US regulators open 2 investigations into Ford recalls just days after penalizing the company

Just days after announcing a civil fine against Ford for moving too slowly on a recall, the U.S. government unveiled two investigations into recalls that may not have worked or covered enough vehicles Just days after announcing a civil fine against Ford for moving too slowly on a recall, the U.S. government unveiled two investigations…

NBA, Warner Bros. Discovery settle lawsuit over live game rights

NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal…

‘Inside the NBA’ will air on ESPN and ABC as part of settlement between WBD and NBA

“Inside the NBA” will continue, even though games will no longer be airing on TNT at the end of this season. The popular studio show will appear on ESPN and ABC beginning next season as part of a settlement between Warner Bros. Discovery and the NBA that was announced on Monday. Warner Bros. Discovery, the…

LeBron James’ SpringHill agrees to merge with Kardashians producer Fulwell 73

LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series “Survivor’s Remorse” in Los Angeles. Matt Sayles | AP Los Angeles Lakers star LeBron James’ entertainment business, SpringHill Co., has agreed to a merger of equals with Fulwell 73, the British television, film and music…

A data cable across Baltic Sea between Finland and Germany has broken and the cause is unknown

HELSINKI — A submarine data communications cable across the Baltic Sea between Finland and Germany has broken and the cause for the disruption is being investigated, Finnish authorities said Monday. The Finnish state-controlled data services provider, Cinia, said “a fault” was detected Monday in the C-Lion1 cable that runs nearly 1.200 kilometers (746 miles) from…

A Singapore oil magnate faces prison in a major fraud case over financing trade

KUALA LUMPUR, Malaysia — A Singapore oil magnate was sentenced Monday to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state’s reputation as Asia’s leading oil trading hub. Lim Oon Kuin, 82, was convicted in May on two counts of cheating the Hongkong and Shanghai Banking…

AMC debt threatens its ability to ride the box office rebound

Cars drive near an AMC Theater in New York City on March 29, 2023. Leonardo Munoz | View Press | Corbis News | Getty Images The domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world’s largest movie theater chain, however, isn’t on such solid footing….

China-based tool giant Vevor manipulates customer reviews while Amazon turns a blind eye: sources

A China-based company that sells $500 million a year in tools and appliances on Amazon has been accused of manipulating its customer product reviews – and competitors gripe that Amazon has been turning a blind eye, The Post has learned. Shanghai-based Vevor, which sells everything from power tools and toys to camping gear and restaurant…

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue. Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and…

Spirit Airlines files for bankruptcy protection after mounting losses

A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines, an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The carrier early Monday announced a prearranged deal with its bondholders including $300 million…

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