Holiday Trip Tips: Time Warner Center in New York City
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For average New Yorkers, it's a staycation. For out-of-towners, it's an urban destination.
Any way you slice it, the Time Warner Center (TWC) is a must-try for those looking for a one-stop culinary and travel adventure.
Situated in New York City's beautiful Columbus Circle, the Time Warner Center is home to the Columbus Center shops, boasting a range of everything from Hugo Boss to H&M, a selection of cocktail lounges and, of course, some of the city and arguably the world’s best restaurants.
Perhaps the best time to visit is during the holiday season. The building constructs its "Holiday Under the Stars" display on the soaring glass wall that overlooks Columbus Circle. The best way to take in the holiday light show is front and center, no pun intended, at the very chic Center Bar located on the fourth level. Center Bar serves some light bites such as wasabi tuna and a tequila pepper stuffed with goat cheese that is most satisfying. Its menu also contains a range of avant-garde cocktails, well-chosen wines, and festive champagnes; it's an amazing spot to sip a drink, relax, and experience the light and music show. I found it to be a lovely reprieve if one had been shopping far too long.
For a proclaimed food lovers, the TWC might make you feel as if you've died and gone to heaven. It has three Michelin-star restaurants, including Per Se, A Voce, and Masa. For more casual dining, there are other eateries like Landmarc, Bouchon Bakery, and Porter House.
I recently dined at Porter House, where I sampled seasonal dishes such as butternut squash soup paired with a classic filet mignon, cooked to perfection at a medium temperature and served with creamy mashed potatoes and greens. For something sweet, I opted for the flourless chocolate cake, as I'm not sure I could ever turn that down. It did not disappoint. My dining companion opted for the fresh and light Belgian endive salad, the crispy baked wild salmon, and the smooth and luscious raspberry sorbet for the dessert finale. These choices were part of a fabulous prix fixe three-course meal offering that would suit pre-show guests perfectly.
Spa-goers may be taken with its sister property, the Mandarin Oriental, which can be accessed directly from the TWC. This lavish locale has a well-known world class spa with a variety of luxurious treatments to be combined easily with fantastic food and drink for an urban getaway.
TWC also offers packages that combine all your shopping, food, and entertainment needs. It is home to Jazz at Lincoln Center, which has a variety of performances as well as its own renowned Dizzy's Jazz Club.
Dizzy's is quite an anomaly for the New York City nightlife scene. While it may appear to be a city scene from the outside, once you're at a front-row table smelling the delicious Southern creations, enjoying a vintage cocktail, and listening to lively jazz music from places like Kansas City, you'll realize you've been transported back to a place and time that transforms your seat in the Big Apple.
The weather in New York can get quite bone-chilling during the holiday season and blustery winter months. A wonderful way to keep warm, entertained, and quite well-fed is to enjoy a fulfilling visit to the TWC, where fantasy meets reality in New York City.
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Holiday Trip Tips: Time Warner Center in New York City - Recipes
The Big Apple, New York New York. With the most famous skyline in the world, dominated by Empire State Building, and the scene and inspiration for countless movies, TV programs, books and songs, New York City holds a special place in the heart of any urban city lover. Nowhere in the world can you find such an eclectic mix of characters, nationalities and stories than in this bustling, thriving city that never sleeps. As a global trend-setter in fashion, food and the arts, living in New York is living in the heart of the pulse beating modern culture around the world.
With a population of approximately 8.2 million people, New York City is the most populous city of the USA, with the New York Metropolitan Area sitting as the fifth largest in the world at approximately 18.7 million people. Situated at the mouth of the Hudson River, in the Mid-Atlantic region, New York City is bordered by New Jersey and Pennsylvania to the south and by Connecticut, Massachusetts and Vermont to the east.
The city is made up of five boroughs to explore to find which bests suits your character:
Manhattan – arguably the most famous of all the boroughs of New York for its central location housing many of the city sites, including the beautiful Central Park at its heart, the Empire State Building, Times Square, Wall Street, Harlem and the trendy shopping and dining areas of SoHo and Greenwich Village.
Brooklyn – up and coming as the next trendy New York location, Brooklyn is known for Coney Island, its beaches, artists and music venues. It is the most densely populated of all of the boroughs and sits to the southeast of Manhattan.
Queens – Greeks, Latin Americans, Irish, Italians …Queens is one of the most richly culturally diverse regions in the world for the number of foreigners who call Queens home and also home of the New York Mets baseball team, the two major airports servicing the city, as well as the United States Open Tennis center and New York City’s second-largest Chinatown. Also known for Long Island City, the MoMA PS1 and the Museum of the Moving Image, it is situated to the east of Manhattan.
