Media mogul Rupert Murdoch and model-actor Jerry Hall are calling it quits, reportedly filing for divorce after six years of marriage. The New York Times first reported the split Wednesday, citing “two people with knowledge of the decision.” The divorce would mark the fourth for Murdoch, the 91-year-old NewsCorp. executive chairman. Representatives for Murdoch did not respond to The Times’ request for comment. Company Town Rupert Murdoch, scrappy Fox mogul who transformed media, begins his Hollywood goodbye Thirty-four years ago, Rupert Murdoch showed up in Hollywood with $250 million, buying a stake in the 20th Century Fox film studio — even though he had little interest in making movies. Murdoch and Hall, 65, married in 2016. The six-year union, which was the Murdoch’s shortest marriage, coincided with major milestones for the tycoon’s decades-long professional career, including Disney’s eventual $71.3-billion acquisition of Murdoch’s 21st … [Read more...] about Rupert Murdoch and Jerry Hall reportedly splitting after six years of marriage
71 3 billion acquisition
Emeryville-based Clif Bar acquired by Mondel?“z International company for $2.9 billion
Emeryville-based Clif Bar & Company, which sells energy bars and other snacks, has been acquired by Mondelēz International, Inc. for $2.9 billion, company officials announced on Monday. Executives with both companies celebrated the agreement in a joint news release earlier this week, with Clif Bar chief executive officer Sally Grimes saying that Mondelēz International is “the right partner at the right time to support Clif in our next chapter of growth,” adding that both companies’ “purposes and cultures are aligned.” The acquisition includes brands CLIF, LUNA and CLIF Kid, company officials said. Grimes said joining Mondelēz International will “accelerate our growth while staying true to our deeply ingrained Five Aspirations — sustaining our people, planet, community, business, and brands — five bottom lines that have grounded our company since its founding and will remain our North Star going forward.” Dirk Van de Put, the chief executive officer of Mondelēz … [Read more...] about Emeryville-based Clif Bar acquired by Mondel?“z International company for $2.9 billion
Elon Musk tells Tesla owners that Austin factory is ‘burning’ through billions
A Tesla-recognized club of electric vehicle owners swallowed a hard pill as Elon Musk told the group in an interview published Wednesday, June 22, that the company's Austin and Berlin factories are losing billions of dollars. Musk told Tesla Owners of Silicon Valley that the factories have become "gigantic money furnaces," burning through cash faster than production because of battery production issues and delays at ports in China, Reuters reported. The million-square-foot factory in Austin , called Giga Texas, is only making a "tiny" number of cars, Musk told the group, because of problems manufacturing its more powerful "4680" batteries. Meanwhile, the tools to make the traditional 2170 batteries are held up at a port in China. The Berlin factory is only faring "slightly" because it started off with 2170 battery production. "It's really like a giant roaring sound, which is the sound of money on fire," Musk said in the interview. The CEO of Tesla Inc. is still digging … [Read more...] about Elon Musk tells Tesla owners that Austin factory is ‘burning’ through billions
Bay Area company Clif Bar bought by snack foods giant for $2.9 billion
Clif Bar, the Emeryville-based company known for the chewy energy bars collecting at the bottom of your hiking backpack, will be bought by multinational snack corporation Mondelez for $2.9 billion. Mondelez announced its plans to acquire Clif Bar on Monday, stating that the purchase price could go up depending on its financial performance during 2025 and 2026. The corporation is based in Chicago and owns famous snack products like Oreo, Cadbury, Ritz, Sour Patch Kids and Toblerone. “Mondelez International is the right partner at the right time to support Clif in our next chapter of growth,” said Sally Grimes, CEO of Clif Bar & Company, in a statement. The deal comes 22 years after Clif Bar’s owner and co-founder Gary Erickson turned down an offer from Quaker Oats to buy the company for $120 million. While that deal would’ve made him and his co-founder Lisa Thomas each $60 million richer before taxes, he instead decided to buy Thomas’s share and hold onto ownership … [Read more...] about Bay Area company Clif Bar bought by snack foods giant for $2.9 billion
As midterms approach, GOP online fundraising platform announces nearly $3 billion raised in just three years
close Video Fox News Flash top headlines for June 23 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. NEW You can now listen to Fox News articles! WinRed is marking the third anniversary since its founding by announcing it has raised nearly $3 billion dollars for more than 5,000 Republican campaigns as it plans to continue making big impacts in the 2022 midterm elections . With exclusive data provided to Fox News Digital, the GOP fundraising platform touted its outperformance of ActBlue, its Democratic rival , and outlined the success it saw in various areas as a fundraising body. "We have exceeded expectations, but have a lot more to do," said Gerrit Lansing, president of WinRed, in a statement provided to Fox News Digital. "WinRed looks forward to helping retake majorities all across America in November and continuing to keep the pedal down on expanding our products and services." WINRED … [Read more...] about As midterms approach, GOP online fundraising platform announces nearly $3 billion raised in just three years
US Government To Cancel Another $6 Billion In Student Loan Debt
(CNN) — The Biden administration has agreed to cancel an estimated $6 billion in federal student loan debt for about 200,000 borrowers who have claimed they were defrauded by their college. The administration had previously approved $25 billion in loan forgiveness for 1.3 million borrowers. Around 43 million Americans have federal student loan debt. READ MORE: Sacramento Mayor Steinberg Calls Supreme Court Ruling Striking Down Roe v. Wade ‘Dark Day For Our Country’ Many of the borrowers affected by the new agreement have been waiting years for the Department of Education to process their claims under a rule known as borrower defense to repayment. It allows borrowers who believe they were misled by their college, often over inflated job placement rates or the ability to transfer credits, to request federal student loan relief. Seven of those borrowers filed a class action lawsuit in 2019 over the department’s handling of the claims. Under former Education Secretary Betsy … [Read more...] about US Government To Cancel Another $6 Billion In Student Loan Debt
