Hometown Business | Phoenix News and Talk

ames Murdoch Joins SPAC Frenzy, Seeks to Raise $345 Million

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren #business-all Murdoch is teaming with former STAR India CEO Uday Shankar on a SPAC focused on south Asia. James Murdoch is getting in on the SPAC frenzy that has taken over Wall Street over the pa...

FedEx Ground to hire 3,000 people in Atlanta

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren #business-all FedEx Ground announced Monday it plans to hire 3,000 people in the Atlanta area to meet growing delivery demands from online shopping. The company said its biggest nee...

Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 for the first time

Ryan Browne | CNBC.Com Troy Warren #business-all KEY POINTS – Ether, the world’s second-largest cryptocurrency, rose nearly 7% over the last 24 hours to a record high of $4,141.99. – Once in bitcoin’s shadow, ether has seen parabolic gains r...

Reddit “WallStreetBets” Traders Go Wild After AMC Theatres CEO Embraces Their Ownership: “He’s Totally Onboard”

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren #business-all Adam Aron bets that online enthusiasm will help keep the exhibition giant afloat until the pandemic wanes. “Just go on Twitter, just go on Reddit, just go on YouTube, read what these p...

Amazon plans 1,000 jobs at center near Savannah

By Andy Peters, The Atlanta Journal-Constitution Troy Warren #business-all Amazon plans to build a fulfillment center in the Savannah area, creating about 1,000 full-time jobs. The $260 million facility will be Amazon’s 12th fulfillment center in...

US job growth slows sharply in sign of hiring struggles

By CHRISTOPHER RUGABER, Associated Press Troy Warren #business-all #picks-all America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economi...

Cinemark Reports $208M Loss, Says “We Are Now Actively on the Road to Recovery”

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren #business-all The cinema giant reports its latest results, with CEO Mark Zoradi saying: “We are highly optimistic about theatrical exhibition’s resurgence in the U.S. over the coming months on acco...

Why Many of Hollywood’s Top Execs Saw Pay Rise During a Pandemic Year

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren #business-all Entertainment and media leaders often saw compensation climb in 2020, buoyed by non-salary sources like stock and option awards. The pandemic hit many media and entertainment giants...

Meredith Sells Local TV Stations to Gray Television for $2.7 Billion

BY ETAN VESSING | HollywoodReporter.Com Troy Warren #business-all Meredith Corp. has reached an agreement to sell its local TV stations, or its Local Media Group, to Gray Television for $2.7 billion. The company’s national media division inclu...

Topic Studios, Audible Strike Podcast Production Deal (Exclusive)

by Etan Vlessing | HollywoodReporter.Com Troy Warren #business-all The slate development agreement aims at four new Audible Original podcasts, starting with ‘The Messenger,’ about a newly-radicalised Islamic in the wake of London’s 7/7 bombings....

Verizon Selling Yahoo, AOL and Media Assets for $5B to Private Equity Firm Apollo

by Alex Weprin | HollywoodReporter.Com Troy Warren #business-all Verizon will retain a 10 percent stake in the company, which will be called Yahoo. Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remain...

Liberty Global CEO Michael Fries’ 2020 Pay Falls to $44.9 Million

by Etan Vlessing | HollywoodReporter.Com Troy Warren #business-all The head of John Malone’s international cable giant, which owns Virgin Media, earned $123.2 million in 2019, mostly from performance-based stock awards as part of a front end-loa...

Warren Buffett’s firm reports $12B profit before its meeting

By JOSH FUNK, Associated Press Troy Warren #business-all Warren Buffett’s company reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pan...

Eli Broad, Billionaire Entrepreneur Who Reshaped Los Angeles, Dies at 87

by the Associated Press | HollywoodReporter.Com Troy Warren #business-all Broad provided much of the money and willpower used to reshape Los Angeles’ once moribund downtown into a burgeoning area of expensive lofts, fancy dining establishments a...

McDonald’s comes roaring back as restrictions ease

By The Associated Press Troy Warren #business-all #foodie-all The bounceback for McDonald’s as restrictions were lifted across the U.S. was so strong in the first quarter that the company surpassed sales during the same period even in 2019, long bef...