Author: admin

Walt Disney Co said on Friday it would sell its interests in 21 regional sports networks and Fox College Sports to Sinclair Broadcast Group Inc for $9.6 billion, a deal that clears the way for its purchase of Twenty-First Century Fox Inc’s film and television assets.

The deal will help Sinclair, the largest U.S. broadcast station owner, add channels such as Fox Sports Detroit and Fox Sports Florida to its existing sports business that includes Marquee Sports Network and Ring of Honor Wrestling.

Continue reading “Disney to sell Fox regional sports networks to Sinclair for $9.6 billion”

PG&E Corp on Wednesday sought court approval for a $105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider.

PG&E in a filing in U.S. Bankruptcy Court in San Francisco said the fund would cover housing and other urgent needs for many who lost homes in the wildfires in 2017 and 2018.

The biggest of the blazes, last year’s Camp Fire, killed more than 80 people and destroyed more than 14,600 housing units, with more than 11,300 lost in the town Paradise, according the California’s Department of Finance.

Continue reading “PG&E seeks U.S. court approval for $105 million fund to help wildfire victims”

Starbucks Corp is recalling about 263,000 of its coffee presses, made in partnership with Bodum, after the world’s largest coffee chain received reports of the product breaking and causing deep cuts, the U.S. Consumer Product Safety Commission said on Wednesday.

Starbucks has received eight reports of the plunger’s knob breaking in the U.S. and one report from Canada, resulting in lacerations or puncture injuries, the commission said.

The presses, made from recycled materials, were sold at Starbucks cafes and on its website from November 2016 through January 2019, for about $20, according to the CPSC.

PepsiCo Inc said on Thursday it will withdraw its lawsuits against a number of Indian potato farmers accused of infringing its patent.

After suing four farmers for cultivating the FC5 potato variety, grown exclusively for PepsiCo’s popular Lay’s potato chips, the snack food and drinks maker said last week it wanted to “amicably settle” the issue.

Other than filing the lawsuit against the four farmers in April, PepsiCo had also sued five other potato growers.

Continue reading “Pepsi withdraws lawsuits against Indian potato farmers”

A former middle school teacher who admitted paying for sex with a 14-year-old girl who was trafficked on Backpage.com has been sentenced to 10 years in federal prison, prosecutors said on Tuesday, in the latest criminal case stemming from the now-shuttered site.

Backpage.com was the dominant Internet marketplace for buying and selling sex in the United States before federal authorities seized it in April 2018 as part of an investigation into human trafficking and child prostitution.

Continue reading “Florida man imprisoned for trafficking girl, 14, via Backpage.com”