The Bronx – known for the Yankee Stadium, the Bronx Zoo (the largest metropolitan zoo in the country) as well as the beautiful New York Botanical Gardens and the Bronx Museum of the Arts, the Bronx has something for everybody. This borough is said to have been the beginning of hip hop and rap culture. It is located to the north of Manhattan Island.
Staten Island – with more of a suburban feel, Staten Island is connected to Brooklyn via the Verrazano-Narrows Bridge as well as the Staten Island Ferry – one of the most popular tourist attractions of the city as it glides past the Statue of Liberty, Ellis Island and lower Manhattan.
As a centre for media, culture, food, fashion, art, research, finance and trade, New York throbs non-stop with energy, life and enough things to do and interesting characters to meet to keep anyone enthralled for years.
New York experiences the full range of four seasons in its humid subtropical climate, with every season offering different charms to compliment this incredible city. Summers are humid with temperatures average around 24°C / 76.5 °F and nighttime temperatures often getting up to 32 °C / 90°F due to the urban heat island phenomenon. Winters can get to an average of 0.1°C / 32.1°F and occasionally down to -12 °C / 10 °F with a good chance of snow (and ice-skating in the city!) and occasionally snow-storms. Autumns are cool and dry with the turning leaves and spring is often the wettest time of year.
Air: There are three main airports serving New York City – John F. Kennedy International Airport (Queens) and Newark Liberty International Airport (Newark and Elizabeth, New Jersey in the west of the city) being the largest and LaGuardia Airport acting as a domestic airport. Teterboro Airport, Long Island MacArthur Airport and Stewart International Airport are also popular airports for business jet travelers and general aviation.
Train: From New York Penn Station, under Madison Square Garden in Manhattan, the Amtrack service runs express trains servicing many nation-wide cities, including Washington D.C (3/3.5h), Boston (3.5/5.5h) and Philadelphia (1/1.5h).
Bus: There are numerous bus lines connecting New York City with cities all over the east coast. From luxury to very cheap the price you pay will determine the level of quality of the bus you take. Companies include BoltBus, Greyhound, Megabus, NeOn and Peter Pan Bus Company which all have departure addresses across the city.
Holiday Trip Tips: Time Warner Center in New York City - Recipes
The mention of the Mouse brings a smile to my face, and my mind cues the montage reel of wonderful family memories.
Disney World brings out the kid in me - the excitement, the anticipation and the screaming fun - from childhood to adulthood it has been a constant in my life.
I've found the only thing better than going to Disney myself has been bringing my kids there. It's magical see that same wonderment through their eyes, and to create new family memories.
However, as magical as Disney World is - with two kids (our maiden voyage) it's also a lot of work and planning. You can still have fun and enjoy the magic if you sprinkle some pixie dust on the family - and follow my 'Must Know For Planning - Disney World With Kids' guide.
1. Study the Mouse
I've found that my preparations for Disney World were akin to studying for a (fun?!) final exam, and the preparations start 180 days in advance. Familiarize yourself with the maps of the parks, know where the rides are, check out the menus for restaurants (especially if you have picky kids), learn which rides your kids are tall enough to ride, and which they might want to do vs. avoid (some are a little scary). Having a working knowledge of the layout of Disney is very helpful.
2. Decide if you're staying onsite or off site. There are pros and cons to each.
My favorite place to stay at disney at the moderate level cost is Port Orleans French Quarter. They have Queen sized beds and I love that it's one of the smaller resorts and has an adorable New Orleans atmosphere.
Pros - parking is free at the hotel and at the parks, you're closer to the park and can use their transportation around the parks, although you can use it if you stay off site too. You are eligible for packages like free dining when it's offered, some feel it's fun to not leave the Disney campus and live in the themed Disney ambiance. They have adorably themed pools and the customer service is top notch. They don't charge a resort fee on top of their advertised room fees.
Cons- much smaller rooms/lodging, typically have the whole family sharing sleeping quarters - which we have found to be awful with small children. No kitchens, no washer/dryers in rooms, only a public pool. Depending on the hotel you stay at, it can be a hike from the parking lot to your room.
Pros: Lower cost, more room, private pools, washer/dryer, full kitchen, parking directly in front of the hotel, can reduce food costs by cooking in full kitchen.
Cons: A little further from the parks, you need to rent a car or drive there, must pay for parking $18 a day (last I saw) at the parks (or do what we did below). Lose the Disney ambiance. You aren't eligible for free dining packages.
We've stayed in a hotel, a 2 bedroom villa and a rental house. The only down side was paying for parking, which we avoided by parking at the Boardwalk and eating breakfast there, or grabbing breakfast at the Polynesian and parking there before going into the parks. I'd rather pay $20 for a quick breakfast at the Polynesian and take the monorail into Magic Kingdom versus $18 for parking at the park.. You can walk right in the back side of Epcot entering near England with about a mile walk from the Boardwalk free parking.
