logo
Share SHARE
FONT-SIZE Plus   Neg

Weinstein Board Terminates Co-founder Harvey Weinstein

Film producer Weinstein Co.'s board terminated co-founder Harvey Weinstein, who stepped away from the company last week after allegations of sexual harassment became public.

Weinstein had stepped away after the New York Times said he had reached settlements with at least eight women claiming to have been harassed by him. Among those agreeing to settlements were at least three employees and an unidentified actress, the Times said.

Weinstein has denied many of the allegations and said the Times story was unfair to him.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German automaker Daimler AG reported Friday lower profit in its third quarter, while revenues increased on strong unit sales. Looking ahead, for fiscal 2017, the company projects significantly higher EBIT, revenues and unit sales. The Mercedes-Benz Cars, Daimler Buses, and Daimler Financial Services divisions expect significantly higher revenues. Ericsson reported Friday wider than expected third-quarter loss on higher charges and weak sales. However, adjusted gross margin improved and the company sees positive effects on gross margin in 2018. Ericsson further said the general market conditions continue to be tough, yet it is starting to see some encouraging improvements. Ericsson shares were gaining around 5 percent in Stockholm. Target Corp. said it now plans to remodel more of its existing supercenters and open smaller stores in cities, aiming to win back shoppers in the highly competitive retail world. By the end of 2020, the company plans to remodel more than 1,000 of its 1,800 existing stores.
comments powered by Disqus
Follow RTT