Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
While many fans have rallied behind Disney in the wake of reports that talks had broken down between the company and Sony over future Spider-Man films, at least one person is standing behind Sony — Stan Lee's daughter.
In a statement to TMZ, Joan Lee said Marvel and Disney need to be "checked and balanced" as they seek total control of her father's creations.
"Whether it's Sony or someone else's, the continued evolution of Stan's characters and his legacy deserves multiple points of view," she said. While legendary comic book writer Lee created the Spider-Man character for Marvel comics in the 1960s, Sony has owned the film rights to the character for about two decades.
Disney, which owns Marvel, and Sony had penned a deal in 2015 that would bring Spider-Man into the Marvel Cinematic Universe. In the initial deal between the two companies, Sony would allow Marvel's creative team to integrate Spider-Man into its cinematic universe and would put up 100% of the production costs.
In exchange, Disney received 5% of "first-dollar gross," or 5% of the ticket sales from the first day of the release, and retained the merchandising rights for the character. Sony would reap the rest of the box-office haul.
Disney reportedly proposed a 50/50 co-financing deal, meaning each company would put up half of the production costs and then split the profits, according to entertainment news website Deadline. Sony reportedly refused.
If talks do not resume, it is likely that Spider-Man will no longer be part of the Marvel Cinematic Universe, and that could be bad for both Sony and Marvel.
Lee seemed to support Sony's decision not to accept this new co-financing deal.
"When my father died, no one from Marvel or Disney reached out to me," Lee said. "From day one, they have commoditized my father's work and never shown him or his legacy any respect or decency. In the end, no one could have treated my father worse than Marvel and Disney's executives."
Representatives for Disney did not immediately respond to CNBC's request for comment.