Home Depot sales climb again, but DIY frenzy may be cooling

Aug

17

2021

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By Troy Warren

Home Depot sales climb again, but DIY frenzy may be cooling

Business, Home & Garden, In The NewsBusiness, HomeDepot, HomeGarden

By MICHELLE CHAPMAN, Associated Press Troy Warren for CNT #Business #HomeGarden Home Depot’s sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly. For the three months ended Aug. 1, sales climbed to $41.12 billion from $38.05 billion. Chairman and CEO Craig Menea said in a prepared statement Tuesday that this was the first time the chain surpassed quarterly sales of more than $40 billion. Revenue also surpassed the $40.71 billion analysts were expecting, according to a survey by Zacks Investment Research. However, sales at stores open…

Aug

16

2021

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By Troy Warren

Blue Origin sues NASA over plan to go with SpaceX for Artemis moon mission

Business, TechnologyBlueOrigin, Business, JeffBezos, NASA, Technology

Alexandra Garrett, Carrie Mihalcik | CNET.Com Troy Warren for CNT #Technology #Business Jeff Bezos' space company is escalating its fight with the US space agency. Blue Origin, the space company owned by Amazon founder Jeff Bezos, filed a complaint Monday in federal court against NASA. The lawsuit escalates Blue Origin's protest that NASA unjustly granted a lunar landing contract earlier this year to Elon Musk's SpaceX. "This bid protest challenges NASA's unlawful and improper evaluation of proposals," Blue Origin's lawyers wrote in its court filing. The sealed complaint was filed in the US Court of Federal Claims. NASA previously selected SpaceX as the sole…

Aug

16

2021

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By Troy Warren

Hyatt To Acquire Apple Leisure Group, Doubling Global Resorts Footprint

Business, TravelBusiness, Hyatt, Travel

LAURIE BARATTI | TravelPulse.Com Troy Warren for CNT #Travel #Business Hyatt Hotels Corporation announced that it has entered into a definitive agreement to acquire leading North American resort-management, travel and hospitality group Apple Leisure Group (ALG) for a cash amount of $2.7 billion. The purchase from affiliates of capital market company KKR and private equity company KSL Capital Partners, LLC, is expected to close in the fourth quarter of this year, subject to customary closing conditions. ALG’s resort brand management platform, AMResorts, supplies management services to the largest portfolio of luxury, all-inclusive resorts in the Americas under its AMR Collection label. The…

Aug

14

2021

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By Troy Warren

Wendy’s to open 700 delivery-only kitchens by 2025 with Reef Technology

Business, Foodie, In The NewsBusiness, Food, Foodie, Wendys

By The Associated Press Troy Warren for CNT #Foodie Wendy’s plans to open 700 delivery-only kitchens by 2025 to meet the growing demand from people who want their fast food brought to them. The kitchens will primarily operate in urban neighborhoods in the U.S., Canada and the United Kingdom, Wendy’s said. The hamburger chain will open its first 50 delivery kitchens this year. Dublin, Ohio-based Wendy’s is partnering with Reef Technology Inc., a Miami company that runs 5,000 delivery kitchens in 30 cities worldwide. In a conference call with investors Wednesday, Wendy’s President and CEO Todd Penegor said Reef will build…

Aug

13

2021

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By Troy Warren

Emma Stone Closes Deal for ‘Cruella 2’ In Wake of ‘Black Widow’ Lawsuit

Business, EntertainmentBusiness, Cruella2, EmmaStone, Entertainment

BY MIA GALUPPO | HollywoodReporter.Com Troy Warren for CNT #Entertainment #Business To date, the film has earned $85 million at the domestic box office and $221 million at the global. Emma Stone has closed a deal to star in the sequel to Disney+ release Cruella. The move is significant being that it comes amid the turmoil caused by Scarlett Johansson’s lawsuit against Disney over her compensation for Black Widow, which like Cruella, debuted day-and-date in theaters and on Disney+. Johansson’s lawsuit alleges that her contract was breached when the Marvel movie was released on Disney+ day-and-date. After its filing, Disney retorted with a strong statement, calling the…

