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Paramount’s next target in hostile takeover bid of Warner Bros. is a board of its own making

NEW YORK (AP) — Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix. Warner Bros. is in the middle of a bidding war between Paramount and Netflix. Warner’s leadership has repeatedly rebuffed overtures from Skydance-owned Paramount — and urged ...

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

WASHINGTON (AP) — The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank that President Donald Trump wants to bring under his sway. The backlash reflected the bigger stakes of a contest about the fate of the Fed’s independence, the balance of power within the federal government, and the path of the U.S. economy. Trump has long publicly lashed out against Powell for not slashing the Fed's benchmark interest rates to his liking, but the prospect of a criminal indictment was a step ...

Trump: Ban corporations from purchasing houses

WASHINGTON — President Donald Trump announced this week he wants to block large institutional investors from buying houses, saying that a ban would make it easier for younger families to buy their first homes. Trump — who has been under pressure to address voters’ concerns about ...

Achieve your financial goals in 2026

NEW YORK (AP) — The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as paying off credit card debt, saving for a new house, or simply getting more educated about ...

GM hit with $6 billion in charges as EV incentives cut, emissions standards fade

General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards. Shares slid almost 3% Friday. The charges that will be recorded in the fourth quarter follow an announcement in October that the Detroit automaker would take a $1.6 billion charge for the same reason in the previous quarter, with automakers forced to reconsider ambitious plans to convert their fleets to electric power. The EV tax credit ended in September. The clean vehicle tax credit was worth ...

Canfield native reinvents herself with self-care brand

YOUNGSTOWN — BrookeLynn Cohol, founder of the all-natural skincare and self-care brand Ella Vatour, has launched The Evolution Series. which is her collection of five essential oil blends in support of individuals going through life transitions. The series, introduced for the holiday ...