The film production and financing company Village Roadshow filed a lawsuit on Monday against Warner Bros.
rushed the release of the movie, instead of letting it debut in 2022, to help boost HBO Max subscriptions, a revenue stream Village Roadshow doesn’t share in.
“The Matrix Resurrections” earned only $37 million at the domestic box office, the lowest result of any of the films in the “Matrix” series.
is attempting to cut Village Roadshow out of “Wonka,” which will star Timothée Chalamet as a young Willy Wonka — the main character of the 2005 film “Charlie and the Chocolate Factory.” According to the complaint, Warner Bros.
“This is a frivolous attempt by Village Roadshow to avoid their contractual commitment to participate in the arbitration that we commenced against them last week,” Warner Bros.
Amazon previously capped its pay for tech and corporate employees at $160,000 in most parts of the United States, favoring stock compensation that vests over several years for the rest of an employee’s pay package.
To that end, he said its key priorities would be: reviewing the process of bank mergers, revising the Community Reinvestment Act, addressing the financial risks posed by climate change, providing guidance to banks around managing cryptocurrency assets and finalizing capital rules for banks that were introduced after the 2008 financial crisis.
In December, three Democratic members of the regulator’s board — Mr. Gruenberg, a longtime member; Rohit Chopra, the director of the Consumer Financial Protection Bureau; and Michael J.
Legislators want to know if JPMorgan is again engaging in so-called robo-signing, a practice in which legal documents are reviewed and signed by employees who have little knowledge about the cases.
The bank was also ordered to permanently stop collections on more than 528,000 accounts and overhaul its practices.“We are deeply troubled by recent reports that JPMorgan Chase — the nation’s largest bank with over $3.2 trillion in assets — has renewed its predatory practice of robo-signing purported evidence of credit card debt to sue customers during the pandemic,” wrote the six senators, including Sherrod Brown of Ohio, the Banking Committee’s chairman.
Tom Kelly, a spokesman for the bank, said its specialists reviewed routine affidavits for an average of 30 minutes to ensure their accuracy before they were filed in court.
trade officials announced on Monday, will maintain some protections for American metal makers by transforming the current 25 percent tariff on Japanese steel into a so-called tariff-rate quota, an arrangement in which higher levels of imports are met with higher duties.
The deal will place restrictions on products that are finished in Japan using steel from other countries.
The official said the countries would continue to negotiate over Japan’s steps to reduce excess capacity in its steel sector, as well as to lower the carbon emissions generated by the steel industry, which was a focus of a United States steel agreement with the European Union in October.
“Today’s announcement builds on the deal we struck with the E.U.
Trump did lift or scale back the tariffs on certain countries, including Mexico and Canada, in return for trade concessions, but many governments remained subject to the levies.
The trade barriers pleased many domestic metal makers and unions, which said they were necessary to preserve American industry and compete with a glut of cheap foreign metal from countries like China.
“We appreciate the Biden administration’s continued recognition that the American steel industry is critical to our national and economic security and to efforts to build a more sustainable U.S.
In a video over the weekend, Rogan apologized and called it “the most regretful and shameful thing that I’ve ever had to talk about publicly,” though he also said that at the times he made those comments — over 12 years of his podcast, Rogan said — he had believed that they were acceptable in context.
Spotify licenses most of its music from record labels and music distributors, and music from Black artists and other minorities are among the most popular on the platform; Spotify has also promoted minority podcasters with its “Sound Up” program, for example.
24, when Neil Young demanded that his music be removed from Spotify, citing complaints from health professionals about Covid-19 misinformation on Rogan’s show, the company has faced a mini boycott from musicians, and constant criticism online.
In media circles, Spotify’s stance over Rogan has also raised questions about the responsibility of online companies to police the content on their platforms. In recent years, Facebook, Twitter, YouTube and others have come under frequent attack for the content they host, usually about politics or the pandemic.
In a company town hall last week, he told employees that despite its exclusive arrangement with Rogan, Spotify did not have advance approval of his shows, and could remove his episodes only if they ran afoul of Spotify’s content guidelines.
The commission sued Mr. Musk in 2018 after he said on Twitter that he had “funding secured” to take Tesla private at $420 a share, when that plan was still in its infancy.
The settlement was amended in 2019 after the commission sought to hold him in contempt of court for discussing Tesla’s production outlook on Twitter without running the statements by a lawyer first.
The National Highway Traffic Safety Administration is investigating whether the company’s Autopilot driver-assistance system has defects that pose a safety risk.
In October, a California jury ordered Tesla to pay nearly $137 million to a Black elevator operator who accused the company of ignoring racial abuse at its factory.
“As a result of our efforts, Fannie Mae has implemented practices that we believe represent the gold standard for maintaining and marketing foreclosed homes equitably,” Lisa Rice, president of the National Fair Housing Alliance, said in a statement.
Several years ago, the Federal Housing Finance Agency, which regulates Fannie, limited the ability of the mortgage finance firm to sell foreclosed homes to investors who wanted contract-for-deed deals.
