Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work

AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T T, -1.95% is in the process of spinning off its WarnerMedia business in a combination with Discovery Inc. DISCA, which executives have … Read more

Japan’s Geisha Turn To TV Gigs, Curry Ads to Revive a Declining Art

KYOTO, Japan—On Christmas Day last year, three dozen geisha danced, sang and talked before several hundred guests at a luxury hotel in Japan’s ancient capital. Their ancient sisters would have been shocked. For centuries, Kyoto’s geisha reserved their art for a moneyed few behind closed paper doors. Dressed in ornate kimono, they danced in customary … Read more

Here’s a Look at Some Numbers Behind Elon Musk’s Bid to Acquire Twitter

I have an urgent message for Elon Musk: When the number 58,008 is turned upside down on a calculator, the 8s looks like Bs and the 5 a bit like an S, yielding an informal anatomy term that gets a laugh from young schoolboys every time. Rhymes with “tubes.” It’s a potential game-changer for the … Read more

A retired nurse lost $43,000 to bitcoin — watch out for red flags online

A New York retired nurse lost $43,000 of her life savings to bitcoin scammers, after transferring the money to them through a malicious computer pop-up – an unfortunate reminder to be vigilant when it comes to your money. Retirement Tip of the Week: Be careful of what sites you trust, and if a pop-up or … Read more

Opinion: College net-price calculators can be wildly off — these 3 simple changes would make them more accurate

The best way to figure out how much you have to pay for college is not to go by the sticker price. Instead, it’s to go by a college’s net price, which is often much lower. That’s because the net price tells you how much you have to pay to attend a particular school after … Read more

Anglo Pacific Logs Record Profit, Sees Very Strong Business Outlook — Commodity Comment

By Jaime Llinares Taboada Anglo Pacific Group PLC on Wednesday reported a record profit for 2021 and said that the outlook for the business is very strong due to an increase in commodity prices. Here’s what the royalty and streaming company had to say: On 2021 performance: Record annual portfolio contribution of $85.6 million (2020: … Read more

Lululemon Posts Stronger Sales, Profit Room for Omicron Weighing on Business

Lululemon Athletica Inc. posted higher revenue and profit for the fourth quarter, becoming one of the few direct-to-consumer brands to find growth amid rampant supply-chain challenges and the emergence of the Omicron variant. The athleisure company on Tuesday reported net revenues of $2.1 billion in the quarter ended Jan. 30, up 23% from the previous … Read more

XPO Logistics Sells Intermodal Business to STG

XPO Logistics Inc. sold its North American intermodal segment for about $710 million, further unwinding a sprawling transportation business built up through a decade of acquisitions. The sale to freight and warehousing provider STG Logistics Inc., which XPO said was completed Thursday and was announced Friday, brings Greenwich, Conn.-based XPO closer to its goal of … Read more

Southwest adding fourth fare category intended to lure business travelers

DALLAS — Southwest Airlines will add a fourth fare category as part of changes designed to attract more business travelers and boost revenue. The new fare level will be priced higher than Southwest’s LUV, +2.45% cheapest tickets but below the airline’s top two far categories. Southwest executives think this will fill the large price gap … Read more

US business investment falls for the first time in a year. A slowing economy?

The numbers: Orders at US factories for long-lasting goods sank 2.2% in February and business investment fell for the first time in a year, suggesting high inflation and ongoing supply shortages were restraining an otherwise strong economic recovery. Orders for US durable goods — products meant to last at least three years — shrank for … Read more

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