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CNN – Business/Consumer

Far-right Gateway Pundit sought bankruptcy protection in ‘bad faith’ to avoid 2020 defamation suits, judge rules

By Marshall Cohen, CNN Washington (CNN) — A federal judge threw out a bankruptcy case filed by The Gateway Pundit, finding that the far-right conspiracy site was seeking bankruptcy protections in “bad faith” to avoid costly defamation lawsuits stemming from its publication of 2020 election lies. The ruling Wednesday from US bankruptcy judge Mindy Mora means the

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Disney, Hulu and Max launch streaming bundle at up to 38% discount

By Liam Reilly, CNN New York (CNN) — Warner Bros. Discovery and Disney launched a cross-studio bundle of Disney+, Hulu, and Max on Thursday, bringing the services together at a discounted price as the entertainment giants look to scale their streaming businesses. The companies said the bundle of the three services, which was first announced in May, is available to new and returning

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The NBA on July 24 rejected Warner Bros. Discovery’s offer to match a $1.8 billion bid from Amazon Prime Video to broadcast the league’s games

NBA rejects Warner Bros. Discovery’s matching offer to retain games, setting up potential legal showdown

By Liam Reilly, CNN New York (CNN) — The NBA on Wednesday rejected Warner Bros. Discovery’s offer to match a $1.8 billion per year bid from Amazon Prime Video to broadcast the league’s games, setting up a potential legal showdown between the media company and its longtime sports partner. “Warner Bros. Discovery’s most recent proposal

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A federal judge on July 24 refused to dismiss former President Donald Trump’s lawsuit against ABC News and George Stephanopoulos over the anchor’s assertion that a jury concluded Trump “raped” E. Jean Carroll.

Judge won’t dismiss Trump’s defamation suit against ABC News and George Stephanopoulos

By Marshall Cohen, CNN Washington (CNN) — A federal judge on Wednesday refused to dismiss former President Donald Trump’s lawsuit against ABC News and George Stephanopoulos over the anchor’s assertion that a jury concluded Trump had “raped” E. Jean Carroll. Trump filed the lawsuit in Florida federal court earlier this year, arguing that Stephanopoulos and the network defamed him

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Red Lobster may soon have a new owner

By Nathaniel Meyersohn, CNN New York (CNN) — Two months after filing for bankruptcy, Red Lobster is close to emerging with a new owner. Red Lobster said this week in a court filing that it will accept an existing sale offer from Fortress Credit Corp., a lender experienced in restaurant management, after the seafood chain

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We finally know what caused the global tech outage – and how much it cost

By Brian Fung, CNN (CNN) — Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty. What’s been described as the largest IT outage in history will cost Fortune 500 companies alone more

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