OutFront live Mon. – Fri. 7p ET

The UK raised its level in response to events in Iraq and Syria, where ISIS militants have seized a swath of territory. Ashleigh Banfield is in for Erin Burnett.
July 24th, 2014
02:21 PM ET

Walmart shoplifting vigilante goes viral

Attention Walmart shoppers: is that cart full of stolen groceries? Some say it took nerve, others say it demonstrated stupidity when an Oklahoma man used his cellphone camera to record what he thought was a crime in progress.

CNN's Jeanne Moos reports on a confrontation over a loaded cart.


Filed under: Business • Crime • Jeanne Moos • News
July 16th, 2014
09:03 PM ET

Female Yahoo exec. accused of harassing female worker

"She made the entire story up in an attempt to save her job and avoid losing hundreds of thousands of dollars in unvested Yahoo stock," Yahoo senior director of engineering Maria Zhang said in a defamation lawsuit filed Wednesday.

Zhang was referring to former software engineer Nan Shi, who filed a complaint against Zhang, accusing her of sexual harassment. Shi is also suing Yahoo (YHOO, Tech30) and Zhang for emotional distress and wrongful termination.

Shi's complaint claims that Zhang "coerced" her to have "oral and digital sex" on multiple occasions. Shi said Zhang promised a "bright future" at the company in exchange for sexual favors. Shi said Zhang threatened to fire her if she refused.

FULL POST

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Filed under: Business • News • Tech • Yahoo
July 16th, 2014
08:28 PM ET

Time Warner rejects Murdoch's $80 Billion deal: Will Fox CEO make another offer?

He's the billionaire who doesn't like to take no for an answer. But today OutFront learned Time Warner said no to Rupert Murdoch's $80 billion proposal to add CNN's parent company to his global empire.

For size, for sports, and for ego – why Murdoch wants Time Warner

The merger with the Fox owner would have created a juggernaut - spanning an abundance of channels, movie and television studios and newspapers.

Murdoch may be down, but he has a history of getting his way.

Brian Stelter is OutFront with more.


Filed under: Business • News
July 15th, 2014
10:14 PM ET

Listen to a Comcast rep. refuse to cancel customer's service

If you've ever tried to cancel your cable service, you know how difficult it can be to do it over the phone. There's the wheeling and dealing to get you to stay.

Ryan Block was trying to cancel his Comcast service over the weekend.

After 10 minutes of getting nowhere, he started recording his conversation with a representative.

The call lasted for 18 minutes before the service was finally canceled and the call ended. The recording went viral, and Comcast responded with a statement reading in part:

"The way in which our representative communicated with them is unacceptable and not consistent with how we train our customer service representatives. We are investigating this situation and will take quick action."

Mediaite's Joe Concha is OutFront.


Filed under: Business • News • Tech
July 14th, 2014
08:41 PM ET

Citi to pay $7B mortgage settlement

Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

It includes $4 billion in penalties, $2.5 billion in mortgage modifications and other relief to homeowners, and $500 million going to five states and the Federal Deposit Insurance Corp.

The settlement means Citi will be able to avoid a civil suit by the Justice Department and mirrors similar agreements with JPMorgan Chase (JPM) and other lenders in recent years.

While Citi took a $3.8 billion hit because of the deal, which essentially wiped out its earnings for the quarter, it can afford it. Last year, the bank earned $14 billion and had $35 billion of cash on its balance sheet as of June 30.

FULL POST


Filed under: Business • Economy • News
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