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 disputes with the league. Warner Bros. Discovery sued the NBA in July, claiming the league
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images 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 said it reached a prearranged deal with its bondholders
Domestic energy prices are expected to edge up again in the New Year, according to consultancy Cornwall Insight. The forecaster, which is widely regarded for its accurate predictions, said a household using a typical amount of gas and electricity would pay £1,736 a year from January. That would be a £17 a year, or 1%, rise compared with a current typical annual bill of £1,717, with prices forecast to stay
Getty Images Netflix says 60 million households worldwide tuned in live to see Mike Tyson take on Jake Paul, in the streaming giant’s first foray into live boxing. The event, which was free for subscribers, is being hailed by the tech giant as a “record breaking night”. However, fans hoping to watch have expressed their anger and disappointment after some reported Netflix crashed repeatedly throughout the fight. But there was
Getty Images Spray foam insulation is applied with a spray gun and expands to fill a given area, setting to form an insulation layer Homeowners are struggling to sell or remortgage as some major lenders are rejecting properties with spray foam insulation, the BBC has found. A quarter of the UK’s biggest mortgage providers will not lend against homes with spray foam in the roof, our research suggests. It is
Beckhoff Automation German business owner Hans Beckhoff says the country’s manufacturers are struggling In the 44 years since Beckhoff Automation opened for business, owner Hans Beckhoff says he hasn’t seen an economic crisis like this one. “You can usually expect a crisis about once every five to eight years,” says Mr Beckhoff. “This time it’s a formidable crash, a really deep one.” A German company, Beckhoff Automation makes automated control
Undercover filming of a sales pitch by a Hii Com representative An undercover investigation into the alleged mis-selling of phone contracts has revealed questionable sales practices, prompting calls for stronger regulation. The BBC has spoken to 12 small businesses who say they were misled. “I feel sick every time I think about it,” says Paul Toplass. “I’ve been in business for over 25 years. We’ve never experienced anything like this.”
Rules on the percentage of electric vehicles (EVs) car firms must sell will not be weakened, the transport secretary has said, despite growing pressure from the industry. The mandate will become tougher next year ahead of a complete ban on new diesel and petrol cars in 2035, but car makers have suggested the rules could threaten jobs. Several senior government ministers and car makers with factories in the UK will
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to be a great year,” Kate Jaspon, CFO of Dunkin’ parent Inspire Brands, said at
Almost £1bn in funding will go to delivering London-style buses nationwide as part of a massive Budget boost, the government has promised. The Department for Transport (DfT) has given more details on its plans for 2025 after announcing the funding last month. It has promised to deliver what it calls “London-style” services to every corner of the country, and said funding would be allocated based on levels of deprivation and