Hotel: I wasn't thrilled with the hotel because they charged a "resort fee" and made you pay for parking at the hotel, there wasn't space in the room and you had to pay for parking at the parks as well. I wouldn't stay at an offsite hotel again with small children.
2 Bedroom Villa: We stayed most recently at the Vistana Resort and really loved it. The cost was reasonable, we had plenty of room including separate sleeping quarters for us in one room and the kids in another, there was a huge jacuzzi tub I went in EVERY night. After a long day in the parks (and being 34 weeks pregnant) that was an amazing bonus for my feet and body. The beds were comfy, pool was large, it was very clean, we had a fully stocked kitchen and washer/dryer right there. It was on the 1st floor and we could park directly outside the door - no additional schlepping was a bonus at the end of the day. It wasn't that long of a drive into the Disney parks, approx 15min. Their shuttle service to the parks is not good though.
Rental House: We rented a house called Story Time Castle when we had 3 families (3 kids) going and that was a nice experience because there was plenty of room for everyone, there was a kitchen to help reduce the cost of eating out and prepping lunches to bring to the park, there was a washer/dryer and a princess themed room with two twin beds and a cars themed room with two twin beds, plus 3 other rooms for the adults with Queen or King sized beds. Overall there was tons of room and we loved that we could put the kids to bed at night with a monitor and go spend time floating in the private pool off the kitchen. It was about 15 minutes from the parks. The only negative was that there were bugs on the 1st floor, which I understand are hard to avoid in FL, but overall we felt it was pretty clean other than the bug issue in the bathroom on the 1st floor.
3. Develop an outline of which parks you'll visit each day in advance
I used the crowd estimator from http://www.easywdw.com/ to determine which parks would be best to go to on each day of our stay, and it seemed to work well. You can also decide which weeks to visit based on the estimated crowd capacity. If it's a holiday it's going to be busy. If you can go in January (after the first week) that is the bees knees, low crowds and non-melting weather.
I had a calendar app I used to keep track of where we were going to be when, the show times and the time of our FP+'s and reservations for dinner/lunch.
I also read several blogs that suggested touring plans for each park.
4. The early bird gets the dining and experience reservations
Make reservations for experiences (like the Bippity Boppity Boutique) and Royal Table as soon as possible because reservations are limited and can be impossible to get if you wait. You can make both 180 days in advance if you are staying on site.
5. Familiarize yourself with My Disney Experience website & download the app for your smart phone.
This will prove worthwhile in the end, but may make you want to tear your hear out initially (I'm still combing over my bald spot..)
The problem in a nutshell? It's paaaainfully slow, has hiccups, service outages, and the FastPass+ system was a clusterF even for my computer savvy self. Eventually the website and I found some common ground and it 'worked' for me once I learned its bad habits. It has gotten slightly better in the last year or so.
6. Make Fast Pass+ reservations in advance
You can always change them if you need to, but make them for the popular rides even if you think you might change them. I found that as long as your selected time slot hadn't begun you could make changes.
However, FastPass+'s (FP+) are limited and availability changes throughout the day. If you couldn't get the ride you wanted earlier in the day try again as the day goes on from your smartphone. Make your FP+'s for earlier in the day if possible, once you have used your allotted 3 per person you can add FP+ if there is availability one at a time at the kiosks throughout the park.
One of the best FastPass+ options I used was for the Electric Street Parade at Magic Kingdom. They have a roped off area for the FP+ reservations, and we got lucky and were able to sit on a bench in front of the castle and watch all the floats go by, we stayed in our seat and were able to watch the fireworks that followed. Pure Disney Magic on our last night there!
7. If you have small kids, take advantage of theirRider Switch Service - and read my hint on how to maximize this service below.
|Photo Cred: http://4travellers.com.ar/wp-content/uploads/2015/06/IMG_8962-0.jpg|
There's a special trick to working it to it's full advantage along with the FP+ system.
1. Players: Mom, Dad, Sis, Bro & Lil Bits who can't ride.
2. Each get a FP+ for Seven Dwarfs Mine Train (4 FP+ total): Dad&Bro @ 9am. Mom&Sis @10am
3. Dad&Bro get a rider switch card and use their FP+ at 9am, Mom&Sis wait with Lil Bits. When Dad&Bro are done riding Mom,Sis&Bro use the rider switch card (good for 3 people) to ride while Dad stays with Lil Bits.
4. Mom&Sis get a rider switch card and use their FP+ at 10am, Dad&Bro wait with with Lil Bits. When Mom&Sis are done riding Dad,Sis&Bro use the rider switch card (good for 3 people) to ride while mom stays with Lil Bits.
5. This way Mom&Dad both get to ride 2 times and Sis&Bro both get to ride 3 times - all with only using a total of 4FP+'s!
