Activist investor wants Disney to cancel its dividend and invest in Disney+

Activist investor wants Disney to cancel its dividend and invest in Disney+

New York (CNN Business) Disney’s 2020 has been dreadful with one after another of its businesses getting slammed because of the coronavirus pandemic. The only real bright spot for the company this year has been its new and growing streaming service, …
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Plans at Microsoft and Wells Fargo to increase Black leadership are under scrutiny from the Labor Dept.

New York (CNN Business) The Department of Labor last week sent letters to Microsoft and Wells Fargo questioning whether the companies’ commitments to increase the number of Black employees in their leadership ranks constitute race-based …
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California Sunday Suspends Publication After Emerson Collective Pulls Out

The California Sunday Magazine, a sumptuously produced and award-winning magazine that got its start as a throwback to the glory days of print, has suspended publication after Emerson Collective, the organization founded by the billionaire investor …
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Nueces County reports 18 new COVID-19 cases, 2 deaths

Nueces County reported 18 new COVID-19 cases and two deaths on Wednesday. There have been 20,745 coronavirus cases total. Six of the new cases were reported by the Department of State Health Services. The state has reported 4,161 of Nueces …
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Activist investor to Disney: Double your streaming content budget

Walt Disney Co. has already made a high-stakes bet to transform itself into a streaming video giant with Disney+. Now, with the COVID-19 pandemic still ravaging the entertainment industry, one of the most prominent activist investors is telling the company to …
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