Blackstone reportedly buying a majority stake in Ancestry.com for $4.7 billion

Blackstone Group is taking a majority stake in DNA testing business Ancestry.com. The private-equity giant headed by billionaire Stephen Schwarzman is acquiring 75 percent of the family history research business for $4.7 billion, Bloomberg reports. The acquisition would be the first for Blackstone’s massive $25 billion private equity fund. The deal has been in the […]

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ByteDance Said to Offer to Sell TikTok’s U.S. Operations

ByteDance, the Chinese internet giant that owns TikTok, has offered to sell the American operations of the popular video app as a way to save its business from being banned by the Trump administration, a person with knowledge of the matter said on Saturday. President Trump had told reporters on Friday that he was considering […]

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No adrenaline buzz? No more choking? How no fans in the stands affects athletes

There is something eerie about the fans that appear on giant video screens surrounding the basketball court. They clap and shout in cyber-static fashion, like a scene from “Blade Runner.” Their cheering blares over loudspeakers. The NBA hopes this virtual crowd will pump life into empty arenas at the “bubble” in Orlando, Fla., where the […]

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Spotify’s quarterly loss widens despite soaring user growth

Music streaming giant Spotify deepened its loss in the second quarter, even as its total pool of monthly active users neared the 300 million mark. The Stockholm-based company said its net loss swelled to $418 million from a loss of $76 million a year earlier because of dried-up advertising and higher-than-expected payroll taxes linked to […]

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Hasbro expects its TV and movie production back by September

Giant toymaker Hasbro expects its film and TV unit eOne, which makes animated kids shows like “Peppa Pig,” to be fully back in business by September. Chief Executive Brian Goldner told analysts Monday that despite taking a second-quarter-hit from coronavirus-induced production delays, Hasbro will be able to restart work on its pipeline of 160 TV […]

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Bankrupt Brooks Brothers offered deal to sell for $305M

A shopping-mall giant and a brand-licensing firm have offered to buy Brooks Brothers out of bankruptcy for $305 million. Sparc Group LLC — a partnership between Authentic Brands Group and Simon Property Group, the nation’s largest mall operator — announced its bid late Thursday to acquire “substantially all” of Brooks Brothers’ global operations along with […]

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Whole Foods workers sue over alleged Black Lives Matter mask ban

More than a dozen workers sued Whole Foods after the grocery giant allegedly punished some of them for wearing “Black Lives Matter” face masks on the job. The 14 workers in four states say staffers were sent home without pay, formally disciplined or even fired for donning the masks in solidarity with the nationwide movement […]

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Cooking ribs in backyard smoker has become new passion for coaches

Two giant Texas-style beef plate ribs have been placed in the massive smoker in the backyard of Nick Garcia’s house in North Hills. He pushes a button to set the temperature to 285 degrees, and soon small pieces of red California oak being used as fuel produce rising blue smoke. The aroma is so intoxicating […]

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Illinoisans remember civil rights hero John Lewis: ‘Rest in power’ and ‘Make Good Trouble’

Illinoisans remember civil rights giant: Rep. Jan Schakowsky, D-Ill., with Rep. John Lewis, D-Ill., at a 2016 House sit-in added to the photo an iconic phase associated with him: ‘Make Good Trouble.” | photo courtesy Rep. Jan Schakowsky Rep. Lauren Underwood on Lewis: “I always felt an overwhelming sense that there was so much to […]

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John Lewis, Civil Rights Icon, Dies at 80

Congressman John Lewis, a giant in the civil rights movement, died on Friday, following a battle with pancreatic cancer. He was 80. The son of Alabama sharecroppers and last living member of the “Big Six” group of civil rights organizers who led the March on Washington, Lewis dedicated his life to service and activism, including […]

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NBCUniversal staffers brace for widespread layoffs

The axe is about to fall at media giant NBCUniversal to offset losses brought on by the coronavirus pandemic, The Post has learned. The New York-based broadcaster, home to “This Is Us” and “The Tonight Show Starring Jimmy Fallon,” is preparing broad-based layoffs that will hit its network employees especially hard, sources said. The scale […]

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In Coronavirus Vaccine Race, China Strays From the Official Paths

The offer to employees at the state-owned oil giant was compelling: Be among the first in China to take a coronavirus vaccine. The employees at PetroChina could use one of two vaccines “for emergency use” to protect themselves when working overseas as part of China’s ambitious infrastructure program, according to a copy of the notice, […]

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Netflix names Ted Sarandos co-CEO amid fears of slowing growth

Netflix said it tapped its longtime content chief Ted Sarandos to run the streaming giant alongside its founder Reed Hastings — just in time to deal with fears that growth will slow. Hastings said the promotion of the 20-year Netflix veteran — known for pushing the company to produce its own shows — won’t affect […]