8. Buy extras for your digital stuff.
Remember to charge your electronics, and buy an extra memory card for your camcorders and cameras - they will come in handy. Bring a plastic sealable bag for your electronics just in case - and an extra boost of power for your smart phone if you can get one. Note that Disney has banned selfie sticks. Have fun and check out my other Disney Tips Blogs below!
Holiday Trip Tips: Time Warner Center in New York City - Recipes
Looking for NO-FEE Concierge Disney Vacation Planning? I'd love to chat with you about how to make your family's Disney Vacation (World, Land, Cruise, Aulani, Hilton Head, Adventures) seamless, fun (even for you Mom!) and full of life-long memories. Email me at [email protected] or on Facebook at Lareina with Walt's World Vacations.
When you #DisneySoHard, your stroller is your royal carriage. After you've pushed the kids for seven miles in the Florida heat it can feel more like you're schlepping around a pumpkin on wheels if you haven't used my #DisneyHacks for selecting and loading your stroller like a #DisneyBoss. Check out my Disney Hacks series here to learn how to make your life easier and how to #HackYourDisneyVacation.
- 2 mommy hooks
- 2 16-can Igloo cooler totes
- Back pack (see how to pack a #DisneyGrabBag blog here)
- Flashing LED hanger (to help you find your stroller at night or stay together with a group)
- Blanket (if there are any mornings or evenings that will be chilly)
- Wipes holder
- Hanging hand sanitizer
- Extra carabiners attached with zip ties
- Velcro mesh stroller bag
The stroller is awesome but not nearly as awesome as your informative, entertaining and humorous blog. I have a "MomCrush" on you!
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best baby stroller
Can you rent this exact stroller from any of the companies that work with disney world?
Hi there! When your kiddos have 100% outgrown the stroller, would you bring one anyways?
I was searching for a way to tell strollers apart at Disney (since I don't think "black jogging stroller" will narrow it down by much) and the idea of a tile attached is just GENIUS.
I'm Just So Social.
Christopher Nolan Is Very Upset About Warner Bros.'s HBO Move, and He's Not Alone
Warner Bros.'s decision to release all of its 2021 movies simultaneously on HBO Max and in theaters may have some fans excited, but movie industry insiders are less than thrilled, and director Christopher Nolan is making that very clear. On Monday, Nolan — who has released blockbusters like all three Dark Knight films and Inception with Warner Bros. — put out a statement that pulls no punches in criticizing the studio's surprising decision.
"Some of our industry's biggest filmmakers and most important movie stars went to bed the night before thinking they were working for the greatest movie studio and woke up to find out they were working for the worst streaming service," Nolan said in a statement to The Hollywood Reporter. He added: "Warner Bros. had an incredible machine for getting a filmmaker's work out everywhere, both in theaters and in the home, and they are dismantling it as we speak. They don't even understand what they're losing. Their decision makes no economic sense, and even the most casual Wall Street investor can see the difference between disruption and dysfunction."
On the one hand, Nolan's statement can't help but be colored by his semifailed experiment with trying to launch Tenet, his highly anticipated would-be blockbuster, exclusively in theaters during the pandemic. It opened on Sept. 3 and grossed over $350 million internationally. But, according to Variety, it's likely to lose between $50 million and $100 million for Warner Bros.
Nolan defended those numbers and in-person showings, however, in an interview with the Los Angeles Times: "I am worried that the studios are drawing the wrong conclusions from our release — that rather than looking at where the film has worked well and how that can provide them with much needed revenue, they're looking at where it hasn't lived up to pre-COVID expectations and will start using that as an excuse to make exhibition take all the losses from the pandemic instead of getting in the game and adapting — or rebuilding our business, in other words. Long term, moviegoing is a part of life, like restaurants and everything else. But right now, everybody has to adapt to a new reality."
It's not quite clear what he meant by "adapting" in this statement, although, judging by his recent criticism of the HBO Max move, he's still a staunch supporter of the traditional theatrical distribution model. Of course, that model is, for the moment and for some time still to come, not reasonable, profitable, or safe, as the COVID-19 pandemic continues to rage. While there's hope on the horizon, especially with vaccinations beginning, it's likely to still be months before moviegoing can safely resume, and even longer before enough people will be able and willing to return and pack theaters like before. The fear, perhaps, is that Warner Bros.'s move is not as temporary as they're making it seem.
Complicating matters further is the financial impact of the HBO Max move: residuals and other negotiated profit-sharing in the contracts of actors, crew, creatives, and so on will likely be affected by the move away from theaters, making a lot of people very upset and feeling shortchanged. On top of that, there's the very reasonable fear that, even though movies will only be available for a few weeks on HBO Max, they'll be quickly and easily pirated, cutting into profits even further. "Warners has made a grave mistake," one anonymous talent agent told The Hollywood Reporter. "Never have this many people been this upset with one entity."
