Business

Latest Business News

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  I like the way you look, and I've been fired. George Zimmer out at Men's Wearhouse

  Men's Wearhouse Inc. has dismissed its founder and executive chairman George Zimmer. In a terse release issued Wednesday, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from one small Texas store using a...   10:39 AM
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  Dish exits Sprint for Clearwire

  Charlie Ergen’s Dish Network said yesterday it would abandon its pursuit of wireless provider Sprint and instead focus on a tender offer for Clearwire.  Dish said that it wouldn’t make last night’s deadline to submit a revised offer for Sprint,...   12:50 AM

• Déjà vu all over again: Bill blasts Herbalife

  Bill Ackman is back on the Herbalife attack.  The hedge-fund manager — who took a $1-billion short against Herbalife’s shares last year — reiterated...  

• Stuy hikes nixed

  More than 1,000 furious tenants at the Stuyvesant Town-Peter Cooper Village housing complex were saved from mid-lease rent increases yesterday after...   3:08 AM

• Sotheby’s auctions off its headquarters

  Going once, going twice, sold — and leased back.  At least that’s the plan, we’ve learned, for Sotheby’s current Upper East Side world headquarters. We...   10:39 AM

• Bankroller to roll film

  Legendary Entertainment, the company that financed “Man of Steel” and the “Dark Knight” movies, is talking to “everybody” in Hollywood about a new...   12:57 AM

• ‘Candy’ is dandy, IPO at hand-y

  The UK-based makers of “Candy Crush Saga” are reportedly planning a sweet deal for investors. King, the online gaming company also known as Midasplayer...   12:57 AM

• Business briefs

  Free for now Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management portfolio manager Todd Newman, sentenced to...  
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  USTA isn’t feelin’ the love for Williams doc

  Don’t slam professional tennis.  That’s the message being served by the United States Tennis Association, which is suing the makers of a new documentary on Venus and Serena Williams for copyright infringement, claiming they used unflattering...  
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  Ackman blisters Herbalife

  Bill Ackman attacked a recent survey that Herbalife says refutes allegations that it is a pyramid scheme and reiterated his call for an investigation of the company.  Ackman’s Pershing Square hedge fund said that the Nielsen survey funded by the...  

• Devils looking at angel investors

  The New Jersey Devils must have a guardian angel. The National Hockey League is in talks with two investors about taking a minority stake in the money...  
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  Pork ‘chop’ squeal: Starboard objects (again) to a company move

  Move over, Carl Icahn: There’s a new troublemaker in town.  Jeff Smith, the CEO of $1 billion hedge fund Starboard Value — while much more low-key than the tough-talking, Far Rockaway-bred Icahn — is nonetheless fast becoming one of the most...  
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  Glamour gains a new boss

  Connie Anne Phillips, a star publisher at Time Inc.’s InStyle until just recently, is returning to Condé Nast, where she will take over for Bill Wackermann as publisher of Glamour magazine.  Wackermann — a “Mr. Fix It” who didn’t quite get the job...  

• Apple beat up publisher: US

  Apple threatened to keep the books from one publisher off its iPad because the company wouldn’t agree to all of its demands, a federal court judge was...  

• A Netflix ‘Dream’

  Stock-market darling Netflix jumped 7.1 percent yesterday on an exclusive multiyear deal for a slate of new TV series from “Shrek” creator DreamWorks...  

• Fund$ for Fullscreen

  Fullscreen, a digital media company that operates 10,000 YouTube channels, is getting an influx of cash — a reported $30 million — to fuel its...  

• Business briefs

  Sprint suit Sprint has asked the Delaware Court of Chancery to prevent the consummation of the Dish tender offer for Clearwire, saying it violates...  
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  Devils again sliding into financial mess

  The New Jersey Devils are again skating on very thin financial ice, The Post has learned. The team’s cash-strapped owner, less than six months after restructuring its debt, has missed an interest payment and now risks defaulting on its new loan, a...  
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  Fullscreen YouTube channel gets Chernin-led cash infusion

  The picture is getting brighter for YouTube network Fullscreen.  The digital media company, which operates thousands of channels on Google’s video-sharing site, is getting an influx of cash to fuel its expansion.  The Chernin Group, headed by media...  

• Tweets too unsweet for Kass

  Hedge-fund manager and popular markets commentator Doug Kass has turned in his Twitter membership, saying he can no longer take the “haters.”  ...  
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  Chill factor

  Most popular songs  1. Blurred Lines, Robin Thicke 2. We Can’t Stop, Miley Cyrus 3. Get Lucky, Daft Punk 4. Can’t Hold Us, Macklemore + Ryan Lewis 5. Radioactive, Imagine Dragons 6. Come & Get It, Selena Gomez 7. Just Give Me a Reason, Pink 8. We...  

• Tony Playland sets Rockaway revival complex

  The Rockaways scene is getting increasingly upscale. Playland Motel, with a tony restaurant and pizza place, is set to open in a few weeks, Side Dish...  

• On the wet side

  It’s time to feel the spray of the sea or to hear the squeal of the reel when a big fish catches your line. For the best in summer water fun, read on....  

• NYC chieftains win pay proxy powwow

  In New York City it pays to be the boss — and how.  Chief executives of 12 companies in the Big Apple are paid five times or more than the median of...  

• Business briefs

  China trouble A top Fitch Ratings director in Beijing warned of a credit bubble in China, saying, “There is no transparency in the shadow banking...