Media company ABC names Kimberly Godwin as new president

CBS News executive Kimberly Godwin has been named president of Walt Disney Co’s ABC News, the media company said on Wednesday, becoming the first Black woman to lead the news division of a major broadcast television network. Godwin will join ABC News in early May, replacing James Goldston. In July, ABC News fired senior executive… Read More Media company ABC names Kimberly Godwin as new president

Cryptocurrency exchange Coinbase valued at $86billion in Nasdaq debut

Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion. Coinbase’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, marks another milestone in the… Read More Cryptocurrency exchange Coinbase valued at $86billion in Nasdaq debut

French top court upholds not-guilty ruling for Cardinal Philippe Barbarin in sexual abuse case

France’s highest court for civil cases, the Cour de Cassation, on Wednesday rejected an appeal against an earlier court ruling that had found Roman Catholic cardinal Philippe Barbarin not guilty of failing to report clerical sexual abuse. Last year, an appeals court overturned a 2019 ruling against Barbarin, who was convicted of failing to report… Read More French top court upholds not-guilty ruling for Cardinal Philippe Barbarin in sexual abuse case

Toshiba CEO Nobuaki Kurumatani announces resignation

Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that KKR & Co and Brookfield are also planning offers. Satoshi Tsunakawa, who led the company before Kurumatani and until Wednesday was chairman, will once again assume the… Read More Toshiba CEO Nobuaki Kurumatani announces resignation