AMC to charge more for good seats in movie theaters

Middle seats at many US movie theaters just got more expensive. AMC Theaters, the nation’s largest movie theater chain, on Monday unveiled a new pricing scheme in which seat location determines how much your movie ticket costs. Seats in the middle of the auditorium will cost a dollar or two more, while seats in the … Read more

Harvey Schwartz named CEO of Carlyle Group

Carlyle Group on Monday appointed former Goldman Sachs executive Harvey Schwartz as its chief executive officer, taking on the tasks of driving the private equity firm’s earnings, growing its assets under management and boosting its stock price. Schwartz’s appointment, after a six-month search, takes effect on Feb. 15. Kewsong Lee departed as CEO last August after his turnaround efforts fell short of expectations. … Read more

‘Big mistake’ to think US economy ‘out of the woods’

The US economy still isn’t “out of the woods” despite recent signs of cooling inflation and stronger-than-expected economic data, ex-Treasury Secretary Larry Summers warned. Summers urged caution in the wake of a blockbuster January jobs report last week that showed US employers added 517,000 jobs in the month and the national unemployment rate fell to … Read more

National Enquirer sold to indicted former MoviePass CEO in $100M deal: report

Scandal-scarred tabloid National Enquirer, which engaged in “catch-and-kill” practices to bury stories about Donald Trump during his presidential campaign, has been sold to a mogul with his own checkered past. The Enquirer’s parent company, a360 Media, said Monday it reached a deal to sell the supermarket staple — along with other publications the National Examiner, … Read more

Tyson Foods shares tank on weak demand for chicken

Tyson Foods took a “hit in the mouth” as larger-than-expected US beef and pork supplies reduced demand for its chicken, company executives said on Monday, as the meatpacker missed Wall Street estimates for quarterly profits. Shares were down 4.7% as Tyson also cut its outlooks for operating margins this year. Tyson Foods was caught wrong footed by expectations for chicken demand … Read more

Rothschild family to take Paris-listed investment bank private

In a show of confidence that strengthens the Rothschild family’s grip on its Paris-listed investment bank, the financial dynasty said Monday it plans to take Rothschild & Co. private. Rothschild & Co., best known for its deal-making division that once employed French President Emmanuel Macron, has grown over the last three decades beyond pure advisory for mergers and acquisitions and … Read more

Dell slashing more than 6,500 jobs as PC market slumps

Dell Technologies is cutting about 6,650 jobs, or 5% of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession. The move on Monday aligns Dell with a raft of companies from Goldman Sachs Group to Alphabet that have laid off thousands this year to ride out a demand downturn … Read more