Units of Walt Disney Co., the world’s largest theme-park operator, tentatively settled a lawsuit alleging they violated U.S. antitrust law by agreeing with competitors not to recruit one another’s employees.
A Los Angeles federal judge granted $50,000 bail to an assistant to Walt Disney Co. ’s head of corporate communications accused of leaking confidential stock tips about the entertainment company’s earnings .
Bonnie Hoxie, a former assistant to Walt Disney Co. corporate communications chief Zenia Mucha , admitted in court that she tried to sell confidential earnings information in a scheme with her boyfriend.
Walt Disney Co.’s plan to bar junk- food advertising from children’s programming would have cost less than $7.2 million in television ad revenue if it were in effect last year, according to estimates by Kantar Media.
R. Allen Stanford, standing trial on allegations he led a $7 billion investment fraud, appeared in an October 2008 video shown to jurors in which he decried “damn greed” on Wall Street as the financial crisis deepened.
The Securities and Exchange Commission is investigating at least five movie studios in the U.S. about their dealings with China, Reuters reported yesterday, citing an unidentified person familiar with the matter.