Author: Press Room

Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board.Peltz spoke on CNBC’s “Squawk on the Street” on Thursday, making his case for the fight his firm has picked with Disney, raising issues with Disney’s $71 billion acquisition of Fox in 2019 and how the company has eroded shareholder value in recent years.”Fox hurt this company. Fox took the dividend away. Fox turned what was once a pristine balance sheet into a mess,” Peltz said Thursday.On Thursday, the activist firm filed a preliminary proxy statement looking to put Peltz…

Sanjeev Gupta’s Liberty Steel is to cut production and idle some of its smaller plants in a restructuring that threatens 440 jobs, deepening the crisis in Britain’s steel industry. Under the plan, Liberty Steel, which is part of Gupta’s GFG Alliance, will focus on its high-grade steel production sites at Rotherham, Stockbridge and Brinsworth in Yorkshire for aerospace and energy customers. Production at Rotherham’s electric arc furnace, however, will be reduced and replaced with imports from abroad. High energy costs were making the production of cheaper grade products uncompetitive, the company said on Thursday.Two of Liberty’s downstream production units, including…

Jamie Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase on Thursday shut down the website for a college financial aid platform it bought for $175 million after alleging that the company’s founder created nearly 4 million fake customer accounts.The country’s biggest bank acquired Frank in Sept. 2021 to help it deepen relationships with college students, a key demographic, a Chase executive told CNBC at the time.JPMorgan touted the deal as giving it the “fastest-growing college financial planning…

A woman, 42, and two men aged 20 and 17 respectively have now been held suspicion of conspiracy to commit murder and the attempted murder of the victim in Greater ManchesterPolice have arrested three people after a man was stabbed in an Aldi supermarket car park. The 62-year-old was stabbed four times at the Aldi store near Salford Precinct in Greater Manchester, on December 10 and remains in intensive care. A woman, 42, and two men aged 20 and 17 respectively have now been held suspicion of conspiracy to commit murder and the attempted murder of the victim. Police allege…

As Prince Harry sets sales records with his new memoir, Spare’s ghostwriter, J.R. Moehringer, is speaking out amid claims that the tell-all has factual errors. “The line between memory and fact is blurry, between interpretation and fact,” a quote shared by Moehringer via Twitter on Wednesday, January 11, reads. “These are inadvertent mistakes of those kinds out the wazoo.” Shutterstock The Tender Bar author included a link to Mary Karr’s The Art of Memoir, where he pulled the quote – and others — from. “Neurologist Jonathan Mink, MD, explained to me that such intense memoirs … we often record the…

Mattel is giving preschoolers a new age-appropriate Barbie doll that it says is better suited for their needs. The doll, called “My First Barbie,” is specifically created for kids three years old and older, said Lisa McKnight, executive vice president and global head of Barbie and dolls for Mattel. The age range for the original Barbie fashion dolls is for kids 3 and up. “We talk to parents and kids almost every day. Interestingly, what came up more and more from parents who grew up with Barbie themselves was that they wanted a Barbie doll that was easier to play…

KLUANG, Johor: Two elephants entered a housing area in the Kluang district in Malaysia’s Johor state on Wednesday (Jan 11) night, leaving about 2,000 people in the neighbourhood concerned over the mammals’ possible return.  An 83-year-old resident, M Pavayee Ammah, said she only realised the presence of an adult elephant and her calf after hearing a noise that sounded like a stampede in front of her house. She went to check what was happening and was shocked to see two elephants crashing into the fence of the house, with other residents trying to chase the animals into a nearby forest. “I…

Backstage at Vogue’s annual Forces of Fashion event last Fall, Stella McCartney arrived for her panel on the changing beauty landscape just as Xiye Bastida, the charismatic climate activist, was finishing hers. Bastida headed to the green room, which is where the two women crossed paths. They hugged. “I’m so excited to work with you,” McCartney said to the 20-year-old, ahead of an as-yet-unannounced initiative tied to her new, sustainable STELLA skincare launch. The interaction was brief, and McCartney was mum on any further collaboration details. But today, she’s ready to do some talking. “I’ve never not approached things differently in my entire career, so…

Ashley Tisdale is sharing that she has struggled with hair loss from alopecia because she wants others with the condition to know that they are not alone. The “High School Musical” alum spoke in an Instagram video on Jan. 11 about her experiences with alopecia, an autoimmune condition that causes hair loss. Tisdale, 37, said she was diagnosed by her dermatologist with alopecia in her early 20s after noticing some loss near the middle of her hairline.”It’s autoimmune and a lot of it’s triggered by stress, and I was going through a really stressful time,” she says in the video.…

Sam Bankman-Fried, the former crypto star turned alleged white-collar criminal, has spoken out for the first time since his arrest last month, publishing a lengthy blog post that appears to lay out his defense against fraud charges. “I didn’t steal funds, and I certainly didn’t stash billions away,” he writes in a newly launched Substack. Bankman-Fried is under house arrest at his parents’ home in Palo Alto, California, while awaiting trial. He pleaded not guilty to multiple federal counts of fraud and conspiracy related to the collapse of his crypto empire. In what he calls a “pre-mortem overview” of FTX’s…