Live Nation CEO Michael Rapino took the stand for several hours in Manhattan federal court in a high-stakes antitrust trial, where he pushed back on accusations that the company illegally monopolizes live concerts in the U.S. The case was originally brought by the Department of Justice and dozens of state attorneys general. However, the federal … Read more
The executive was questioned about past comments boasting of the concert promoter’s dominance and profitability. Source link
Josh D’Amaro will become the new CEO of the Walt Disney Co. on Wednesday, succeeding longtime chief executive Bob Iger at the helm of the century-old media and entertainment company. D’Amaro, 55, will officially start as CEO after Disney’s annual shareholder meeting, scheduled for 1 p.m. ET today. He steps into the lead role after … Read more
The Strait of Hormuz sees roughly 20% of the world’s oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins “The Takeout” with analysis. Source link
Former Starbucks chief executive Howard Schultz said in a LinkedIn post that he and his wife are moving from Seattle to Florida after more than four decades in the city, where he helped build the coffee chain into a global brand. His announcement comes as Washington state lawmakers advance a so-called millionaire tax that would levy a … Read more
As the war with Iran causes the price of oil to skyrocket, the CEO of United says that it could soon affect airline prices. Clint Henderson, managing editor for travel website The Points Guy, joins to discuss. Source link
“It’s been a long time since we’ve had a bad event,” said Lloyd Blankfein. “It’s been 17 years since the financial crisis.” The former CEO of Goldman Sachs, who led the bank through that historic crisis, says it happened before, so it’ll happen again. “Think of it as kindling on the floor of a forest,” … Read more
A federal judge ruled Saturday that Kari Lake, President Trump’s choice to lead the U.S. Agency for Global Media, did not have legal authority to take the actions she’s done to largely dismantle the Voice of America. The decision’s effect on VOA operations was not immediately clear. Voice of America, which has transmitted news coverage … Read more
Travelers could soon see a rise in U.S. airfares as rising global oil costs due to the Iran war boost the cost of jet fuel. Speaking at an industry event on Thursday, United Airlines CEO Scott Kirby said rising fuel costs will have a “meaningful” impact on the carrier’s financial results this quarter, CNBC reported. He also … Read more
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