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Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in an all-cash deal. This move aims to win over Warner’s shareholders for a $72 billion merger and counter a bid from Paramount. On Tuesday, Netflix and Warner announced a revised transaction to simplify the structure and speed up a shareholder vote.…
OMAHA, Neb. (AP) — Warren Buffett’s successor appears to be considering his first significant move after taking over as CEO this month. Kraft Heinz warned investors Tuesday that Berkshire Hathaway may be interested in selling its 325 million shares in the name brand food giant that Buffett helped create back in 2015. Buffett and the…
Netflix capped last year with another solid financial performance despite slowing subscriber growth that underscored the importance of its contested $72 billion bid to take over Warner Bros.’ fabled movie studio and slot HBO Max into its video streaming line-up. The fourth-quarter results announced Tuesday eclipsed the projections of stock market analyst, but Netflix’s report…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair. The high court is considering whether President Donald Trump can fire Cook, an unprecedented attempt by the…
WASHINGTON (AP) — The head of the IRS is announcing a shake-up he says will improve taxpayer service and modernize the agency. In a letter to employees viewed by The Associated Press on Tuesday, IRS Chief Executive Officer Frank Bisignano said he is naming Gary Shapley, a whistleblower in the Hunter Biden tax investigations, as…
Confidence is increasing regarding the potential for a significant intrusion of Arctic air and impactful wintry precipitation from Friday into the upcoming weekend. Monitor the forecast closely over the next several days as we fine-tune the details and start thinking about how you can Protect the 4 P’s: People, Pets, Pipes, and Plants.
Federal auto safety regulators have granted a five-week extension for Tesla to respond to allegations that its vehicles have broken traffic laws while operating in what the electric automaker calls “full self-driving” mode. Tesla now has until Feb. 23 to answer the National Highway and Traffic Safety Administration’s request for information. The original deadline was…
MINNEAPOLIS (AP) — Minneapolis Mayor Jacob Frey says sending active duty soldiers to Minnesota for an immigration crackdown is ridiculous and unconstitutional. He is urging protesters to remain peaceful. Protests have been ongoing since the Department of Homeland Security increased immigration enforcement in the Twin Cities. President Donald Trump had threatened to invoke the Insurrection…
