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Weber
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Weber shares tank as grill maker announces CEO departure

Weber shares tank as grill maker announces CEO departure Via CNBC.com: Weber shares tumbled roughly 13% Monday after the grill maker abruptly said CEO Chris Scherzinger is departing amid waning demand for its products in stores and online. The Palatine, Illinois-based company also suspended its quarterly cash dividend and said it is committed to working with lending partners to remain in compliance with its credit facilities. Weber named Chief Technology […]

today07/26/2022 29

Ghost Gun
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UPS Stops Doing Business With “Ghost Gun” Retailers, Threatens To Destroy Shipments

UPS Stops Doing Business With “Ghost Gun” Retailers, Threatens To Destroy Shipments Via Concealednation.org: United Parcel Service is terminating the accounts of gun dealers across the country. Any packages currently in the UPS system may be “seized and destroyed.” In a letter sent to one Florida gun dealer, Ghost Firearms, UPS said they were terminating the account because they “may be violating” laws concerning homemade firearm parts. “We write to inform you that […]

today07/04/2022 14

Bob Chapek
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Disney extends CEO Bob Chapek’s contract by three years

Disney extends CEO Bob Chapek’s contract by three years Via CNBC.com: Disney has extended CEO Bob Chapek’s contract for three years, the company announced Tuesday. Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The board, which met Tuesday in Florida, voted unanimously to extend Chapek’s tenure to July 2025. “Disney was dealt a tough hand by the […]

today06/28/2022 30

Holiday weekend
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Holiday weekend sees massive amount of flight cancellations

Holiday weekend sees massive amount of flight cancellations Via CNBC.com: Thousands of flights wound up cancelled and delayed during the Juneteenth and Father’s Day holiday weekend, which included the busiest air travel day of the year on Friday, according to the TSA. More than 2.4 million people traveled through TSA checkpoints on Friday, according to the agency. The same day, airlines had cancelled more than 1,100 flights by early afternoon, following more […]

today06/19/2022 28

Airbnb
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Airbnb is closing its domestic business in China, sources say

Airbnb is closing its domestic business in China, sources say Via CNBC.com: Airbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the country as early as Tuesday morning in Beijing.  All mainland Chinese listings — homes and experiences — will be taken down by this summer. Airbnb formally launched its mainland China business in 2016 […]

today05/23/2022 13

Under Armour
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Under Armour CEO Patrik Frisk to step down, interim chief to take over June 1

Under Armour CEO Patrik Frisk to step down, interim chief to take over June 1 Via CNBC.com: Under Armour said its president and chief executive officer, Patrik Frisk, will be stepping down, effective June 1, as the sportswear retailer searches for a replacement. In the interim, current Chief Operating Officer Colin Browne will serve as president and CEO, the company said Wednesday in a press release. Frisk is expected to […]

today05/18/2022 24

Netflix
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Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus

Netflix Hit with Shareholder Lawsuit Alleging Executives Misled Investors Amid Subscriber Exodus Via Breitbart: As its stock tanks and its subscribers continue to flee, Netflix is now facing a shareholder lawsuit accusing the left-wing streamer of misleading investors about the difficulties the company was experiencing in retaining customers. The lawsuit, which was filed Tuesday in a northern California federal court, covers Netflix shareholders who bought the stock between October 19, 2021 […]

today05/05/2022 13

CNN+
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CNN+ will shut down April 30, just one month after launch

CNN+ will shut down April 30, just one month after launch Via CNBC.com: Warner Bros. Discovery is shutting down CNN+ on April 30, just weeks after the stand-alone streaming service launched. “This is not a decision about quality; we appreciate all of the work, ambition and creativity that went into building CNN+, an organization with terrific talent and compelling programming,” Chris Licht, chairman and CEO of CNN Worldwide, said in […]

today04/22/2022 11

Disney self-government
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Florida Gov DeSantis pushes to end Disney self-government

Florida Gov DeSantis pushes to end Disney self-government Via AP News: Florida Gov. Ron DeSantis on Tuesday asked the Legislature to repeal a law allowing Walt Disney World to operate a private government over its properties in the state, the latest volley in a feud between the governor and the entertainment giant over what critics have dubbed the “Don’t Say Gay” law. DeSantis, an ascendant GOP governor and potential 2024 […]

today04/20/2022 14

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