Business

Sep

26

2021

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By Troy Warren

China says all crypto transactions illegal; Bitcoin tumbles

Business, In The NewsBitcoin, Business

By The Associated Press Troy Warren for CNT #Business BEIJING — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the People’s Bank of China said on its website. The price of Bitcoin fell more than 9%, to $41,085, in the hours after the announcement, as did most other crypto…

Sep

23

2021

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By Troy Warren

Sandy Springs: UPS hiring 100,000 temporary workers for holiday shipping season

Business, City News, Editors PicksBusiness, CityNews, EditorsPicks, SandySpringsNewsAndTalk

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for SandySpringsNewsAndTalk.Com #Business #EditorsPicks UPS is hiring 100,000 seasonal workers as it prepares for the busy holiday shipping period. That includes nearly 2,340 positions in Atlanta. The Sandy Springs-based shipping giant said it expects an increase in package volume starting in October and continuing through January. The hiring surge comes as many companies are facing challenges finding enough employees to staff their operations amid a national worker shortage that has arisen as businesses ramp up work. UPS is looking to hire roughly the same number of workers as it hired last year for the holiday season. The…

Sep

21

2021

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By Troy Warren

Verizon CEO Touts Disney+, Discovery+ Partnerships, Sees “a Lot of New Things We Can Add”

Business, EntertainmentBusiness, Entertainment, Verizon

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT #Business #Entertainment Hans Vestberg also touts continuing FiOS broadband momentum during a Goldman Sachs conference. Telecom giant Verizon sees room to add more content partnerships along the lines of its Disney+ and Discovery+ deals, chairman and CEO Hans Vestberg said on Tuesday. “We see many more direct-to-consumer offerings,” he told the virtual Goldman Sachs Communacopia Conference, pointing to the company’s offerings under deals with the likes of streaming services Disney+ and Discovery+. That is also “a revenue source for us and a profit source for us,” he emphasized, describing the deals as…

Sep

21

2021

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By Troy Warren

Drake Invests in a Rapidly Growing Hot Chicken Chain

Business, FoodieBusiness, Food, Foodie

By Mike Pomranz | FoodAndWine.Com Troy Warren for CNT #Foodie Dave’s Hot Chicken started at the bottom (well, a parking lot), and now they’re here. Not that rappers can't make plenty of money rapping, but the richest names in hip-hop often make a big chunk of their earnings through other investments. Dr. Dre famously made a fortune with Beats headphones, and in the food world, Jay-Z's net worth is well-padded with the value of his champagne brand, while Travis Scott made $20 million working with McDonald's. Meanwhile, Drake hasn't been afraid to put his money into a wide range of culinary companies: he's…

Sep

18

2021

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By Troy Warren

Hollywood Eco Experts on Making “Unnecessary” Press Boxes More Sustainable

BusinessBusiness

BY KIRSTEN CHUBA | HollywoodReporter.Com Troy Warren for CNT #Business From axing cardboard packing to mandating an opt-in mailing list, industry activists highlight ways to remake wasteful promotional packages. Promotional boxes of food, alcohol and swag long have been part of entertainment industry marketing strategies, mailed to the homes and offices of press and Hollywood insiders ahead of a project’s release. In the pandemic, those mailers became more common, as in-person events were replaced with virtual screenings and Q&As that could benefit from a little extra pizazz. But frequently these boxes, sent out by studios and streamers, pose an environmental issue:…

Sep

18

2021

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By Troy Warren

When Stars Sue Studios: The Truth About Profit Participation Cases

Business, EntertainmentBusiness, Entertainment

BY DALE KINSELLA & NICK SOLTMAN | HollywoodReporter.Com Troy Warren for CNT #Entertainment #Business Two of the top litigators in this hot practice area discuss the five biggest misconceptions out there. Even those closest to Hollywood dealmaking don't always have a clear picture about these types of disputes. For the last month, profit participant lawsuits have been the talk of the town (or at least a corner of it). In our practice litigating profit participation suits, we often encounter talent, talent lawyers, and other dealmakers who share some of the same misperceptions — and they are, in many ways, closer to the issues…

Sep

15

2021

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By Troy Warren

Sky CEO: Companies That Don’t Embrace Diversity “Are Just Going to Fall Away”

Business, In The NewsBusiness, Comcast, Sky

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT #Business At the Royal Television Society Cambridge Convention, Dana Strong also addressed the Comcast company's European expansion plans, content business ambitions and deal mentality. Comcast’s European TV giant Sky is looking to expand across continental Europe in the coming years, boost its content creation business and increase diversity, CEO Dana Strong said on Wednesday. “There is no doubt that we can all do better” on diversity, she said. “We have got to keep making progress. I feel really passionately about it actually. Creating an environment and a culture where multiple, different voices,…

Sep

08

2021

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By Troy Warren

Kia again halted Georgia vehicle production, blaming chip shortage

Business, Cars, In The NewsBusiness, Cars

By Matt Kempner, The Atlanta Journal-Constitution Troy Warren for CNT #Cars #Business Kia Motors has again temporarily halted work at its sprawling vehicle assembly plant in Georgia, citing a shortage of semiconductor chips. It’s a problem other automakers also have wrestled with, increasing challenges for consumers trying to find and buy new cars, SUVs and pickup trucks. Kia stopped production Tuesday “because of supply chain conditions related to the ongoing worldwide semiconductor chip shortage,” spokesman Rick Douglas wrote in an email to The Atlanta Journal-Constitution. He said regular production for all three shifts would resume Wednesday. The chip shortages first hit…

Sep

08

2021

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By Troy Warren

Atlanta: Black newspapers join forces nationally online

Business, City News, Editors PicksAtlantaNewsAndTalk, Business, CityNews, EditorsPicks

By Ernie Suggs, The Atlanta Journal-Constitution Troy Warren for AtlantaNewsAndTalk.Com #Business #EditorsPicks Atlanta Voice part of 10-publication coalition from across country In 1971, Wilbert “Bill” Tatum was part of a group of Black investors who pooled their money together to save the New York Amsterdam News, the venerable Black newspaper and Harlem institution since 1909. Tatum became the paper’s sole owner in 1996 and when he died in 2009, his only daughter, Elinor, took over the family business as publisher and owner. Black newspapers “have been the voice of Black America for more than 100 years,” Elinor Tatum said. “We have…

Sep

07

2021

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By Troy Warren

Sandy Springs: UPS delivers first COVID-19 vaccines by drone

Business, City News, COVID-19Business, CityNews, covid-19, Drones, SandySpringsNewsAndTalk, UPS

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for SandySpringsNewsAndTalk.Com #COVID-19 #Business The Sandy Springs-based shipping giant UPS said it has started making its first COVID-19 vaccine deliveries by drone. UPS Flight Forward is making deliveries on the campus of Atrium Health Wake Forest Baptist in Winston-Salem, North Carolina. The drones open up the prospect of a quicker way to deliver sensitive medical shipments, such as to remote or rural areas. The hospital ships the vaccines by drone from its central pharmacy to family medicine practices on its medical center campus. Drone operators inspect the Matternet M2 drone before takeoff and scan the airspace…

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