Bonnier, the Swedish media giant that early last year unveiled plans to sail away from most of the magazines it owns in the USA, has suddenly reversed course and plans to hang onto its boating titles that include Yachting and
Tag: giant
Google reaches agreement to pay French publishers for content
Google has reached a first-of-its-kind agreement to pay French publishers for web content. The search giant and French publishers’ lobby’s deal will pave the way for individual licensing agreements for French publications, and aims to provide a sustainable way for
Wow! Mega Millions jackpot now $970M; Powerball up to $730M
Thanks to math and bad luck, lottery players will have another shot at a giant jackpot Wednesday night as a $730 million Powerball prize is on the line. The Powerball jackpot is the fifth-largest ever, and it will come only
Fiat Chrysler, PSA shareholders clear $52 billion merger deal
Fiat Chrysler Automobiles and French car giant PSA are now less than two weeks away from merging into the world’s fourth-largest automaker. The companies said more than 99 percent of their shareholders voted Monday to approve their massive $52 billion
AT&T disappointed with offers for struggling DirecTV
AT&T’s attempt to unload DirecTV has been thrown into doubt, as the telecom giant has signaled it’s unhappy with the offers it has received for the struggling satellite-TV service, The Post has learned. Earlier this month, AT&T pushed back a
Unilever drops Facebook ad boycott after six months
Unilever is ending its boycott of Facebook ads. The consumer-products giant in June had suspended all of its spending on the social networking giant due to “the polarized atmosphere in the US,” saying at the time that running its ads
Ex-health care magnate Kent Thiry wants to fix democracy, starting in Colorado
Kent Thiry, former CEO of the dialysis giant DaVita, has given at least $5.9 million to Colorado ballot measures since 2011. | Rachel Woolf | KHN The former chief executive officer of dialysis giant DaVita has given at least $5.9
Reddit buys TikTok rival Dubsmash in video push
Reddit said it has acquired video-sharing platform Dubsmash, making it the latest social-media giant to mount a challenge to TikTok. Seven-year-old Dubsmash lets users create and share videos of themselves lip-syncing to songs or clips from movies. Reddit said it
Why We’re Talking About the California-Texas Rivalry, Again
And not long before that, the financial services giant Charles Schwab said it would move its headquarters from San Francisco to the Dallas-Fort Worth suburbs. Since both of those companies already had significant workforces in Texas, though, those moves were
DoorDash shares nearly double in stock market debut
DoorDash’s stock price nearly doubled in its first day of trading Wednesday as the food-delivery giant cashed in on a red-hot market for tech offerings. The San Francisco-based startup’s shares opened on the New York Stock Exchange at $182 a
Uber sells its self-driving car business for $4 billion
Uber is out of the self-driving vehicle game. The ride-hail giant on Monday announced that it sold its Advanced Technologies Group to self-driving car startup Aurora for $4 billion, ridding itself of a source of major cash burn. Along with
IKEA to stop publishing iconic catalog after 70-year run
Budget furniture giant IKEA said it has taken the emotional decision to end a seven-decade tradition and discontinue its catalog, one of the world’s biggest annual publications, as shoppers move online. The publication reached a peak in 2016, when more
Visa and Mastercard to Investigate Financial Ties to Pornhub
Visa and Mastercard, the giant payments processing companies, said they would investigate their financial links to MindGeek, the parent company of the adult website Pornhub, after the New York Times columnist Nicholas Kristof reported that the website included videos of
Jupiter and Saturn Head for Closest Visible Alignment in 800 Years
For months, Saturn and Jupiter have appeared to be courting, as the giant celestial bodies have gradually drawn nearer in the night sky. Over the next two weeks, as their orbits align more closely, the planets will pull closer until
Roald Dahl’s family quietly issues apology for late author’s anti-Semitism
The family of Roald Dahl, who penned the children’s classics “Matilda” and “James and the Giant Peach,” has quietly apologized for the late writer’s “prejudiced” anti-Semitic comments. Dahl, who died at age 74 in 1990, had made offensive declarations in
A Gathering Political Storm Hits Georgia, With Trump on the Way
