Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York

Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes…

NEW YORK — Denim giant Levi Strauss & Co. said Thursday that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations. The company employed about 19,100 people as of the end…

Sports Illustrated is not dead yet. The iconic publication is on life support after it was revealed Friday that The Arena Group, which runs the editorial operation, was laying off almost all its staff after its license to use the SI name was revoked. Both The Arena Group and Authentic — which owns the the…

Wrestling icon Vince McMahon resigns from WWE parent company after former employee files sex abuse lawsuit

A Boeing 757 plane operated by Delta Air Lines lost a nose wheel as it prepared to take off from Atlanta’s main airport on Saturday, according to the Federal Aviation Administration. It was the latest troubling episode involving one of the manufacturer’s aircraft. Delta Air Lines Flight 982 was preparing to take off from Hartsfield-Jackson…

President Biden on Friday canceled nearly $5 billion in student loan debt for 74,000 people, the latest effort by the administration to deliver piecemeal relief after the Supreme Court struck down Mr. Biden’s more ambitious loan cancellation plan last year. Most of the people who will benefit from the latest round are teachers, nurses, firefighters…