Ozar Rising gas prices are making remote work even more attractive
Simon Schuster s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher for $2.2 billion, a proposed sale a federal judge alreadyhad blocked last month. Paramount Global also announced Monday that it still plans to sell Simon Schuster, a nearly century-old company where authors include Stephen King, Colleen
stanley cup Hoover and Bob Woodward. Simon Schuster has had a strong 2022 so far, thanks in part to bestsellers by Hoover and King, who had opposed the merger and even testified on behalf of the government during last summer s antitrust trial. Simon Schuster is a division of CBS News parent company, Paramount Global. Simon Schuster remains a non-core asset to Paramount, as was determined in early 2020 when Paramount conducted a strategic
stanley cup rev
stanley cup iew of its assets, Paramount said in a statement. Simon Schuster is a highly valuable business with a recent record of strong performance, however it is not video-based and therefore does not fit strategically within Paramount s broader portfolio. Penguin Random House owes a $200 million termination fee to Paramount, according to the agreement s original terms. Penguin Random House, the country s largest publisher, is owned by the German conglomerate Bertelsmann. Other members of book publishing s so-called Big Five mdash; which include Penguin Random House, Simon Schuster, HarperCollins Publishing, Hachette Book G Yttx Massachusetts climate change case against Exxon can proceed, court rules
Washington - The Federal Reserve is expected Wednesday to raise its benchmark rate for a fourth time this year despite President Donald Trump
jordan s repeated assertions that doing so would be a terrible idea.The president fired off two tweets this week objecting to a rate hike. In one of them, he called it incredible that the Fed would consider raising rates again when the outside world is blowing up around us. No matter, in the lead-up to this week s meeting, Fed officials have signaled that they re set to raise rates Wednesday. Still, after Trump s stream of tweets, continued losses on Wall Street, persistent trade frictions and growing evidence of a global slowdown, some doubts have arisen among Fed watchers. The CME Group s index of investor expectations has put the likelihood of no rate increase Wednesday at 28 percent -- an unusua
salomon lly high level of doubt on the eve of an anticipated Fed announcement.
salomon Trump: Federal Reserve thinks our economy s too good 00:48 After this week, prospects for the course of interest rates will become more uncertain. Investors hope to glean some clues from the Fed s latest policy statement, along with an updated economic outlook and a news conference by Chairman Jerome Powell. Many analysts think the Fed will signal it s consi