Reuters

(Reuters) -Skydance Media is accusing Paramount Global's special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday.

Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports

Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion late Monday for Shari Redstone’s National Amusements, the controlling...

Paramount special committee extends Skydance ‘go shop’ period as it reviews Bronfman offer

In a dramatic turn in the battle for control of Paramount Global, veteran media executive Edgar Bronfman has increased his offer to $6 billion to acquire the controlling interest held by National Amusements, as well as a minority stake in Paramount. This revised bid, reported by Reuters, significantly surpasses Bronfman’s previous offer of $4.3 billion.

Bronfman Ups Ante to $6 Billion in Paramount Battle, Skydance Deal at Risk

New York Post

Artificial intelligence could render many jobs such as cashiers and drivers obsolete — leading to widespread social unrest, according to a senior Wall Street finance executive.

Armen Panossian, a co-CEO of the Los Angeles-based investment firm Oaktree Capital Management, told Bloomberg News that AI poses “the biggest risk” because while it “clearly has the potential for very large economic gains,” it will also have “societal impacts.”

“Millions of people could be out of jobs. So who’s going to retrain those people?” Panossian told Bloomberg News.

“If we don’t figure that out, there could be social unrest.”



I asked AI to help with dinner and...

Top Wall Street exec predicts ‘social unrest’ due to AI: ‘Millions of people could be out of jobs’

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Herbie J Pilato

It's been eight years since former TV child star Sawyer Sweeten, best known from Everybody Loves Raymond, died tragically by suicide at only 19 years old. Sawyer Sweeten, his twin brother Sullivan Sweeten, and their older sister Madylin, played Ray Romano's TV children on Everybody Loves Raymond, the Emmy-winning sitcom that originally aired on CBS 1996 to 2005.

The Tragic Suicide of Former TV Child Star Sawyer Sweeten ('Everybody Loves Raymond'): 9 Years Later

Warren Buffett has led the Berkshire Hathaway investment company to market-crushing returns since 1965. Berkshire owns a number of private companies, but it also acquired stakes in several public companies, including Apple. Berkshire is currently valued at $922 billion, and it could become the first American non-technology company to reach...

1 Unstoppable Stock Set to Join Nvidia, Apple, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club

Detroit, MI

United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon. Fain accused the chief executive of price gouging consumers and failing to uphold parts of the union's labor contract with the automaker. The comments are the latest in an ongoing back-and-forth...

UAW president slams Stellantis CEO over job cuts, alleged price gouging

Fortune

For 89 years Tyson Foods was a family affair—but nobody could protect scion John Randal from his worst instincts.

The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that

Nvidia is the market leader in data-center GPUs and AI processors, and its CUDA software affords the company a virtually unassailable competitive moat. Nvidia has historically launched new GPU architectures every two years, but the company will push its product roadmap to a one-year rhythm after 2024. Wall Street expects...

1 Stock-Split AI Stock to Buy Before It Soars 260% to $10 Trillion, According to Certain Wall Street Analysts

Los Angeles County, CA

It's been nine years since actor/writer/producer Jack Larson died of unknown causes at 87 in 2015. He initially found fame with his portrayal of the original Jimmy Olsen in classic TV's syndicated sci-fi superhero series, Adventures of Superman (1952-1958). Larson also happened to be openly-gay in the sometimes closeted-world of Hollywood. This is his story.

The Not-So Secret Gay Life of 'Superman' TV Actor Jack Larson: 9 Years After His Demise at 87

When much of human activity moved online during the height of the pandemic, tech companies were thriving. Call it the COVID tech bubble. Now we've hit the COVID tech bust. By the second half of 2022, tech companies had initiated significant layoffs — something that had followed an extended period of frenzied tech hiring and attention to employee experience. Standard explanations for the cuts were that companies hired too many during the pandemic and they were looking at the specter of a recession in the months ahead. It sounds a lot like the dot-com boom and bust of yore. Not all companies are impacted equally. It's the ones that hired at an accelerated rate during the boom that seem to be hitting the brakes right now.

Tech Company Layoffs: The COVID Tech Bubble Bursts

NewsNinja

"They get more than us, Why nobody told me about this?". If you're looking for a tasty option that won't break the bank, a Chick-fil-A's kids' meal might be just what you're after. It seems like a great deal. In fact, some people argue it's a better deal than a regular adult meal. This TikToker took the audience through the ins and outs of this meal.

Chick-fil-A customer says they’ll never order a full meal again after seeing kids’ meal

The Guardian

Couple reduced dividends to £2.5m in 2023 after profits were hit by higher operating costs at their core group

Jamie Oliver and wife cut their payouts by two-thirds compared with 2022

After winning a legal battle against the SEC for Bitcoin ETFs, the asset manager Grayscale is facing an exodus of investor capital.

A Goldman Sachs and BlackRock vet is now CEO of crypto giant Grayscale. Is he up to the job?

Fox Business

Executives' discussions about the presidential election during earnings calls are up compared to four years ago amid uncertainty over the direction of federal policies.

US executives 2024 election talk rises amid policy uncertainty

Tony Roma’s has appointed interim CEO Mohaimina 'Mina' Haque to the permanent post the company said Thursday in a press release. Haque was appointed interim CEO in June and was already focused on strategies to attract more customers, redefine the company’s Environmental, Social and Corporate Governance initiatives and prepare the company for future growth, according to the press release.

Tony Roma’s names permanent CEO

Straight Arrow News SANcom

After a messy succession attempt saw Bob Iger return to Disney, the company hired Morgan Stanley's former CEO to oversee the next effort.

After a failed first attempt, Disney launches round 2 of replacing Bob Iger

As the star of TV's Dr. Kildare (NBC, 1961-1966), Richard Chamberlain was a heartthrob for millions of female fans in America and the world. Decades later, the actor transformed into the charismatic king of TV-mini-series with acclaimed productions like the originalShogun (NBC, 1980), and The Thorn Birds (ABC, 1983, in which he played a sexually repressed priest).

The Once Secret Gay Life of Actor Richard Chamberlain ('Dr. Kildare'): 21 Years After He Came Out

Business Insider

Official Partners found success by catering to the top of the residential market. Its connection to star broker brothers could be its downfall.

First came the accusations of rape. Now 3 owners of the Alexander brothers' beleaguered brokerage firm are jumping ship.

TheStreet

Seven & I, parent of 7-Eleven, is in talks with Canada’s Alimentation Couche-Tard.

7-Eleven parent company on verge of mega merger

NewsBreak

Paramount Extends Skydance Merger Deal Date To Consider Competing Bid [UPDATED: Skydance Responds]

THURSDAY UPDATE: Skydance threatens to pull out of deal. Skydance is making it clear they are not happy Paramount has extended their deal deadline to consider...

Paramount Extends Skydance Merger Deal Date To Consider Competing Bid [UPDATED: Skydance Responds]

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