Viacom Inc, the New York City based broadcasting and media company said it will trim the number of TV advertisements aired through its channels in order to perk up the ratings. However, the move by the owner of popular channels like Nickelodeon, MTV and Comedy Central and has criticism which says the decision will affect ad prices by increasing them.
Although the relationship of Airbnb with some cities has been confrontational at times but the home rental service is making an effort to extend its olive branch. Airbnb posted a Community Compact which vows to carry on an improved relationship with the cities it operates in.
William A. Ackman's Pershing Square Capital Management has not performed very well this year and for that the hedge fund has attracted snide remarks from the press.
On Monday, the Mr. Ackman, the billionaire investor used a conference call with the investors to get-back at the media and all those who according to him, enjoyed "betting against" him.
Reportedly, Pfizer Inc and Allergan Plc, the two drug makers are considering combining which may lead to the largest merger in the healthcare industry.
The report citing sources with knowledge of the matter said on Wednesday that, Pfizer recently approached Allergan, the maker of Botox regarding the deal.
On Tuesday, Crédit Agricole SA, the French bank agreed to pay $787 million to settle the allegations from the U. S. authorities that it handled illegal transactions in connection to Sudan, Cuba, Iran and Myanmar. It is the most recent European lender which is caught up in an onslaught of cleaning spree, related to sanctions violations.
Four Days After Oscar Munoz Suffered Heart Attack; United Airlines named General Counsel Brett Hart as Acting CEO
Four days after Oscar Munoz, the CEO of United Continental Holdings Inc. suffered a heart attack; the company named appointed an interim leader to fill his place and that is raising questions about, if the top official of United will return in the future.
On Friday, a source with knowledge of the matter said that the new CEO of United Continental Holdings Inc., Oscar Munoz suffered a heart attack. It has hardly been a month since he took on the position and the task of improving profitability and reputation of the airline which has suffered in the recent years.
Federal Reserve Policymakers Say Division in Opinion Over Rate Hike among the Officials is Being Exaggerated
On Thursday, one of the Federal Reserve officials said that the Fed policymakers might not be divided as much as it may seem. They are by and large working with the same structure to decide, the perfect time for raising the interest rates. According to another official, the opinion difference reflects the economic data that's vacillating.
Ralph Lauren, the American designer announced on Tuesday that he will step down as chief executive officer of Ralph Lauren Corp., headquartered in the New York City.
Mr. Stefan Larsson, the Global President of Old Navy, Inc., a division of The Gap has been named to take over as a new CEO with effect from November.
Verizon takes up a Bold Digital Strategy Venturing into Content Production and Advertisement Platform
Verizon is no longer contented to be simply a wireless provider. With its wireless business reaching a flat terrain, the company is making new moves, reinventing itself. It is now venturing into new horizons with becoming a content producer and an ad platform too.
Multiple reports say that Altice, the Luxembourg-based telecom and Cable Company agreed to acquire Cablevision. The deal will value to $18 billionreportedly.
Most of times Amazon has made headlines with its good performance, drone delivery or new tactics to improve sales. But this time the company has come under scrutiny for a reason that will not be considered very pleasant by most. It's how the Seattle, Washington based online retailer handles its employees.