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Weinstein Company Sale Delayed by N.Y. Attorney General Lawsuit

Under the deal, the two people said, Mr. Weinstein’s younger brother, Bob Weinstein, who has run the studio’s commercially oriented Dimension Films label, would leave the studio. Bob Weinstein had frantically tried to keep control of the company following his brother’s firing in October.The brothers, who jointly own about 42 percent of the Weinstein Company, would receive no cash from the proposed sale, according to the two people briefed on the deal. Other equity holders, including the advertising giant WPP Group, may also be wiped out.But the final-stage talks came to a screeching halt on Sunday afternoon, according to the two people briefed on the process, as the investor group received word that Mr. Schneiderman was about to file a lawsuit based on an ongoing four-month investigation into the Weinstein Company’s internal dealings.The lawsuit, which refers to Harvey Weinstein by his initials, says that the company’s management and board of directors “were repeatedly presented with credible evidence of HW’s sexual harassment” of company employees and interns “and his use of corporate employees and resources to facilitate sexual activity with third parties.”In one instance, a woman who complained to human resources later discovered that it was forwarded by email to Mr. Weinstein, the legal papers say […]

Secret Memo, Winter Games, Facebook: Your Thursday Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview Smarter Living Tips, both new and old, for a more fulfilling life. • Have you given up on your New Year’s resolution? Get back on track. • Prepare for the big game with our favorite Super Bowl recipes […]

Donald Trump, Theresa May, North Korea: Your Thursday Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview In the News Photo Credit Agence France-Presse — Getty Images • Carrie Grace, the former China editor of the BBC who resigned over unequal pay, told a panel of the British Parliament that the news agency had offered her £100,000 in back pay instead of explaining why she was earning less than male colleagues. [Evening Standard] • The U.S. authorities fined Australia’s Labor Party more than $14,000 for allegedly financing flights and travel expenses for party delegates who volunteered on the Bernie Sanders presidential campaign — a breach of U.S. election rules. [The Guardian] Continue reading the main story • Prime Minister Teresa May’s efforts to promote trade on her visit to China are shadowed by uncertainties about her hold on power and Britain’s withdrawal from the European Union […]

Europe Edition: Government Shutdown, Davos, Syria: Your Monday Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview In the News Photo Credit Erin Clare Brown for The New York Times • France is struggling to keep up with the constant stream of new migrants, leaving hundreds homeless on the icy streets of Paris. Some of them, including Jibran from Afghanistan, above, shared their stories. [The New York Times] • Spanish prosecutors will ask the Danish authorities to arrest Carles Puigdemont, the former Catalan leader, if he travels to Copenhagen for a debate he is billed to host. [Reuters] • In Afghanistan, at least 18 people were found dead after a siege at a hotel in Kabul. [The New York Times] Continue reading the main story • There were large rallies in Bucharest and other Romanian cities against a proposed revision of corruption laws. [The New York Times] • Tens of thousands of Greeks protested in Thessaloniki against talks with Macedonia aimed at ending a dispute with the neighboring former Yugoslav republic over its name. [The New York Times] • President Aleksander Vucic of Serbia made a hastily arranged visit to Kosovo to ease the fears of ethnic Serbs — fears that critics say he has stoked. [The New York Times] • A generational shift at Sinn Fein, the Irish nationalist party: Mary Lou McDonald will succeed Gerry Adams as its leader. [Reuters] • Óscar Pérez, Venezuela’s most-wanted rebel, spoke to our correspondent in the hours before he was killed. [The New York Times] • Vietnam sentenced a businessman, whom Germany said agents kidnapped in Berlin, to life in prison […]

Condé Nast Crafts Rules to Protect Models From Harassment

In a statement to The New York Times, Mr. Weber said the allegations of the models were “untrue” and that he had “never touched anyone inappropriately.” Lawyers for Mr. Testino objected to the allegations and called the credibility of the men who said they were harassed into question.Condé Nast began working on the code not long after dozens of women accused the Hollywood producer Harvey Weinstein of sexual misconduct in articles by The Times and The New Yorker, the company said. Along with Ms. Wintour, the initiative was spearheaded by Mr. Sauerberg and Jonathan Newhouse, chief executive of Condé Nast International, which will also adopt the code. (It may be modified to make it relevant for different countries and cultures.)“A crisis often results in action,” Ms. Wintour said.Though the fashion industry has been known to overlook sexual harassment in the past, there are indications, like the new Condé Nast policy, that it is beginning to push for systemic change.Under its new guidelines, the company will no longer work with models who are younger than 18. There will be no alcohol on photo sets. Photographers will not be allowed to use the set for personal work after a commissioned shoot is completed, and it is recommended that models not be left alone with photographers, makeup artists or other contributors […]

CVS Is Said to Agree to Buy Aetna, Reshaping Health Care Industry

PhotoA CVS Pharmacy store in Manhattan.Credit Shannon Stapleton/ReutersCVS has agreed to buy Aetna for about $69 billion, in a deal that would reshape the American health care industry, a person briefed on the matter said on Sunday.The transaction, one of the largest of the year, would combine the drugstore giant with one of the United States’ biggest health insurers, reflecting the increasingly blurred lines between traditionally separate spheres of the health care industry.Under the terms of the deal, CVS will pay about $207 a share, said this person, who was not authorized to speak publicly about the transaction before it was announced. Roughly $145 a share of that would be in cash, with the remainder in newly issued CVS stock.An announcement could come later on Sunday.One of the biggest drivers of the deal is Amazon, which has quietly laid the groundwork for an entry into the United States’ pharmacy business. Jeff Bezos, the Amazon chief executive, and his e-commerce juggernaut have already overturned many industries: book buying, retail shopping, groceries and Hollywood, using fierce customer loyalty and enormous reach as cudgels against incumbent players.As Amazon secures pharmacy licenses across the country, traditional drug sellers have weighed ways to fight back.Wary of Amazon’s much-rumored move into the pharmacy industry, the leaders of CVS and Aetna have met several times this year, conversations that eventually led to deal negotiations.Follow Michael J. […]

‘Mad Men’ Creator Matthew Weiner Accused of Sexual Harassment

Matthew Weiner became the latest high profile Hollywood figure to be accused of sexual harassment on Thursday when his former assistant-turned-Emmy-winning staff writer on Mad Men Kater Gordon accused him of making inappropriate comments to her on the job nearly a decade ago. […]