Business

Studios, Guilds Agree to Extend Return-to-Work Safety Protocols Again

Studios, Guilds Agree to Extend Return-to-Work Safety Protocols Again

BY THR STAFF | HollywoodReporter.Com Troy Warren for CNT The current agreement, which was reached last September, was set to expire on June 30. Hollywood’s major studios and guilds are once again extending their return-to-work talks. The current contract was scheduled to expire June 30, after getting a three month extension from the original April date. But the Alliance of Motion Picture and Television Producers (AMPTP) and the industry’s top guilds — including SAG-AFTRA, IATSE, the DGA, the Teamsters and the Basic Crafts — have agreed to keep the current protocols in place for longer. A joint statement from the negotiating…
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U.S. adds 850,000 jobs as economy extends its gains

U.S. adds 850,000 jobs as economy extends its gains

By The Associated Press Troy Warren for CNT WASHINGTON — In an encouraging burst of hiring, America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs. Friday’s report from the Labor Department was the latest sign that the reopening of the economy is propelling a powerful rebound from the pandemic recession.  Restaurant traffic across the country is nearly back to pre-pandemic levels, and more people are shopping, traveling and attending sports and entertainment events. The number of…
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AT&T sells, will lease CNN Center

AT&T sells, will lease CNN Center

By Michael E. Kanell, The Atlanta Journal-Constitution Troy Warren for CNT Florida-based company announces deal to buy complex A Florida-based real estate company has purchased the iconic CNN Center in downtown Atlanta, but its current occupants are staying put. CP Group, which is based in Boca Raton, announced late Thursday that it has reached a deal to buy the complex next to Centennial Olympic Park. AT&T, which owns CNN as a result of its 2018 acquisition of Time Warner, will lease the building from its new owners for a “a number of years.” By Visit Lake Oconee ADVERTISER CONTENT A perfect Georgia summer…
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Disney’s Insurer Sues Over Production Costs During Hollywood’s Reboot

Disney’s Insurer Sues Over Production Costs During Hollywood’s Reboot

BY ERIQ GARDNER | HollywoodReporter.Com Troy Warren for CNT Given the risk of COVID-19 infection, did Disney intentionally put the cast and crew of its movies and TV shows in harm's way? A court filing from Fireman's Fund actually goes there. Who will be picking up the tab for the extra cost to make movies and TV shows late in 2020 when state governments eased shutdown orders but infections were surging? That’s the crucial question that will be answered by a big lawsuit filed on Thursday by Fireman’s Fund against Disney. The insurer will at least be partially reimbursing Disney for…
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U.S. jobless claims fall to 364,000, a new pandemic low

U.S. jobless claims fall to 364,000, a new pandemic low

By The Associated Press Troy Warren for CNT WASHINGTON — The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession. The Labor Department reported Thursday that jobless claims dropped by 51,000 to 364,000. Applications for unemployment benefits have fallen more or less steadily since the year began. The rollout of vaccines has sharply reduced new COVID-19 cases, giving consumers the confidence to shop, travel, eat out and attend public events as the…
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Trump Organization CFO surrenders ahead of expected charges

Trump Organization CFO surrenders ahead of expected charges

By The Associated Press Troy Warren for CNT Trump Organization CFO Allen Weisselberg surrendered to authorities early Thursday ahead of expected charges against him and former President Donald Trump’s company, according to multiple news outlets. Weisselberg was seen walking into the the courthouse in lower Manhattan around 6:20 a.m. with his lawyer. New York prosecutors are expected to announce the first criminal indictment Thursday in a two-year investigation into Trump’s business practices, accusing his namesake company and Weisselberg of tax crimes related to fringe benefits for employees. The charges against the Trump Organization and its chief financial officer, Allen Weisselberg, remained…
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Why you can look forward to fewer robocalls

Why you can look forward to fewer robocalls

By Nancy Clanton, The Atlanta Journal-Constitution Troy Warren for CNT FCC now requires phone companies to confirm caller ID is legitimate “June 30 is an important day in consumer protection history,” said Teresa Murray, consumer watchdog with the U.S. PIRG Education Fund. Why? Wednesday is the deadline the Federal Communications Commission set for most phone providers to install Caller ID verification that will confirm calls on their network are actually coming from the number on display. That means you can expect to receive fewer annoying — and illegal — robocalls. With the new caller ID technology, called STIR/SHAKEN, con artists should…
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United Sends Messages With Biggest Plane Order in Company History

United Sends Messages With Biggest Plane Order in Company History

RICH THOMASELLI | TravelPulse.Com Troy Warren for CNT   United Airlines this morning sent a message to the aviation industry – the pandemic is over. The Chicago-based carrier announced it was placing the largest plane order in the company’s history and the largest order by any airline in the last 10 years, a clear signal that it believes the resurgence of air travel – from just 5 percent capacity at one point last year compared to 2019 to 79 percent this past week – will continue. Operating under the tagline of ‘United Next,’ United will purchase 270 planes and will…
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Cannes Hot List: Letitia Wright Drama, Ewan McGregor Survival Thriller Among Films Set to Heat Up the Festival

Cannes Hot List: Letitia Wright Drama, Ewan McGregor Survival Thriller Among Films Set to Heat Up the Festival

BY SCOTT ROXBOROUGH | HollywoodReporter.Com Troy Warren for CNT Despite a year of turmoil and uncertainty, a bumper crop of star-driven projects at the market has sparked optimism among dealmakers: "Demand from buyers has held up and supply hasn’t really been affected." Despite a year of COVID-19, virtual markets and online-only releases, the independent film business has found ways to make and release movies worldwide. Sales at the Virtual Cannes Market in 2020 — the first online-only film market held after the pandemic hit — were near record highs, and Toronto and AFM were similarly bullish, leaving sellers heading into Cannes’…
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Supreme Court Won’t Stop Antitrust Trial for Comcast

Supreme Court Won’t Stop Antitrust Trial for Comcast

BY ERIQ GARDNER | HollywoodReporter.Com Troy Warren for CNT The high court won't take up Viamedia's suit on the advertising front after Biden's Justice Dept. recommended against review. Comcast’s hopes of avoiding an antitrust trial with Viamedia were dashed on Monday when Supreme Court rejected the cable giant’s petition for review. Viamedia is suing Comcast for monopolizing local TV ad sales. The plaintiff alleges that Comcast is using its control of “interconnects” — local cooperatives serving pay-TV providers — to pressure ad clients from being represented by Viamedia. The five-year-old case was revived in Feb. 2020 by the 7th Circuit. The key legal issue in…
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