Oil prices rose back above $100 and stocks sank Thursday as Iran’s attempts to hit supplies in the Middle East and bring down the global economy overshadowed a record release of strategic crude reserves by the International Energy Agency. Stock markets in Asia closed down Thursday and European markets opened with losses as investors saw … Read more
1m ago UAE says it is intercepting new “missile and drone attacks” from Iran The United Arab Emirates said it was deflecting a new round of missiles and drones launched by Iran on Wednesday morning. “The UAE’s air defenses are currently dealing with missile and drone attacks originating from Iran,” the country’s Ministry of … Read more
Live Nation, the owner of Ticketmaster, has reached a settlement with the DOJ in a major antitrust case. The U.S. government has accused the company of having a monopoly over tickets to live events. But a legal analyst explains the settlement doesn’t automatically mean cheaper tickets for consumers. Source link
0m ago U.K. maritime authority says cargo ship in Persian Gulf reported a splash and a “loud bang in close proximity” A ship likely came under Iranian attack in the Persian Gulf on Tuesday, off the coast of the United Arab Emirates’ capital, according to an advisory from the British military’s maritime trade authority. … Read more
Less than a week into a trial over Live Nation’s alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal. Source link
Live Nation, the parent company of Ticketmaster, has agreed to pay $280 million in civil penalties to 40 states that sued the company on antitrust grounds. As part of the settlement, Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers, multiple sources told CBS News. Yasmin Khorram, … Read more
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice to settle charges that the entertainment company’s dominance in the event ticket business undermined competition and hurt consumers. Under the settlement, Live Nation agreed to pay $280 million in civil penalties to 40 states that sued the company over … Read more
The move spares the concerts-and-ticketing giant from the threat of its business being broken up. Source link
Energy Secretary Chris Wright said Sunday that the “period of elevated energy prices” will be temporary, “but it will not be long,” as the Iran war continued into a second week. Oil and gas prices “shouldn’t go much higher than they are here because the world is very well supplied with oil,” Wright said on … Read more
10m ago Sen. Dick Durbin: “He was a force in politics” Illinois Senator Dick Durbin called Jackson a “force in politics” as he stopped to reflect on his way into House of Hope. “When you think of the people that he inspired to public service and to help others, the legacy is still there … Read more