“I think this is a very smart move on United’s part to compete,” said Henry Harteveldt, founder of travel-industry consulting firm Atmosphere Research Group. Because it’s in Los Angeles, the airline may be going after VIP travelers in the entertainment industry, who value privacy, Harteveldt added.
The Private Suite includes dedicated security and customs screening away from the hoards in the main terminals, as well as individual suites.
The two parties have inked a legally binding memorandum of understanding (“MOU”) for the sale of a Mubadala-led consortium’s 60% equity interest in EMI Music Publishing to Sony Corporation of America.
The deal values EMI Music Publishing at $4.75 billion.
The closing of the transaction is subject to certain closing conditions, including regulatory approvals.
If the sale goes through, Sony will assume EMI Music Publishing’s existing gross indebtedness, which was approximately $1.359bn as of March 31, 2018.
As a result of the transaction, Sony will indirectly own approximately 90% of the equity in EMI Music Publishing – with the remaining 10% owned by the Jackson Estate – and it will become a consolidated subsidiary of Sony.
Kenichiro Yoshida, President and CEO, Sony Corporation said: “We are thrilled to bring EMI Music Publishing into the Sony family and maintain our number one position in the music publishing industry. I would also like to convey my gratitude to Mubadala, our equity partner in EMI Music Publishing, for sharing our long-term perspective on the potential success of music publishing and their support as we grew the business.
Apple and Samsung spent last week in a California courtroom, apparently the final stages of a patent litigation saga that has gone on for years, where a jury will decide the financial damages Samsung owes Apple for infringing on iPhone design patents.
But quite separately, Samsung is coming at Apple and the iPhone in the court of public opinion, through a new commercial that pokes fun at Apple’s revelation that it may throttle or slow down iPhones with older near-depleted batteries.
The timing of Samsung’s spot is a tad curious in that Apple apologized for the battery issue back in December and said it would offer out-of-warranty replacement batteries for as little as $29. Moreover, as recently as March, Apple came out with an iOS software update that includes a performance management tool that lets you disable the throttling that Apple says it put in place to protect devices with weak batteries from sudden, unexpected crashes.
No matter. The one-minute ad follows the travails of an increasingly frustrated woman with a seriously poky iPhone 6, who after encountering TSA, riding on an airplane and getting into what appears to be an Uber, finally takes the phone to an Apple Store.
She is told there by a fake Apple employee that she could, “turn off the performance management feature but it may lead to unexpected shutdowns.” Or, he adds, “you could just upgrade it.”
On Saturday (May 19), Offset confirmed he was in a car accident earlier in the week. The Migos rapper posted a series of photos from the crash on Instagram, including proof of his seriously damaged car and his injuries.
“This is why I thank God Every day I could have been dead from this accident thank you all for you prayers all I can say is (G O D I S R E A L G E T W I T H H I M ) H E S A V E S L I V E S,” the rapper wrote.
Fiancée Cardi B, who is expecting a baby with him, also commented on social media Saturday evening. In a since deleted tweet, she shed some light on what allegedly happened and also credited God for saving Offset.
“Crazy how Set had to swerve and hit a tree cause a crackhead was in the middle of the road trying to get hit or kill himself,” she said, “but God do unexplainable things! Luckily a man was walking by, walked him home and just vanished. The Lord is real.”
Offset was hospitalized for his injuries. In the photos he shared, he appears to be lying in a bed and a hospital bracelet can be seen.
Move over tiny houses, Wall Street investors are now tuning into tiny stocks.
Indeed, the small-is-better trend has made its way to Wall Street. Small stocks are putting up bigger gains than their large-company counterparts.
In the clearest sign of the shift in investors’ affections, the small-company Russell 2000 is the first major U.S. stock index to break out to a record high following the stock market’s first 10% correction in two years in February. On Thursday, the small-fry index gained 0.55%, while the Dow, S&P 500 and Nasdaq all finished with losses.
The average market value of stocks in the Russell 2000 is $2.5 billion, according to index provider FTSE Russell. Compare that to Apple, the most valuable stock in the large-company S&P 500 index that is closing in on a market value of $1 trillion.
Top holdings in the small-cap index include biotech drug maker Nektar Therapeutics and online food delivery service GrubHub.
Alec Young, managing director of global markets research at FTSE Russell, cites a few factors driving the better performance of small stocks. One benefit is small companies get the bulk of their revenue from within the U.S.
That shields them from headwinds faced by big companies in the S&P 500, which get nearly half of sales from overseas.
Small stocks are less impacted by a stronger dollar, which makes U.S. goods sold abroad more expensive. They also suffer less turbulence due to geopolitical and trade fears.
Source: USA TODAY
Oil prices jumped after President Trump scuttled the Iranian nuclear deal, pushing gas prices higher. Will pump prices pummel your driving budget this summer — and thereafter?
My research says no. Oil’s budget-bashing potential went the way of the eight-track. Recent price wiggles won’t last. Why?
Americans routinely fear higher oil. Memories of disco-era oil shocks, gas lines and stagflation loom large, passed on as lore from my generation to our kids. Back then, the Middle East dominated oil, given OPEC’s embargo pricing power.
But those days are dead.
Iran isn’t really crucial now. It produces about 4.5 million barrels of oil a day, exporting just 2.5 million barrels. U.S. crude production is now 10.5 million barrels a day and should reach 11.9 million barrels next year.
Saudi Arabia has promised to help some, too. We and they more than offset the 1 million barrels-a-day reduction in Iranian exports officials expect from the return of sanctions. But realistically, Iran will export as much as before. As detailed in my April 15 column, single-country sanctions never bite. Companies work around them, diverting shipments through third parties for a minor brokerage commission mark-up. The only real change is altered shipping routes. Iran sells most of its oil to China, which is unaffected by these sanctions.
To see how trivial Iran is for oil, note 2012 to 2016, when Western sanctions blocked Iranian oil exports to America and Europe. Oil prices plunged from more than $100 a barrel to $26 in January 2016. Perversely, in 2016, when Iran restarted exporting to Europe, prices rose. But other forces were dominating the market by then.
Mother’s Day 2018 just got real. After years of creative reclusion — intermittently broken by a steady string of dynamic guest vocal appearances on other artists’ projects — André 3000 has released nearly 22 minutes of new music in homage to his deceased parents.
He’s posted the two soul-baring songs, “Me&My (To Bury Your Parents)” and “Look Ma No Hands,” on SoundCloud and even created an Instagram page — likely his first foray into social media — where he’s posted handwritten lyrics to “Me&My (To Bury Your Parents),” along with song credits and a photo from childhood with he and his mother Sharon Benjamin-Hodo. The page also contains screenshots of text messages they exchanged on his 37th birthday, the day before she died in 2013. André lost his father Lawrence Walker less than a year later, in February, 2014.
“Me and my mother drivin’ to the grocery sto’ / me ridin’ shotgun with my window rolled down,” he sings on “Me&My (To Bury Your Parents),” accompanied on piano by Kevin Kendrick. “She smokes cigarettes and gets what she gets by hustlin’ harder / rollers and a nightgown.” His second verse draws the contrast, with André riding shotgun to football games with his dad, who likes to sip cognac and keeps everybody laughing. “I was much happier when he was around…,” he sings. “Zen, he was around.”