leisure – The News Desk

28Dec

By adminNo Comments

World

California’s Fast-Food Casualties – WSJ

California’s $20 an hour minimum wage for fast-food workers doesn’t take effect until April, but the casualties are already piling up. Pizza Hut franchises this week told more than 1,200 delivery drivers that they’ll lose their jobs before the higher wage kicks in. Gov. Gavin Newsom no doubt sends condolences, though what he should send is an apology. Democrats in Sacramento this autumn enacted the $20 minimum wage for fast-food workers in a deal between restaurants and labor unions. When you’ve got a gun pointed at your head, you’ll hand over your wallet, keys and bank account pin number.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

A Top Penn Entertainment Shareholder Seeks Board Seats

28Dec

By adminNo Comments

Money

A Top Penn Entertainment Shareholder Seeks Board Seats

Updated Dec. 28, 2023 8:18 am ETA top shareholder in Penn Entertainment is seeking seats on the casino operator’s board. The hedge fund HG Vora Capital Management, which has an 18.5% economic interest including swaps, is in talks with Penn about placing directors on the company’s board, according to a securities filing made on Thursday, which didn’t say how many. (Its latest 13F filing revealed an 11% stake in Penn.) Should the talks not lead anywhere, the fund might pursue a proxy fight, according to people familiar with the matter. The Wall Street Journal earlier reported on HG Vora’s position. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Pandemic's E-Commerce Stars Are Coping

27Dec

By adminNo Comments

Money

The Pandemic's E-Commerce Stars Are Coping

Online retailers that experienced dizzying growth in 2020 and 2021 are settling into their postpandemic reality.

Activision and California Agency File Settlement of Gender Discrimination Claims

22Dec

By adminNo Comments

Technology

Activision and California Agency File Settlement of Gender Discrimination Claims

Activision Blizzard and a California regulator filed a legal settlement in which the videogame company agreed to pay to resolve gender discrimination charges while the state withdrew sexual-harassment claims.The settlement between Activision and the California Civil Rights Department, if approved by a judge, would end a legal battle that helped lead to the videogame company’s sale to Microsoft. Settlement documents that both sides said were filed in California Superior Court confirm an agreement from last week.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Chinese Game Stocks Fall After China Proposes Online-Game Regulations

22Dec

By adminNo Comments

World

Chinese Game Stocks Fall After China Proposes Online-Game Regulations

Updated Dec. 22, 2023 3:40 am ETChinese gaming stocks traded in Hong Kong dropped after Beijing released draft regulations for the online game industry which included restrictions on the incentives to play or spend more online.Shares of Netease, one of China’s major online gaming companies, were 22% lower at 126.30 Hong Kong dollars (US$16.17) Friday, on track for their largest one-day loss since July 2021.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Nike Sends Warning About Slowing Consumer Spending

22Dec

By adminNo Comments

World

Nike Sends Warning About Slowing Consumer Spending

Updated Dec. 21, 2023 7:41 pm ETNike cut its revenue outlook for the year amid concerns that consumers around the world are becoming more cautious with their spending.The sneaker and apparel company on Thursday said it anticipates softer sales for the second half of the year. It also plans to shave up to $2 billion in costs over the next three years through streamlining the organization and shedding employees among other moves. Shares plunged nearly 11% in after-hours trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Games Workshop Agrees to Warhammer Film, Television Series Development With Amazon

18Dec

By adminNo Comments

World

Games Workshop Agrees to Warhammer Film, Television Series Development With Amazon

Games Workshop Group said it has entered into an agreement with Amazon Content Services for the development of films and television series.The U.K. miniature-wargaming company said Monday that it has granted Amazon exclusive rights in relation to films and television series set within the Warhammer 40,000 universe with an option to license equivalent rights in the Warhammer Fantasy universe.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

16Dec

By adminNo Comments

World

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Updated Dec. 16, 2023 4:52 pm ETActivision Blizzard has agreed to pay more than $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company. The state’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How the Maker of ‘Fortnite’ Beat Google and Got Its Mojo Back

16Dec

By adminNo Comments

World

How the Maker of ‘Fortnite’ Beat Google and Got Its Mojo Back

Videogame boss Tim Sweeney is on a winning streak.His company, closely held Epic Games, defeated tech behemoth Google in court on Monday, and its years-old megahit “Fortnite”—which served as the catalyst for the legal battle—is undergoing a resurgence in popularity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

16Dec

By adminNo Comments

World

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Updated Dec. 15, 2023 10:35 pm ETActivision Blizzard has agreed to pay more than $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.The Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8