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Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia

Author January 14, 2025

Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the

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Categories Business

IAC approves spinoff of home improvement marketplace Angi

Author January 14, 2025

Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction

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Categories Business

Microsoft CEO Nadella forms new AI group to build and run apps for customers

Author January 14, 2025

Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new group

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Categories Business

Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal

Author January 13, 2025

WASHINGTON — The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for

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Categories Business

McDonald’s to close three CosMc’s locations — and open two more

Author January 12, 2025

McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a year

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Categories Business

Chuck E. Cheese makes a comeback, with trampolines and a subscription program

Author January 12, 2025

Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and

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Categories Business

Meta announces end of its DEI programs. Read the memo.

Author January 11, 2025

Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse

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Categories Business

Vince McMahon settles with SEC over hush money agreements as civil assault case continues

Author January 11, 2025

The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation

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Categories Business

Disney, Fox, Warner Bros. Discovery call off Venu sports streaming service

Author January 10, 2025

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday. “After careful

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Categories Business

Microsoft confirms performance-based job cuts across departments

Author January 10, 2025

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus

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