Richard Morgan
The Archive
Sumner Redstone, billionaire media mogul, dead at 97
Sumner Redstone, the billionaire media magnate whose family company controls CBS and Viacom, and whose career spilled over from boardrooms to gossip sheets, has died. He was 97. Redstone's health...
'I think it's called growing up': Zuckerberg starts new tradition
Facebook’s Mark Zuckerberg will no longer entertain the world with his overly ambitious and often bizarre New Year’s resolutions, he said this week. The 35-year-old Facebook founder and CEO said...
Owner of Corona beer chokes on marijuana company stake
Constellation Brands took another big hit from its bet on Canadian pot company Canopy Growth, which shaved the most recent quarter’s earnings by more than 10 percent. The brewer of...
Feds mull blocking John Malone’s Sirius-iHeartRadio merger
The Department of Justice is mulling whether to meddle with billionaire John Malone’s plans to become the king of radio, The Post has learned.
Streaming services cut into 2019 box office profits
Not even the highest-grossing movie of all time could save Hollywood from a down year. Film studios produced numerous blockbusters in 2019, led by Disney’s superhero flick “Avengers: Endgame.” The...
Amazon's 'record' holiday sales helps Nasdaq blow past 9,000
Amazon’s “record-breaking” holiday season drove the stock up 4.5% on Thursday and helped lift the Nasdaq composite index above 9,000 for the first time ever. The e-commerce giant led by...
Wall Street gains expected to slow down in 2020
It’s been a surprisingly good year for Wall Street. Don’t bank on a repeat in 2020. Despite relentless political turmoil in Washington — everything from President Trump’s trade war with...
California agency eyes tax on marijuana by potency
A California agency wants to scrap the state’s complicated taxes on marijuana in favor of a single levy that takes potency into account. The pot-taxing proposal — which would make...
Major shareholder urges Comcast to settle racial discrimination suit
A major shareholder is pressuring Comcast to back down from its thorny legal battle with comedian-turned-TV producer Byron Allen — something the media mogul says he would welcome. New York...
WW International extends Oprah deal to 2025
Oprah Winfrey is grabbing a second helping of WW International, the diet company popularly known as Weight Watchers. WW on Monday said Winfrey will continue to advise the company for...
Private equity stunned to be dragged into battle between Taylor Swift and Scooter Braun
Billionaire investors like George Soros are getting dragged into the vicious battle between pop star Taylor Swift and manager-to-the-stars Scooter Braun, who recently bought the rights to her old music....
Trump announces new deal with China to end grueling trade war
President Trump on Friday announced the first phase of a new trade deal with China, signaling a possible end to the 17-month trade war between the world’s two largest economies.
US reaches 'deal in principle' with China on trade
The White House has reached a “deal in principle” to resolve the 17-month US-China trade war by agreeing to halt a round of tariffs set to kick in on Sunday,...
Delta to merge private-jet business with Wheels Up
Delta Air Lines has agreed to merge its private-jet business with private-aviation company Wheels Up to create one of the world’s largest owned and managed fleets of private aircraft. Terms...
Nestle unloads Häagen-Dazs, Dreyer's as sell-off continues
Nestle no longer screams for ice cream. The world’s leading foodmaker has agreed to sell its US ice-cream business to Froneri, a joint venture it created in 2016 with private-equity firm PAI...
'Schmoozing' fuels pay gap between men and women, study finds
The old boys’ club is still holding women back, according to a new study. But the culprit behind 38 percent of today’s gender pay gap isn’t straight-out sexism. It is,...
Canopy Growth stock up 14% after naming Constellation's David Klein as CEO
Canadian pot producer Canopy Growth Corp. saw its stock pop 14.2 percent after it named a top executive of wine-and-beer company Constellation Brands as its new CEO. Canopy on Monday...
Disney smashing box office record with $10B in ticket sales
Disney is on track to earn $10 billion in global ticket sales this year — smashing the studio industry’s previous record of $7.6 billion set in 2016. Through Sunday, the...
Merck acquiring cancer treatment company ArQule for $2.7B
Drug giant Merck & Co. agreed Monday to acquire ArQule, a cancer-treating biopharmaceutical company, for $20 per share in cash for a total equity value of around $2.7 billion. The...
Markets rocket on jobs report as investors shed recession fears
The markets surged Friday to close near all-time highs reached last week, as investors reacted to a strong jobs report. The Dow Jones Industrial Average soared 337 points, or 1.2%,...