At least some industry insiders share Nolan's frustrations, believing that the move is more about shoring up HBO Max at the expense of other Warner-owned media. In one CNBC article detailing the upheaval inside Time Warner, one former executive criticized this singular focus. "[WarnerMedia CEO] Jason [Kilar]'s belief is — wrongly — if any piece of content available anywhere other than HBO Max, it cheapens HBO Max. Jason is forgoing billions in revenue by turning his back on licensing to preserve content for HBO."
HBO Max has been plagued with issues from the start: confusing marketing that took too long to distinguish it from other HBO products, a rushed rollout, no immediate attention-grabbing original content, a lack of compatibility with certain devices, and more issues that have led to lower-than-hoped-for subscription numbers. Making all of Warner Bros.'s movies available on the platform as a theatrical alternative could drive subscriptions to HBO Max and provide consumers with new content even as the ongoing pandemic means moviegoing is still on hold, but it's understandable why so many in the movie and TV industries fear what it means for the future of entertainment.
Time Warner Inc (TWX) Stock Boasting an Amazonian Bull Case
Time Warner Inc (NYSE:TWX) shares are trading below their buyout price offered by AT&T Inc. (NYSE:T). Investors may be wise to take a bet here on TWX stock as a play on the deal going through. Aside from the merger or a potential disapproval of the deal, as once promised by President Donald Trump, investors have another reason to buy TWX stock. The DC Extended Universe just got a major boost from Wonder Woman, which will be a major story for the stock going forward.
Source: Jim Larrison via Flickr (modified)
Wonder Woman posted a great opening weekend with an estimated $103 million at the domestic box office. Internationally, the movie grossed an additional $125 million, including an impressive $38 million in China, beating the Chinese openings of Marvel blockbusters The Avengers and Guardians of the Galaxy. The domestic open was the 16 th largest comic book adaptation opening of all time, which may not seem like an amazing feat until sequels are taken out and the open ranks sixth.
In its second weekend , Wonder Woman easily beat The Mummy, losing only 45% to gross $57 million domestically. The movie took in $205 million in ten days. In comparison, other DC movies Batman v Superman, Suicide Squad and Man of Steel saw second weekend drops of 69%, 65%, and 63% respectively. Internationally, Wonder Woman added an additional $58 million taking its total to $230 million and a global gross of $435 million.
Wonder Woman sits with a 93% on Rotten Tomatoes at the time of this writing. This comes from 295 counted review.
The score for the movie on the popular movie rating website has gotten as high as 97%, making Wonder Woman one of the highest rated in the superhero movie genre.
Wonder Woman has been one of the best-reviewed superhero movies of all time. The strong critical reception and audience scores mean the movie could gross $300 million domestically. Wonder Woman is already moving steadily up the 2017 list sitting at the fifth-highest-grossing film domestically. This gives Time Warner three movies in the top ten for the current year (with Lego Batman and Kong: Skull Island).
Time Warner now sits in fourth place for the domestic box office with a 15.2% share and $757 million from nine new movies.
All of these figures and reviews are great news for TWX stock. The company is betting big on expanding the DC Extended Universe, in a similar move to what Walt Disney Co (NYSE:DIS) Marvel unit has had success at over the years. Keep in mind that Time Warner owns the rights to all of the DC Comics characters. Disney has had to share the success of Marvel characters over time with Twenty-First Century Fox Inc (NASDAQ:FOXA) (X-Men, Fantastic Four) and Sony Corp (ADR) (NYSE:SNE) (Spider-Man).
Time Warner is expanding the DC characters into movies and television, a big bet for many business lines of the company. This is a similar move to Disney’s, taking advantage of the popularity of the comic book characters to help the television, movie, video game and consumer product lines. This is good news for TWX stock, as the company is poised to win from the AT&T buyout, or win on its own with an exciting future of comic book heroes.
In November, the next DC Extended Universe film comes with Justice League hitting the big screen on Nov. 17. This movie will be Time Warner’s attempt to replicate the success of Disney’s The Avengers. The movie will feature multiple superheroes, who have had their own individual movies, or will get them in the future. The success of Wonder Woman bodes well for the anticipation of Justice League. Fans will have to wait years for the yet-to-be-announced Wonder Woman sequel, but can see her in the ensemble movie later this year.
Time Warner has locked down dates for upcoming DC Comics related movies, but has been rather quiet about the timeline of movies in the DC Extended Universe. Coming next is Aquaman, coming Dec. 21, 2018, with Shazam coming in 2019 and Cyborg in 2020. DC also has dates lined up for 2019 and 2020 that have not been assigned specific movies yet, acting only as placeholders to try and fend off potential competition.
