News

Khalaf Named MetLife CEO

NEW YORK — MetLife has named Michel Khalaf, president, U.S. Business and EMEA, will become MetLife’s president and chief executive officer on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1. Steven Kandarian, who is retiring, will continue to serve as chairman, president and CEO through April 30, 2019. […]

News

IBM CEO to Deliver CES Keynote

Ginni Rometty — Chairman, President and CEO of IBM — will deliver the opening keynote at CES 2019 on Tuesday, Jan. 8 in Las Vegas. CES (formerly known as the Consumer Electronics Show) is the largest and one of the most influential technology events in the world. Rometty will speak on how technologies like artificial […]

Media News

Oath is Dead

Oath, the bizarre name given to Verizon’s digital media subsidiary, is losing its name next year and will officially become Verizon Media Group on January 8, 2019. Oath was formed on June 23, 2017 when Verizon purchased Yahoo for $4.48 billion. It merged the Internet site with its own content division that included AOL, Techcrunch […]

Magazine News

Meredith Selling Fortune for $150 Million

DES MOINES, Iowa  and NEW YORK — Meredith Corporation is selling the FORTUNE media brand and business magazine for $150 million cash to Fortune Media Group Holdings Limited, wholly owned by Thai businessman Chatchaval Jiaravanon. The transaction is expected to close later this year. Mr. Jiaravanon’s family owns Thailand’s Charoen Pokphand Group (www.cpgroupglobal.com), an international conglomerate […]

Music News

Billboard Names Ariana Grande Woman of the Year

NEW YORK — Music news magazine Billboard has named Ariana Grande its 2018 Woman of the Year. The award-winning singer, songwriter, actress and activist will accept the honor at the 13th annual Women in Music dinner and awards ceremony on December 6 in New York City. The event, held in conjunction with the release of […]

News

Woodward Trump Book Sets Sales Records

NEW YORK — Publisher Simon & Schuster announced that Bob Woodward’s FEAR: TRUMP IN THE WHITE HOUSE sold a total of more than 750,000 copies through Tuesday, September 11, the first day the book went on sale.  The combined sales figure includes pre-orders and first day sales of print books, ebooks, and audiobooks in both […]

News

AT&T Completes Time Warner Buy

AT&T has completed its $85 billion acquisition of Time Warner Inc., just two days after a federal judge ruled against objections to the deal by the Department of Justice. The deal brings together global media and entertainment leaders Warner Bros., HBO and Turner with AT&T’s strong presence in technology and its video, mobile and broadband […]

News

Starbucks Launches Prepaid Card With Chase

Starbucks has partnered with Chase to launch a new prepaid debit card. The Starbucks Rewards Visa Prepaid Card is the first prepaid or debit product where you can earn Stars (reward points) outside of Starbucks. It is the only general purpose reloadable (GPR) prepaid product that allows you to earn Stars for purchases you make […]

News

MGM Buying Empire City Casino for $850 Million

MGM Resorts, owner of the MGM Grand casino in Las Vegas and 28 casinos around the country, has agreed to purchase the Empire City Casino in Yonkers and racetrack for $850 million. MGM Resorts is purchasing the facility with its real estate investment trust MGM Growth Properties (MGP).  MGM Resorts and MGP have entered into an […]

News

Accenture to Spend $200 Million on Education, Training

NEW YORK — Consulting firm Accenture plans to spend more than $200 million over the next three years to help train and educate disadvantaged people with job skills for the digital age. “As a technology leader, we have an obligation to apply new scalable technology solutions to help solve complex societal challenges,” said Pierre Nanterme, […]