BRIEFCASE JAKKS' WWE DEAL LIFTS STOCK HIGHER.Byline: - Staff and Wire Services NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Shares of Jakks Pacific Inc. (JAKK) surged more than 5 percent to $18.63 after the Malibu-based toy marketer said it entered into a worldwide licensing agreement with World Wrestling Entertainment World Wrestling Entertainment, Inc. (WWE) is a publicly traded, privately controlled integrated media (focusing in television, Internet, and live events), and sports entertainment company dealing primarily in the professional wrestling industry, with major revenue sources (WWE WWE World Wrestling Entertainment, Inc. (formerly World Wrestling Federation) WWE Witwe (German: Widow) WWE William Webb Ellis (inventor of rugby) WWE World Wide Education WWE Well Woman Exam ) . The deal calls for Jakks to develop and market WWE TV Games, a gaming system with multiple games based on WWE personalities in one single controller. Jakks Pacific expects the units to retail for approximately $20. Clothier agrees to settle race suit Abercrombie & Fitch Co. has agreed to pay $40 million to black, Hispanic and Asian employees and job applicants to settle a class-action federal discrimination lawsuit that accused the clothing retailer of promoting whites at the expense of minorities, lawyers said Tuesday. The settlement, approved Tuesday morning by U.S. District Court Judge Susan Illston, requires the company to adhere to a consent decree A settlement of a lawsuit or criminal case in which a person or company agrees to take specific actions without admitting fault or guilt for the situation that led to the lawsuit. A consent decree is a settlement that is contained in a court order. that calls for the implementation of new policies and programs to promote diversity and prevent discrimination in its work force. Abercrombie & Fitch also must pay about $10 million to monitor compliance and cover attorneys' fees, although the agreement contains no admission of wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do by the company.
``We have, and always have had, no tolerance for discrimination. We decided to settle this suit because we felt that a long, drawn-out dispute would have been harmful to the company and distracting to management,'' chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mike Jeffries said in a statement Tuesday. Fox chief wants business network NEW YORK - Rupert Murdoch, chairman and chief executive of the media conglomerate News Corp., told reporters Tuesday that he hoped to launch a business news cable channel by the summer. Murdoch has already announced plans to launch a reality-show channel and has indicated an interest in the business channel, but so far he has disclosed few specific details, including the intended time frame for the launch. Speaking to reporters following the annual shareholder meeting of Fox Entertainment Group Inc., News Corp.'s U.S. entertainment subsidiary, Murdoch said he saw an opportunity for a new cable business news channel by offering more ``positive'' programming than was currently available. ``I think CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. is a pretty disappointing channel at the moment,'' Murdoch said. Trump's casinos to file bankruptcy CHERRY HILL, N.J. - Donald J. Trump's casino operations are expected to file for Chapter 11 bankruptcy as early as Monday, as part of an effort to upgrade his Atlantic City, N.J., gaming properties and refinance $1.8 billion in debt. It will be Trump's second attempt since August to turn around his casinos. The first ended in late September when the developer and reality TV star halted negotiations with Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and began looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new investors. Under a new refinancing plan announced last month, Morgan Stanley will provide a $500 million line of credit to Trump to overhaul his casinos and expand into other jurisdictions, including Pennsylvania and Las Vegas. Another lender, Beal Bank, will provide $100 million in interim financing. Trump said refurbishing his three Atlantic City casinos remains a top priority. |
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