Paramount Global CEO Bob Bakish Steps Down

The entertainment giant will put in place an "Office of the CEO" through which three division heads will oversee the company. 


 
NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT

The league is in advanced stages of a new round of media-rights deals. Disney's payments would increase under a proposed deal. 


 
FCC Fines Wireless Carriers for Sharing Customer Data

Agency says four carriers sold access to customers' location data to aggregators. 


 
Peacock raising prices by $2 a month ahead of Summer Olympics

Peacock is raising prices again, a year after its last price hike and just in time for the Summer Olympics. 


 
IBM's Bet on HashiCorp to Boost Cloud Management Offerings

Its second-largest acquisition to date is geared at helping businesses manage multiple cloud platforms, and capturing the Silicon Valley company's developer following. 


 
Musk Wins China's Backing for Tesla's Driver-Assistance Service

Tentative approval for the software feature follows Musk's surprise visit to Beijing and marks a crucial victory in his push to reignite Tesla's growth. 


 
Dish Network Bondholders Sue Over EchoStar Asset Moves

Bondholders of Dish Network sued the struggling telecommunications company over transactions that they say moved billions of dollars in assets out of their reach. 


 
Hertz's Soured EV Bet Drags Down Post-Bankruptcy Stock

The rental-car company maintained equity value throughout bankruptcy, but the painful reversal of its electric-vehicle strategy has since weighed on the stock. 


 
Glass Lewis Backs 6 Activist Nominees for Norfolk Southern's Board

Norfolk Southern leaders were dealt a heavy blow in their proxy fight with activist investor Ancora Holdings after proxy advisory firm Glass Lewis endorsed six of Ancora's seven proposed board nominees. 


 
L'Occitane Owner Offers Buyout That Values Company at EUR6 Billion

The Luxembourg-based and Hong Kong-listed cosmetics company said that the offer from L'Occitane Groupe, Geiger's holding company, to buy the remaining shares would cost EUR1.7 billion.


(END) Dow Jones Newswires

04-29-24 1915ET