Category: Business

Chicken Soup for the Soul Entertainment, the parent company of the movie rental company Redbox, which is known for its distinctive red kiosks, filed for Chapter 11 bankruptcy protection on Friday. In the filing, Chicken Soup listed debts of about $970 million, and total assets of about $414 million. It owes millions to entertainment and […]

Four months ago, China’s leaders announced what seemed like a straightforward and proven plan to recharge the economy: Subsidize consumers who want to replace old cars and household appliances. The early results are not promising. Only 113,000 cars qualified for trade-in subsidies through June 25 — a blip in a country where monthly sales exceed […]

Donors still on edge The shock waves from last week’s presidential debate are still reverberating, as President Biden and his aides sought to allay concerns from despondent Democrats and wealthy donors about his age and fitness for office. Donors are increasingly becoming reconciled to Biden remaining the Democratic nominee even after Biden’s disastrous performance. But […]

It has been nearly seven months since Hollywood resolved its strikes, but momentum still hasn’t taken hold in the entertainment industry. “Survive till ’25” has become an informal slogan among entertainment workers. But the global market for ordering new TV shows is beginning to show some signs of life, and it’s been overwhelmingly driven by […]

Severe turbulence on an Air Europa flight to Uruguay from Spain on Monday injured more than two dozen passengers, officials said, leaving several with neck and skull fractures, in at least the second case of severe injuries from turbulence worldwide in less than a month. Flight UX045 made an emergency landing early Monday in the […]

The billionaire Barry Diller is exploring a bid to take control of Paramount, the parent company of CBS, MTV and Nickelodeon, according to four people with knowledge of the matter. Mr. Diller’s digital-media conglomerate, IAC, has signed nondisclosure agreements with National Amusements, Paramount’s controlling shareholder, the people said. Nondisclosure agreements are a key step in […]

Carlos Watson, a co-founder of the digital media start-up Ozy Media, testified on Monday at his fraud trial that he had not conspired to trick investors. Instead, he said, his young media company employed strategies to build partnerships, secure advertising revenue and draw in investors. “We really thought we had a chance to do something […]

The Supreme Court on Monday gave companies more time to challenge many regulations, ruling that a six-year statute of limitations for filing lawsuits begins when a regulation first affects a company rather than when it is first issued. The ruling in the case — the latest in a series of challenges to administrative power this […]

Major components of President Biden’s student loan repayment plan can continue to operate as lawsuits challenging it wind through the legal system, a federal appellate court ruled on Sunday. That frees the administration to cut certain borrowers’ payments by as much as half, a benefit that had been previously scheduled but blocked. The order, from […]

President Biden’s son Hunter Biden sued Fox News on Sunday, arguing that a mini-series produced by the company broke the law by sharing explicit photos and videos of him without his permission. The program, “The Trial of Hunter Biden,” which first appeared in 2022 on Fox Nation, the network’s streaming service, presented a dramatized version […]