Rumored to be in the works are movies like Justice League 2, The Batman, a Man of Steel sequel, Gotham City Sirens, a Suicide Squad sequel, Batgirl, Justice League Dark and Nightwing. It is quite possible that Time Warner is waiting to see how successful Justice League is before announcing additional lineup details.
Wonder Woman was a very important piece for the future of TWX stock.
It is also important to note that Wonder Woman could help offset the weak performance of Time Warner’s May movie King Arthur: Legend of the Sword. Costing more than $175 million, the movie grossed less than $40 million domestically and less than $150 million worldwide. Time Warner will take a hit on this movie, but the quarterly performance could be saved by Wonder Woman.
Time Warner saw the performance of Lego Batman and Kong: Skull Island help pad its financial results for the first quarter. Overall revenue increased 6% to $7.7 billion. Operating income rose 7% to $2.2 billion. The company’s Warner Brothers segment led the way with overall revenue of $3.4 billion, and also with growth of 8%. The Warner Brothers segment continues to be the biggest revenue contributor, while the Turner segment is the biggest operating income provider. Turner revenue rose 6%, but operating income for the segment stayed flat. The HBO and Warner Brothers segments saw increases to operating income in the quarter.
The biggest thing hanging over TWX stock is the pending merger with AT&T. There is a good chance this deal goes through by the end of 2017, and shareholders will be rewarded with the buyout price. If the deal doesn’t go through, shares may see a dip, but I believe they are well positioned long term with catalysts like DC Comics movies.
As of this writing, Chris Katje did not hold a position in any of the aforementioned securities. You can reach him at @chriskatje on Twitter.
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A federal judge on Friday grilled Apple Inc Chief Executive Tim Cook over whether the iPhone maker's App Store profits from developers such as "Fortnite" maker Epic Games are justified and whether Apple faces any real competitive pressure to change its ways. Cook testified for more than two hours in Oakland, California, as the closing witness in Apple's defense against Epic's charges that the iPhone maker's App Store controls and commissions have created a monopoly that Apple illegally abuses.
Nvidia Shares Jump After Announcing 4-for-1 Stock Split
(Bloomberg) -- Nvidia Corp. shares jumped Friday after the graphics-chipmaker said it would split its shares 4-for-1 in an effort to make them more accessible to investors and employees.The split, in the form of a stock dividend, is subject to shareholder approval at the Santa Clara, California-based company’s annual meeting on June 3, Nvidia said in a statement Friday. The move, if approved, would increase the common stock to 4 billion shares. The shares jumped 3.1% as trading got underway in New York Friday.Currently Nvidia has about 622.4 million shares outstanding, valuing the company at $363.8 billion, based on Thursday’s closing share price of $584.50. The stock has gained 12% so far this year.If shareholders approve the plan, each Nvidia stockholder of record on June 21 will receive a dividend of three additional shares of common stock for every share held, to be distributed after the close of trading on July 19. Trading is expected to begin on a stock split-adjusted basis on July 20.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Zara owner Inditex to close all stores in Venezuela, local partner says
Inditex, owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review, a spokesperson for Phoenix World Trade said. Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007. "Phoenix World Trade is re-evaluating the commercial presence of its franchised brands Zara, Bershka and Pull&Bear in Venezuela, to make it consistent with the new model of integration and digital transformation announced by Inditex," the company said in response to a Reuters request.
Microsoft exec says CEOs that force workers back into the office ‘are missing the point’
According to Microsoft, companies that don't offer employees the ability to work from home will miss out on top talent.