Aug

12

2021

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By Troy Warren

Verizon Adds Free AMC+ for Customers With Some Unlimited Plans

Business, DigitalBusiness, Digital, Verizon

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business #Digital AMC+ joins Disney+, Discovery+ and Apple Music as one of the streaming services being offered for free to some subscribers. Verizon continues to add free access to new streaming services to customers of some of its unlimited plans. On Thursday, the telecom giant said that it would offer up to 12 free months of AMC+ to new Fios subscribers and to customers who buy a smartphone on a new line with select unlimited plans. Existing customers on those plans can get six free months. AMC+ offers series and movies from parent company AMC Networks,…

Aug

11

2021

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By Troy Warren

Amazon’s MGM Takeover: Labor Coalition Lobbies FTC to Halt Deal (Exclusive)

Business, Editors Picks, EntertainmentBusiness, EditorsPicks, Entertainment

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business #EditorsPicks #Entertainment The Strategic Organizing Center, which includes the Teamsters and CWA, sent a letter to the agency over the $8.45 billion studio acquisition, saying it would create "harmful vertical integration in the film industry at large." As the Federal Trade Commission examines Amazon’s proposed $8.45 billion buy of MGM, pressure from unions and progressive politicians is mounting on the regulator to take action, either by blocking the deal or requiring the company to abide by conditions such as decoupling Amazon Prime Video from the rest of Prime to secure approval. The latest…

Aug

11

2021

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By Troy Warren

Telemundo Launching Division to Develop Shows For Peacock

Business, Digital, EntertainmentBusiness, Digital, Entertainment

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Digital #Entertainment #Business The new division, NBCUniversal Telemundo Hispanic Streaming, already has more than 50 projects planned for the NBCUniversal-owned streaming service. Telemundo Enterprises, the NBCUniversal-owned Spanish language media company, is looking to “supercharge” its investment in streaming, launching a new division that will develop programming for Peacock and the company’s other streaming platforms. The new division is already planning to develop more than 50 projects for 2022 and beyond. The division, which the company calls “NBCUniversal Telemundo Hispanic Streaming,” will be led by Romina Rosado as executive vp and GM, with a mandate…

Aug

10

2021

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By Troy Warren

Sony Completes $1.2B Acquisition of Crunchyroll From AT&T

Business, Digital, In The NewsAnime, AT&T, Business, Digital, Sony

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Digital #Business The anime streaming service has 5 million subscribers and more than 120 million registered users. Sony has completed its nearly $1.2 billion acquisition of the anime streaming service, Crunchyroll, from AT&T, the company said on Monday. The acquisition, which was first announced in December, brings Crunchyroll to Funimation, a joint venture between Sony Pictures and Sony Music’s Aniplex. With Crunchyroll housed under Funimation, Sony will now be able to expand its status in the anime industry and reach Crunchyroll’s 5 million subscribers and more than 120 million registered users. Boasting over 1,000…

Aug

10

2021

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By Troy Warren

Atlanta: Coca-Cola latest to delay Atlanta office returns; Invesco sets mandate

Business, City NewsAtlantaNewsAndTalk, Business, CityNews

By Matt Kempner, The Atlanta Journal-Constitution Troy Warren for AtlantaNewsAndTalk.Com Coca-Cola is delaying plans to return thousands of workers to its Atlanta headquarters, as the delta variant continues to shake up job expectations at Georgia employers large and small. The beverage giant told local employees Monday that they won’t be returning to corporate offices until mid October at the earliest. That’s more than a month later than previous plans to bring workers back starting Sept. 7. Like a number of large companies in Atlanta, Coke had sent most of its local workers home early in the COVID-19 pandemic more than 18 months…

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