Insiders

News Highlights: Top Company News of the Day

March 09, 2023 at 07:16 pm EST

Gap Pushes for Reset as Sales Swoon in Holiday Quarter

The apparel chain is seeking $300 million more in cost savings through measures that include an unspecified number of job cuts.


 
FTC Seeks to Block Intercontinental Exchange's $11.7 Billion Black Knight Deal

Antitrust agency's move is a setback for efforts by ICE, parent of the New York Stock Exchange, to become a bigger force in home-loan finance.


 
Oracle stock falls following forecast as revenue disappoints

Oracle Corp. shares fall in the extended session after the software company's revenue comes in a hair below the Wall Street consensus.


 
Twitter and Musk Face Legal Risks in FTC Probe

New details about the Federal Trade Commission's Twitter probe point to significant legal risks for the company and CEO Elon Musk as he tries to get the company on the road to long-term profitability.


 
Disney's Robert Iger Hints at Raising Streaming Prices

Chief Executive Robert Iger revealed some details of his plan to achieve profitability in the company's streaming business.


 
Fox Considered Acquiring 'The Apprentice' After 2020 Election

Rupert Murdoch and his son Lachlan Murdoch discussed acquiring rights to the show, which Donald Trump hosted on NBC before becoming president.


 
Former Goldman Sachs Banker Sentenced to 10 Years in Prison for 1MDB Scandal

Roger Ng pocketed $35 million in a scheme to steal billions from a Malaysian sovereign-wealth fund.


 
General Motors to Offer Voluntary Buyouts

The auto maker, which didn't specify how many employees are eligible, is looking to cut $2 billion in annual fixed costs.


 
Baidu Hurries to Ready China's First ChatGPT Equivalent

Employees working round-the-clock said the AI chatbot, dubbed Ernie Bot, is still in training mode ahead of a planned March 16 rollout.


 
Silvergate's Story Is About Fundamentals, Not Just Crypto

The lender's problems stemmed partly from age-old banking risks such as concentration and matching assets and liabilities

(END) Dow Jones Newswires

03-09-23 1915ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BLACK KNIGHT, INC.	75.76 USD	-.--%	+0.20%	11.74B
FOX CORPORATION	32 USD	+1.06%	+2.61%	14.47B
ORACLE CORPORATION	115.5 USD	+0.45%	-1.60%	316B
BAIDU, INC.	112.3 USD	+0.45%	+11.67%	39.19B
WALT DISNEY COMPANY (THE)	113.6 USD	+0.87%	+0.61%	207B
GENERAL MOTORS COMPANY	44.84 USD	+0.39%	-2.01%	50.94B
NEWS CORPORATION	24.42 USD	+1.73%	+0.78%	13.83B

Robert Iger

Robert Allen "Bob" Iger (born February 10, 1951) is an American businessman and the current chairman and chief executive officer of The Walt Disney Company. He was named president of Disney in 2000, and later succeeded Michael Eisner as chief executive in 2005, after a successful effort by Roy E. Disney to shake-up the management of the company. Iger oversaw the acquisition of Pixar Animation Studios in 2006, following a period of strained relations with the animation studio. He also led the company to acquire Marvel Entertainment in 2009 and Lucasfilm in 2012, further broadening Disney's intellectual property franchises.

Early life

Iger was born to a Jewish His father Arthur was a Oceanside, New York. He then began his career as a weatherman for a local television station. He joined the American Broadcasting Company in 1974 and gradually rose through its ranks. Iger was instrumental in convincing ABC to pick up David Lynch's offbeat but influential Twin Peaks. He served as president of the ABC Network Television Group from 1993–94, and then was named president and chief operating officer of ABC's corporate parent, Capital Cities/ABC. In 1996, The Walt Disney Company bought Capital Cities/ABC and renamed it ABC, Inc., where Iger remained president until 1999.

The Walt Disney Company

On February 25, 1999, Disney named Iger president of Walt Disney International, the business unit that oversees Disney's international operations, as well as chairman of the ABC Group. Disney called the change a promotion for Iger. But the company's insistence was initially viewed with skepticism, as some thought Iger was merely being removed from day-to-day authority at ABC since ABC had been struggling.

Disney named Iger its president and chief operating officer on January 24, 2000, making him the company's number two executive under Chairman and CEO Michael Eisner. The company had been without a separate president since Eisner assumed the role following the departure of Michael Ovitz in 1997, after sixteen months at Disney.

Source @ Wikipedia

View full profile