New Leadership at ESPN, Nordstrom Board Rejects Family's Bid

ESPN has a new president, following the abrupt resignation of its former president in December. Disney appointed James Pitaro as the new head of ESPN. Previously, he was Disney's consumer products and digital chief. Pitaro will have his work cut out for him. Next month, ESPN will launch its new streaming service. The network is also facing declining viewership. Nordstrom rejected an offer from the Nordstrom family to take the company private. The board said the family's offer of $50 a share was too low. That offer would have put the company at a valuation of $8.3 billion. This was the first bid from the Nordstrom family. They've been trying to take the company private for the last year. Nordstrom went public in 1971.

More In Business

FlexIt CEO Austin Cohen On The Future Of Working Out From Home

Will the exercising at home revolution continue in a post-Covid world? Find out what the FlexIt CEO had to say, plus the company's partnership with TalkSpace.

Video Game Performers Will Strike Over AI concerns

Hollywood’s video game performers are going on strike, throwing part of the entertainment industry into another work stoppage.

Widespread Gains Send Wall Street Higher To Close a Shaky week

U.S. stocks climbed Friday to close out a bumpy week dominated by sharp, market-cleaving swings.

Tech Stocks’ Terrible, Horrible, No Good, Very Bad Week

Pretty much all the tech stocks driving the market were looking shaky—and they weren't the only ones.

Small Stocks Are About to Take over? Wall Street Is Unconvinced...

Some of the smallest stocks on Wall Street have shown much more life recently. but professional investors still aren’t convinced.

Global Shares Tumble after Big Tech’s Wipeout on Wall Street

Global shares have dropped as pessimism set in over Wall Street's nose-dive related to Big Tech's pullback.

Domino's Q2: Strong Growth Amidst Inflation and Future Challenges

Domino’s Pizza reported a 7.1% revenue rise to $1.1B amid value meal competition and inflation. Q3 may slow, with caution on growth and consumer spending.

Alphabet Prospering on AI Search Injection

Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine.

How Salesforce AI Is Revolutionizing Customer Service

Find out how Salesforce AI's customer service agent, Einstein, is changing the way you will get the answers you need. Watch!

Celebrating National Tequila Day With The Rock's Teremana Tequila

Teremana CEO Richard Black, gives us an inside look at how the spirits brand is expanding into the global market.

Load More