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Bonnier taps new CEO amid deal to sell US publications

Bonnier, the 216-year-old Swedish publishing giant that owns Field & Stream, Popular Science and Saveur, has changed the CEO of its American operation as it nears a deal to sell off its US-based titles. Eric Zinczenko, a 14-year veteran of Bonnier Corp who has spent the past four years as CEO of the US unit, […]

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NEC’s new facial recognition system can spot workers with masks on

Japanese electronics giant NEC Corp. has rolled out technology at its Tokyo headquarters that can recognize employees’ faces even when they’re wearing masks. NEC is reportedly using the advanced facial recognition system in an experiment it started Monday that aims to reduce the amount of touching in its offices and stem the spread of the […]

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SiriusXM buys podcast service Stitcher for $325M

Satellite radio giant SiriusXM said Monday that it is buying podcasting platform Stitcher from broadcaster E.W. Scripps for $325 million. Sirius had been in talks for weeks to acquire the platform, which owns a handful of podcast networks that produce shows like “Freakonomics Radio,” “My Favorite Murder” and “Conan O’Brien Needs a Friend.” The deal […]

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Ubisoft shares sink after executives leave amid misconduct probes

Shares of French video-game giant Ubisoft tumbled Monday after three executives stepped down amid investigations of harassment and abuse. The maker of the “Assassin’s Creed” series saw its Paris-listed shares drop as much as 10 percent to 69.70 euros ($79.10) after it announced the departures Sunday of Chief Creative Officer Serge Hascoët and Yannis Mallat, […]

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Kanye West Congratulates Kim Kardashian on Billionaire Status | E! News

Yeezy is very proud of his wife for striking a deal with cosmetics giant, Coty that reportedly valued KKW Beauty at a billion dollars. Get the deets! Full Story: https://www.eonline.com/news/1166410/kanye-west-is-quot-so-proud-quot-of-kim-kardashian-for-quot-officially-becoming-a-billionaire-quot #KanyeWest #ENews #CelebrityNews #KimKardashian Subscribe: http://bit.ly/enewssub About E! News: The E! News team brings you the latest breaking entertainment, fashion and Pop Culture news. Featuring […]

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Executives, creditors feuding over Cirque du Soleil bankruptcy reorganization

There’s a battle brewing for control of entertainment giant Cirque du Soleil, The Post has learned. On Monday, the circus entertainer filed for bankruptcy protection in Canada, citing the coronavirus, which has forced it to cancel its shows around the world — leaving it unable to pay its debts. The company — known for its […]

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Coty pays $200M for 20% stake in Kim Kardashian brand KKW

Cosmetics giant Coty Inc. is doubling down on its investment in the Kardashian-Jenner clan. Shares of the Big Apple company jumped by more than 14 percent in early trading on Monday after it announced plans to sink $200 million into a 20-percent stake in Kim Kardashian’s four year-old KKW makeup brand. The deal calls for […]

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Shale-drilling giant Chesapeake Energy files for bankruptcy

Shale-drilling giant Chesapeake Energy filed for bankruptcy to get out from under a mountain of debt as the coronavirus pandemic hammered the energy industry. The Oklahoma City-based company is the biggest American oil and gas company to seek bankruptcy protection amid the COVID-19 crisis, which has kneecapped demand for fuel and caused oil prices to […]

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Verizon joins in on Facebook ad boycott

A Facebook ad boycott gathered more steam on Thursday, when telecom giant Verizon said it would pull ads in July over criticisms of the social media giant’s failure to monitor hate speech. The “Stop the Hate for Profit” campaign had already convinced Unilever-owned ice cream maker Ben & Jerry’s to join the campaign, as well […]

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Unilever to drop terms like ‘whitening’ from beauty products

Consumer products giant Unilever said Thursday it is aiming for a “more inclusive vision of beauty” in its skin care products and will remove words such as “fair,” “whitening” and “lightening” from its products, a move that comes amid intense global debate about race sparked by the Black Lives Matter movement. As part of the […]

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Starbucks adds Impossible Foods breakfast sandwich to menu

Starbucks is beefing up its breakfast menu — without the beef. The java giant added a sausage egg and cheese sandwich on Tuesday that uses a plant-based sausage patty from Impossible Foods. The new Impossible Breakfast Sandwich — priced at $4.95 to $5.25 — is part of the Seattle-based company’s commitment earlier this year to […]

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Massive Saharan Dust Cloud to Move Across Southeast U.S. This Week

A giant plume of Saharan dust on a 5,000-mile journey is expected to drift across the southeastern United States this week at altitudes between 20,000 and 30,000 feet, bringing enhanced sunrises and potentially suppressing storm formation. “Due to more sunlight being scattered by the dust particles, there will likely be more vibrant sunsets and sunrises […]

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