Daimler Disagrees With Tesla and VW’s Batteries-or-Bust View
(Bloomberg) -- Daimler AG’s truck chief expects hydrogen-powered big rigs to play an important role in slashing emissions from the transportation sector despite the technological hurdles and skepticism raised by two prominent rivals.Focusing solely on battery-electric vehicles would be risky because of the scarcity of certain raw materials and challenges grids will have supporting wide-ranging charging networks for trucks and buses, Martin Daum, Daimler Truck’s chief executive officer, said in a phone interview.“We cannot afford to bank on just one technology to reach the climate goals,” Daum said. “The focus until 2025 will be 100% on battery-electric vehicles. Between 2025 and 2035, we’re going to need both battery-electric and fuel cell vehicles because the massively growing infrastructure requirements require a two-legged approach.”Fuel cells, which generate electricity from hydrogen and therefore eliminate the need to recharge batteries, have been touted for years as a potential alternative to combustion engines. But high costs and sparse fueling infrastructure have stood in the way of broader adoption and left the technology far behind battery-electric powertrains in the passenger-car market.Electrifying commercial vehicles is more complex -- they’re larger, heavier and used for everything from deliveries to supermarkets in urban areas to long-haul transport in remote areas. Daimler recently formed a joint venture with rival Volvo AB to jointly develop fuel cell stacks.Daimler’s DetractorsWhile prominent industry leaders including Tesla Inc.’s Elon Musk and Volkswagen AG’s Herbert Diess have repeatedly criticized fuel cells and argued battery power is the only way forward, Daimler and Volvo aren’t alone in seeing long-term potential.“Decarbonization of the energy mix represents the most profound shift in energy since the start of the industrial revolution,” Sanford Bernstein analysts led by Neil Beveridge said in a note to clients. “It is simply impossible to reach net zero by 2050 without hydrogen playing a major role.”Daimler’s truck division is the world’s largest maker of commercial vehicles and on track to be spun off from the Mercedes-Benz luxury-car operations this year. The split reflects the diverging technology trends between passenger cars and commercial vehicles. Both will need enormous investment in new technology to comply with stricter emissions standards.Daum, 61, mapped out more aggressive profitability targets on Thursday and objectives to generate the funds needed to navigate the industry’s transformation.“We want to be a resilient company that can avoid losses even in difficult years,” he said. The unit plans to list at the Frankfurt stock exchange later this year and could enter the country’s blue-chip DAX Index.Global PresenceDaimler boasts a truly global footprint that’s unique among commercial-vehicle manufacturers. While Volvo just trimmed its presence in Asia by selling its UD Trucks business in Japan, VW’s Traton SE unit is finishing its takeover of U.S. truckmaker Navistar International Corp. next quarter.Apart from Mercedes trucks, Daimler’s trucks and buses division comprises Fuso in Japan, BharatBenz in India, Setra in Germany and Freightliner, Thomas Built and Western Star in North America.The company has relied heavily on profits from Freightliner in recent years, as North America tends to generate much of the industry’s earnings. Executives said Thursday that boosting profitability at European operations will be a top priority and pledged to reduce personnel and material costs to become more competitive in the region.Asked whether Daimler may consider an acquisition of CNH Industrial NV’s Italian business Iveco, Daum said his focus is on the company’s own operations. “I don’t see the need for us to add an asset to our European business,” he said. “There are no plans for any structural changes.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
CANADA FX DEBT-Canadian dollar nears 6-year high as inflation concerns ease
* Canadian dollar strengthens 0.2% against the greenback * For the week, the loonie is on track to gain 0.6% * Canadian retail sales rise 3.6% in March * Price of U.S. oil rises 1.9% TORONTO, May 21 (Reuters) - The Canadian dollar rose against its U.S. counterpart on Friday as investor worries about U.S. inflation receded and domestic data showed retail sales climbing in March, with the loonie moving closer to a six-year high notched earlier in the week. Canadian retail sales rose 3.6% in March from February, surpassing estimates for a 2.3% increase, data from Statistics Canada showed. World stock markets edged higher after a volatile week, taking their lead from a stronger Wall Street as U.S. business activity data tempered inflation fears.
S&P 500 Price Forecast – S&P 500 Gives Up Early Gains
The S&P 500 initially rallied on Friday to reach towards the 4200 level before pulling back again. At this point time, the market is likely to continue to grind away in order to build up the necessary momentum to break out.
Bond Traders in Limbo on Yields’ Path With Volatility Slumping
(Bloomberg) -- Expectations for volatility in Treasuries, by at least one measure, are about as low as they’ve been in months, driving home that the jury is still out on the next step for yields in the world’s biggest bond market.U.S. government debt is staging a modest rebound this quarter, after a rout in the first three months of the year delivered the worst losses since 1980. Yields are now stuck in a range, with traders still flummoxed by some of the key questions looming over the economy: whether the rebound from the pandemic will prove sustainable, and whether building inflation pressures will be temporary, as the Federal Reserve maintains.Subadra Rajappa at Societe Generale and Gregory Faranello at AmeriVet Securities say the next chapter in solving that puzzle may not come until early June with the release of monthly jobs data. The fresh take is especially important given the Fed’s focus on the labor market and after the previous report was much weaker than forecast.That leaves traders in limbo. The ICE BofA MOVE Index, which tracks implied price swings in Treasuries over the next month, is around its lowest since February. The 10-year yield’s range this past week, of just under 9 basis points, was the narrowest since January. This month, the rate reached as low as 1.46% on the unexpectedly weak labor data, and peaked at 1.7% in the wake of a surge in consumer prices.