But well-heeled Republicans have erased much of the Democrats’ financial advantage with giant donations to a super PAC that raised $70 million in less than three weeks from a who’s who of Republican megadonors, including Stephen Schwarzman of Blackstone ($15
Buyout firm Thoma Bravo launches $750 million SPAC in search of tech deal
Private equity giant Thoma Bravo is marketing a $750 million “blank check” company — and pivoting from its usual business model in order to invest in a fast-growing tech startup, a source close to the situation told The Post. Chicago-based
Meredith braces for union battle at EW, Martha Stewart, Shape, People TV
Publishing giant Meredith is bracing for a union battle. The News Guild of New York said more than 90 percent of the editorial staff at Entertainment Weekly, Martha Stewart Living, Shape and People TV have opted to be represented by
Meredith taps digital exec Catherine Levene, 1st woman to lead its mags
For the first time in its 119-year history, media giant Meredith Corp. has tapped a female executive to lead the nation’s largest magazine division, with titles that include People, Better Homes & Gardens and Martha Stewart Living. Catherine Levene, 50,
Salesforce is buying workplace chat app Slack for $27.7 billion
Cloud-computing giant Salesforce on Tuesday said it will acquire popular workplace messaging platform Slack for $27.7 billion. The cash-and-stock deal — one of the largest ever for a software company — will see Slack shareholders receive $26.79 in cash and
Salesforce reportedly in talks to buy Slack — despite CEO denial
Cloud-based software giant Salesforce reportedly is in advance talks to buy messaging app Slack — just months after Salesforce’s billionaire boss Marc Benioff denied he was interested in making any acquisitions. San Francisco-based Salesforce sees Slack as a logical extension
Wall Street’s rise from pandemic lows has further to go, say strategists: Reuters poll
© Reuters. FILE PHOTO: A sign for Wall Street is seen with a giant American flag in the background across from the New York Stock Exchange By Caroline Valetkevitch NEW YORK (Reuters) – The is poised to climb 9% between
Wall Street’s rise from pandemic lows has further to go, say strategists: Reuters/Ipsos poll
© Reuters. FILE PHOTO: A sign for Wall Street is seen with a giant American flag in the background across from the New York Stock Exchange By Caroline Valetkevitch NEW YORK (Reuters) – The is poised to climb 9% between
Tiffany beats profit forecasts as China, online sales soar
Tiffany & Co., which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on Tuesday as the US jeweler benefited from an over 70 percent rise in sales in China and a recovery in
Thailand’s Protests Shatter Taboos, but So Far Produce Little Change
BANGKOK — In unison, antigovernment protesters on Wednesday called the King of Thailand a giant monitor lizard, one of the worst things that can be said of anyone in Thai, and spray-painted bus stops and pavement in the capital’s central
Twitter debuts ‘fleets’ function for tweets that disappear in 24 hours
Twitter is starting to look a lot more like Instagram. On Tuesday, the social-media giant is rolling out a new function called fleets, which allows their users to publish temporary musings, which will then go away in a short amount
Fed probe of Tesla camera failures could lead to recall
US safety regulators are continuing their investigation into complaints that Tesla’s giant touch screens can fail and cause the cars to lose the rear camera display and other functions. The National Highway Traffic Safety Administration’s report says about 159,000 cars
Uber reportedly in talks to sell its autonomous vehicle business
Uber may be close to waving the white flag on its autonomous driving ambitions. The ride-hail giant is reportedly in talks to sell its Advance Technologies Group — which has been beset by infighting and setbacks — to self-driving car
Home Depot to retake control of HD Supply Holdings in $8 billion deal
Home Depot said it plans to buy industrial wholesale giant HD Supply Holdings for about $8 billion, setting itself up to regain control over the industrial material wholesaler after spinning it off over a decade ago. The hardware store chain said
PNC to buy Spanish bank BBVA’s US business for $11.6 billion
American bank PNC has reached a deal to buy Spanish finance giant BBVA’s US business for $11.6 billion, the companies announced Monday. The cash acquisition will expand Pittsburgh-based PNC’s retail presence while pulling BBVA out of the US altogether in