Business

Nelson Peltz Nominates Two to Disney Board, Including Himself
Business

Nelson Peltz Nominates Two to Disney Board, Including Himself

The activist investor Nelson Peltz nominated himself and a former Walt Disney executive to the board of the Walt Disney Company on Thursday, continuing his battle with the entertainment giant over what he sees as a languishing stock price and the mishandling of its leadership succession plan.This is Mr. Peltz’s second proxy battle with Disney in two years. Last year, he fought to get on the board, saying he would cut costs, revamp Disney’s streaming business and clean up the succession planning. Mr. Peltz withdrew his demands in February when Disney put in place a restructuring plan and made billions of dollars’ worth of cost cuts.Mr. Peltz’s investment firm, Trian Partners, has been working on the fight with Ike Perlmutter, the former chairman of Marvel and one of Disney’s largest indepen...
Inflation Holds Roughly Steady Ahead of Fed Meeting
Business

Inflation Holds Roughly Steady Ahead of Fed Meeting

Inflation data released on Tuesday showed that price increases remained moderate in November, the latest sign that inflation has cooled substantially from its June 2022 peak. That’s likely to keep the Federal Reserve on track to leave interest rates unchanged at its final meeting of the year, which takes place this week.The Consumer Price Index came out just hours before the Fed began its two-day gathering, which will conclude with the release of an interest rate decision and a fresh set of quarterly economic projections at 2 p.m. on Wednesday. Jerome H. Powell, the Fed chair, is then scheduled to hold a news conference.Central bankers have embraced a recent slowdown in price increases, and Tuesday’s data largely suggested that inflation remains lower than earlier this year. Overall inflat...
Ateez Is the Fourth K-Pop Group With a No. 1 Album in 2023
Business

Ateez Is the Fourth K-Pop Group With a No. 1 Album in 2023

This week on the music charts, Ateez becomes the latest K-pop act to score the top album with a menu of collectible packages, while Brenda Lee’s 65-year-old chestnut “Rockin’ Around the Christmas Tree” holds as the No. 1 single on her 79th birthday.Ateez, an eight-member boy band from South Korea, notches its first No. 1 on the Billboard 200 album chart with “The World EP.Fin: Will,” which had the equivalent of 152,000 sales in the United States, according to the tracking service Luminate. The vast majority were for physical copies of the 12-track release, which was available in 33 collectible variations, including 26 on CD and seven on vinyl.Ateez’s album is the fifth one by a K-pop group to top the LP chart this year, after releases by Tomorrow X Together, NewJeans and Stray Kids, which ...