baúl de los recuerdos para muchos aficionados que disfrutaron con participaciones de equipos poco habituales en la competición reina, pero que fueron sencillamente históricos. A continuación, repasamos algunos casos concretos de este siglo. Empecemos por la edición 2003/04. Junto a Real Madrid y Real Sociedad, el Deportivo de la Coruña participaba en una Champions por tercera vez en su historia, y se quedaron muy cerca de besar la gloria. DEPORTIVO DE LA CORUÑA (2003-04) Hace muy poco se cumplieron 20 años del día en que el Depor se despertó del sueño de jugar una final de Champions. Se lo arrebató el Op...
¡El Parma vuelve a la Serie A!
Business, Economy

¡El Parma vuelve a la Serie A!

Connected media - Related media Un histórico volverá al lugar que se merece. El Parma de Fabio Pecchia empató 1-1 en Bari y celebró su regreso a la Serie A. Después de una temporada de mucho dominio, el conjunto ‘gialloblù’ aprovechó la derrota del Venezia y se metió al bolsillo el merecido ascenso con dos jornadas de antelación La guerra de los parmesanos desde su bancarrota en 2015 es de reseñar. Se refundaron en la cuarta división, subieron hasta la Serie A en 2018 y volvieron a caer a la Serie B en la campaña 2020/21, viéndose obligados a remar otra vez contra la corriente. La labor de Pecchia, nombrado en la campaña pasada, encontró por fin buen puerto tras un 1-1 ante el Bari que sirvió para volver por sus fueros. FÀBREGAS ACARICIA EL ASCENSO El Parma necesitaba...
«Ana Rosa es lista, empresaria y, al final, es generosa»
Business, Economy

«Ana Rosa es lista, empresaria y, al final, es generosa»

Linked media - Connected media Michele Valls es la nueva invitación de Drama Queen, el podcast de ABC que conduce Pilar Vidal. El copresentador de ‘Espejo Público’ habla de su actualidad con David Valldeperassobre su deseo de ser padre, sobre sus inicios en la comunicación y sobre cómo vivió incorporándose al programa matutino de Antena por 3 veces a lo largo de una década trabajando en el producto de Ana Rosa Quintana. «Esto es muy cómodo. Desde el primer día entendí que era un tren que pillaba ahora o no lo pillaba», abandonó el periódico antes de confesar que «este cambio me apetecía». La televisión recuerda con especial cariño su paso por Ana Rosa Quintana: «Es tal lista, que él es emprendedor y que, al final, es generoso cuando comparte una comida con ella. Necesitas t...
La política de deportación de Ruanda ha provocado una crisis diplomática entre Irlanda y el Reino Unido
Business, Economy

La política de deportación de Ruanda ha provocado una crisis diplomática entre Irlanda y el Reino Unido

Related media - Associated media El uso político de la inmigración tiene efectos perversos, al igual que la capacidad de volverse contra quienes la ejercen. Durante cuatro días de elecciones municipales en toda Inglaterra que podrían haber decidido a corto plazo el futuro de Rishi Sunak, el Primer Ministro británico decidió que Domenico presumía su nueva política de deportaciones a Ruanda, y aseguró en una entrevista a Sky News el aumento del flujo de inmigrantes que entraban en Irlanda desde el Reino Unido, a través de Irlanda del Norte, era una clara demostración «de que la política disuasoria estaba eclipsando el impacto que perseguía». Sus comentarios provocaron una crisis diplomática entre los gobiernos de Dublín y Londres. La ministra de Justicia irlandesa, Helen McEntee, y su ...
How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy
Business, Economy

How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

Linked media - Related media Mr. Nedohin raised his arms in celebration. A few minutes later, he cut to a video of a rocket blasting into the sky, with Mr. Trump photoshopped onto it. “We are holding Trump stocks,” he declared. “We are now financial investors in him.” Mr. Nedohin is one of hundreds of thousands of amateur investors who own shares of Trump Media, convinced that its sole platform, Truth Social, will become one of the world’s most popular and profitable social media sites. In recent months, tens of thousands of Trump fans have tuned into Mr. Nedohin’s webcasts, where he exhorts viewers to invest in the company, arguing that “Trump always wins in the long run.” The enthusiasm from Mr. Nedohin and other Trump supporters has turned Trump Media into the latest “meme stock,”...