Spirit Airlines and Frontier Airlines, two prominent budget carriers, on Monday announced plans to merge, a combination that would create the fifth-largest U.S.
The airlines, which offer 1,000 daily flights serving destinations in the United States, the Caribbean and Latin America, said in a statement that the merger would save consumers $1 billion annually, and that the airlines would not lay off employees because of it.
The deal could face pushback from the Biden administration, which has increasingly challenged such mergers and partnerships in court.
airline industry has undergone a tremendous amount of consolidation over the past two decades, with the nation’s four largest airlines controlling about 80 percent of the domestic market.
Barry Biffle, Frontier’s chief executive, said the airlines had reached out to the Biden administration about the merger and expected it would be well received.
Although every carrier was devastated over the past two years, Spirit and Frontier have bounced back more quickly thanks to an early rebound in domestic leisure travel, their core business.
The merger is expected to close in the second half of the year, subject to regulatory review and approval of Spirit shareholders.
Under the agreement, owners of Frontier’s equity would control 51.5 percent of the combined company, and Frontier would name seven of 12 board members.
Indigo held a controlling interest in Spirit from 2006 to 2013, when it sold Spirit and bought Frontier.
The private equity firm has also advised and invested in Tigerair in Singapore, Volaris in Mexico and Wizz Air in Europe.
The airlines sometimes serve the same cities, but they overlap in only about 18 percent of their routes, according to Cirium, an aviation data provider.
The airlines said that together they would be able to serve destinations that one or both had abandoned, including Jackson, Miss.; Birmingham, Ala.; and Dulles International Airport near Washington.
By joining forces, the airlines assert, they will be able to offer more flights on existing routes, giving customers more choices and allowing the new company to better respond to disruptions.
“I think it’s a slam dunk, not a reduction of competition,” said Robert Mann, an industry analyst and consultant.
The combination would consolidate the airlines’ hold over some airports, which could put pressure on other carriers, such as JetBlue, Alaska Airlines, Hawaiian Airlines and Allegiant Airlines, to join forces through partnerships or mergers.
American Airlines, which is based in Fort Worth, holds a more than 80 percent share of the market at Dallas-Fort Worth International Airport, according to Cirium data.
In addition to regulatory approval, Spirit and Frontier will have to renegotiate contracts with their unions, which were notified of the deal on Monday.
Other airline stocks were also up on the news, which is not usually how shares of competitors react to the potential entry of a “disruptive” new challenger.
A mix of rising inflation and slowing profits, along with the lingering effects of the pandemic, has unsettled markets in recent weeks.
Last year, researchers at the Federal Reserve Bank of New York said computer traders, and the start of trading in Europe, were largely responsible for overnight swings in stock prices.
But some see a more nefarious explanation: Bruce Knuteson, a former quantitative analyst at the hedge fund D.E.
Some say that operators of after-hours trading venues should act like market makers do during normal trading hours, stepping in between buyers and sellers to smooth out movements.
Under federal procurement law, the government generally cannot deny contracts to companies it deems hostile to labor unions.
Union officials and labor experts consider Mr. Biden to be among the most pro-labor presidents ever.
Mr. Biden has occasionally used his bully pulpit to urge employers not to undermine workers’ labor rights or bargaining positions, as when he warned against coercing workers who were weighing unionizing during a prominent union election at Amazon last year.
Last week, Mr. Biden signed an executive order requiring so-called project labor agreements — agreements between construction unions and contractors that set wages and working conditions — on federal construction projects worth more than $35 million, a move that the White House estimates could affect nearly 200,000 workers.
The Protecting the Right to Organize Act, or PRO Act, which Mr. Biden supports, would make it easier to unionize by preventing companies from holding mandatory anti-union meetings and imposing financial penalties on employers that retaliate against workers seeking to unionize.
Pfizer earnings: The pharmaceutical giant will publish its quarterly financial report for the three months ending in December.
Trade deficit report: The Commerce Department is set to publish data on the nation’s international trade deficit.
Disney earnings: Investors will be watching to get a better idea of subscriber growth at the end of last year for the Disney+ streaming service, which did not grow as quickly as expected in the fall.
Uber earnings: Uber’s investment in the Chinese company Didi has hampered its bottom line amid China’s crackdown on big tech companies.
Consumer Price Index: The latest report on inflation from the Labor Department is expected to show that consumer prices kept climbing in January, in part because of continued supply chain disruptions.
Coca-Cola, PepsiCo and Kellogg earnings: Three food giants will provide details on how supply chain bottlenecks during the last three months of 2021 affected profits.
Twitter earnings: After Meta’s disappointing quarterly earnings report, investors will find out how Twitter’s ad business fared at the end of last year.
Consumer sentiment: The University of Michigan will publish preliminary results for its consumer sentiment index, which measures how Americans feel about the economy.
Investors are closely monitoring how companies are performing ahead of several interest rate increases expected from the Federal Reserve as it pulls back on its accommodative monetary policy to cool down inflation.