Fifth Season Cuts 12% Of Workforce Due To Writers & Actors Strikes

Fifth Season, the company formerly known as Endeavor Content, is cutting around 12% of its workforce as a result of the impact of the dual Hollywood strikes. The company, which is behind series such as Severance and Normal People, is axing 30 positions, across both executive and administrative roles. Related Stories Fifth Season Undergoes Layoffs; Eight Executives Leaving WGA Says […]

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Occupancy surge, pharmacy profitability key triggers for Apollo Hospitals

The June quarter numbers of the country’s largest listed healthcare services provider, Apollo Hospitals Enterprise (Apollo), were in line with Street estimates on the operational front. Net profit estimates, however, missed expectations due to higher interest and tax outgo. The revenue performance of the core hospital segment was robust, registering a 13 per cent increase over the year-ago quarter. It […]

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European Shares Seen Tad Lower On Fed Tightening Worries

European stocks may open lower on Thursday amid concerns about global interest rates staying higher for longer. The Bank of England is expected to hike rates again in late September after U.K. core CPI came in unchanged in July. The FOMC meeting minutes released on Wednesday indicated that the Fed may not be done with rate hikes. Citi economist Veronica […]

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Woman Who Fatally Shoved Beloved NYC Vocal Coach Barbara Gustern Pleads Guilty To Manslaughter, Faces Eight Years In Prison

Lauren Pazienza, who deliberately and randomly shoved 87-year-old Broadway vocal coach Barbara Gustern to the ground on a Manhattan sidewalk in 2022 causing the elderly woman’s death, changed her plea from not guilty to guilty and will be sentenced to eight years in state prison. The plea deal was announced today by Manhattan District Attorney Alvin L. Bragg, Jr. “Lauren […]

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The American Car No One Wants

Demand for automobiles in the United States has been at a fever level for three years. Prices have risen as pandemic-driven parts shortages slowed production lines. Dealers were able to charge above the manufacturer’s suggested retail price for models consumers had trouble finding. Recently, as car production has risen to normal levels, supply has jumped. Although some cars are in […]

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European Shares Edge Higher After Industrial Output, GDP Data

European shares were mostly higher on Wednesday after the release of Eurozone industrial production and Q2 GDP data. Euro area industrial production unexpectedly rose by 0.5 percent month-over-month in June 2023, after a revised flat reading in the prior month, the Eurostats reported. Separate data revealed the Eurozone economy expanded by 0.3 percent on a quarterly basis in the three […]

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After disappointing results in Q1FY24, valuation support for LIC stock

Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders’ accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new […]

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