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Posted inBusiness

Lions Gate calls latest bid too low

SANTA MONICA, Calif. — Lions Gate Entertainment Inc. rejected on Tuesday the latest bid by activist investor Carl Icahn for control of the film studio, calling the offer too low. Lions Gate also said the unsolicited offer wouldn’t hamper its acquisition strategy. The company said its board voted unanimously against Icahn’s offer to buy all […]

Posted inBusiness

Executives at bailed-out firms to see pay cuts

WASHINGTON — The top earners at five big companies still living on federal bailout money will take a 15 percent pay cut this year, the Obama administration’s pay czar says — yet many will still make millions. Kenneth Feinberg also said cash salaries would be capped at $500,000 this year for the vast majority of […]