Tag : owner

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Former Officials Raise Questions About New LA Times Owner’s Business

Dow Jones, a News Corp companyNews Corp is a network of leading companies in the worlds of diversified media, news, education, and information services

NantHealth had accumulated deficit of $671.6 million; Patrick Soon-Shiong says he’s confident about its mission


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This video of a Model X driving itself out of a puddle to its owner shows why Tesla cars are the future (TSLA)

TeslaA video posted to Reddit on Wednesday shows an owner of a Tesla Model X using the car's "summon" feature — which allows it to back out of a garage or parking space without assistance from a human driver — to prompt the car to drive out of a large puddle.The video comes after a Model S crashed into a fire truck while reportedly in the semi-autonomous Autopilot mode.

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Cartier-Owner Richemont Bets Big on Online Bling

Would you buy a $100,000 watch online?Cartier-owner Compagnie Financière Richemont wants to buy out its fellow shareholders in e-commerce specialist Yoox-Net a-Porter SA, because for more and more people, the answer is yes.

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Owner of New York’s Strand Turned Struggling Book Store Into a Literary Landmark

When the teenage Fred Bass began working at his father’s store in the early 1940s, it was among dozens of used booksellers on a stretch of Manhattan’s Fourth Avenue known as Book Row.As rents increased, nearly all of them were heading for oblivion.

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Why Gucci Owner Wants to Kick Off Its Pumas

12, 2018 9:17 a.ET

Gucci owner Kering has chosen an opportune moment to let go of its $4.

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Why Volvo Cars’ Chinese Owner Is Betting Big on Volvo Trucks

27, 2017 11:28 a.ET

Do cars and trucks belong in the same corporate garage?

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Tesla, Porsche and Genesis top Consumer Reports owner satisfaction survey

1 spot among the top 10 most-satisfying cars.Jake Fisher, director of automotive testing for Consumer Reports, told USA Today those brands suffered by introducing cheaper vehicles.

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An econ professor turned small-business owner breaks down his 3 big problems with the GOP tax plan

View photosjimmy johnsnate griggTim Wulf, a Jimmy John's franchisee, says the Republican tax plan doesn't help small-business owners.The new tax bill includes a 20% income deduction for pass-through entities, which on the surface seems like less than the 21% C-corp tax rate put forth in the plan.

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Rolling Stone’s Owner Sells Controlling Stake to Penske Media

Dow Jones, a News Corp companyNews Corp is a network of leading companies in the worlds of diversified media, news, education, and information services

Deal values Wenner Media at about $100 million, suggesting price topping $50 million

Dec.20, 2017 9:37 p.

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The Mystery Owner Of This $300M French Chateau Has Been Revealed

When Chateau Louis XIV sold for 275 million euros, or about $300 million, in 2015, the purchase seemed like something out of a fairytale.Two years after the sale, the buyer is no longer a mystery.

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Carolina Panthers Owner Jerry Richardson Will Sell Team After Misconduct Allegations

17, 2017 9:44 p.ET

Carolina Panthers owner Jerry Richardson said Sunday he will sell the team he founded, a move that comes close on the heels of the team’s announcement that it was beginning an investigation into Richardson’s alleged workplace misconduct.

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Unibail Who? The French Mall Owner Is Buying Westfield for $15.7 Billion

Dow Jones, a News Corp companyNews Corp is a network of leading companies in the worlds of diversified media, news, education, and information services

Deal would create world’s second-largest shopping-center operator by market capitalization

Updated Dec.ET

One of the world’s best-known mall operators just agreed to be bought by one of its least-known.

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Nets Owner Mikhail Prokhorov Named by Whistleblower in Russia Doping Scandal

The allegation, which Prokhorov denies, suggests he paid an Olympic hopeful who tested positive before the Sochi Games not to disclose the country’s doping scheme

Updated Dec.7, 2017 5:19 p.

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Sleepy’s Owner Steinhoff: Accounting Issues Could Affect $7 Billion in Assets

JOHANNESBURG—Shares of Steinhoff International Holdings NV continued to sink Thursday after the retail giant said that accounting irregularities it disclosed the day before, together with its chief executive’s resignation, could affect the valuation and “recoverability” of as much as €6 billion ($7.09 billion) worth of assets.

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An Idaho founder turned an annoying time-tracking problem into a $340 million acquisition from QuickBooks owner Intuit

IntuitQuickBooks and TurboTax owner Intuit announced its plans to acquire a time tracking software company TSheets for $340 million.Co-founder and CEO Matt Rissell created TSheets after trying to solve time-tracking issues at his previous business.

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Cowboys Owner Jerry Jones Withdraws Threat to Sue NFL

Despite backing off litigation, Jones ratchets up criticism of commissioner Roger Goodell

Nov.21, 2017 11:07 p.

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Here is the letter the NFL sent to Jerry Jones' lawyer, accusing the Dallas Cowboys owner of 'detrimental' conduct

CNBC has obtained the letter below to Dallas Cowboys owner Jerry Jones' lawyer David Boies from the NFL's outside counsel representing the compensation committee.The League's ownership has been and will continue to be fully apprised of the Committee's work, as the Committee Chairman reaffirmed on Monday.

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NFL Accuses Cowboys Owner Jerry Jones of Damaging the League

In a letter sent Wednesday, the league escalated its feud with the prominent owner in a dispute over commissioner Roger Goodell’s contract

Updated Nov.15, 2017 10:40 p.

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Cleveland Browns owner Jimmy Haslam knew about sales scheme: former Pilot exec

A former truck stop company executive boasted in a secretly recorded conversation that Cleveland Browns owner Jimmy Haslam was aware of a scheme to defraud customers and "loved it" when the sales team ripped off clients.The Knoxville News Sentinel reports the jury in the federal fraud trial of former Pilot Flying J executives and sales representatives heard a recording of former vice president John "Stick" Freeman saying Haslam was aware of the scheme to deprive trucking customers of the diesel discounts they had negotiated.

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Some Inconvenient Truths About 7-Eleven’s Owner

12, 2017 6:34 a.ET

More than a year after one of the U.