“This type of range trading will last until we have some level of confidence for the trajectory of the economy,” said Rajappa, head of U.S. rates strategy at SocGen. “As far as inflation, most clients already expect persistence of high inflation prints for the remainder of the year.”This week, soft demand at an auction of 10-year inflation-protected Treasuries suggested confidence in the Fed’s narrative that the acceleration in consumer prices is unlikely to be sustained.Employment GoalBut the labor data will be key going forward because the central bank has signaled that it’s focused on testing the outer limits of full employment, calling it a broad and inclusive goal, while permitting inflation to overshoot its 2% target. So gauging the progress in recouping jobs lost to the pandemic will be paramount for traders assessing when officials will start backing away from their ultra-loose stance on interest rates.Traders are betting the economy will be strong enough for the Fed to start lifting borrowing costs in early 2023. Policy makers, meanwhile, project rates will still be near zero at least through the end of that year.The Fed has said the process of removing accommodation will begin with tapering its bond-buying program. On Wednesday, the prospect of such a pullback triggered a temporary rise in yields after April’s policy-meeting minutes showed some officials were open to discuss tapering at “upcoming meetings.”In the week ahead, Governor Lael Brainard and Atlanta Fed President Raphael Bostic are scheduled to speak, after having said previously that the economy still needs the support.Ultimately, Rajappa and Faranello both see the year closing with 10-year yields above current levels of roughly 1.6%. Rajappa forecasts 2% at year-end. Faranello sees scope for a bit higher, but expects buyers to limit the climb.Pressure for higher global yields may come from Europe. An improving vaccine rollout and bets on an economic comeback have lifted 10-year German yields to the point where some investors are warning of a break above zero for the first time in more than two years.Inflation DataThe week ahead does bring some economic data of note. A measure of consumer prices known as the personal consumption expenditure price index, which the Fed officially targets, is forecast to show a jump of 3.5% in April, which would be the highest in more than a decade. And the University of Michigan’s survey-based measure of inflation expectations over the next 5 to 10 years is on the radar after a preliminary reading rose to the highest since 2011.“Whether these inflationary pressures are transitory or not, nobody really knows,” Faranello said. “But the Fed wants to get people back to work, and that’s a big challenge given the bottlenecks between job openings and people just not going back for a myriad of different reasons. So the market needs more clarity on the the employment picture.”What to WatchThe economic calendarMay 24: Chicago Fed national activity indexMay 25: FHFA house price index S&P CoreLogic home prices new home sales Conference Board consumer confidence Richmond Fed manufacturing indexMay 26: MBA mortgage applicationsMay 27: Durable goods/capital goods orders GDP jobless claims Langer consumer comfort pending home sales Kansas City Fed manufacturing activityMay 28: Advance goods trade balance wholesale/retail inventories personal income/spending PCE deflator MNI Chicago PMI University of Michigan sentimentThe Fed calendar:May 24: Fed Governor Lael Brainard Cleveland Fed’s Loretta Mester Atlanta Fed’s Raphael Bostic Kansas City Fed’s Esther GeorgeMay 25: Chicago Fed’s Charles Evans Richmond Fed’s Thomas Barkin Vice Chair for Supervision Randal QuarlesMay 26: Quarles in two appearancesThe auction calendar:May 24: 13-, 26-week billsMay 25: 42-day cash-management bills 2-year notesMay 26: 2-year floating-rate notes 5-year notesMay 27: 4-, 8-week bills 7-year notesMore stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Snoop Dogg-Backed Oxford Cannabinoid Fluctuates in Debut
(Bloomberg) -- Oxford Cannabinoid Technologies, the U.K. prescription drug company that counts rapper Snoop Dogg among its investors, swung wildly between gains and losses on its London stock-market debut, capping a volatile week for investors.The stock opened 50% higher, but then reversed the advance to fall as much as 15%, before trading up 1% at 5.05 pence as of 1:25 p.m. in London.Oxford Cannabinoid -- known as OCT -- had a market capitalization of 48.5 million pounds ($68.8 million) at the start of trading. Imperial Brands holds about 11% of the company’s share capital, while Casa Verde Capital LLC -- the California-based venture firm where Snoop Dogg is a partner -- has a stake of around 2%, according to the IPO prospectus.The listing comes after a series of initial public offerings in Europe got a lukewarm reception from equity investors in a rollercoaster week for global stock markets.Software developer SUSE SA, which debuted in Germany on Wednesday, fell as much as 11%, before recovering to end its first day of trading slightly above the IPO price. Semiconductor company Alphawave IP Group Plc sank almost 10% in its first session in London last week.OCT is hoping to emulate the success of GW Pharmaceuticals Plc, a British company that made the first drug wholly derived from the cannabis plant to win U.S. FDA approval. It was acquired by Jazz Pharmaceuticals Plc for $7.2 billion this year.The U.K. has attracted a number of companies active in the cannabis field, including Cellular Goods Plc, which also has a celebrity backer in soccer star David Beckham.The U.K. “is now open to cannabis companies and being based both in London and Oxford, our DNA is very British,” Chairman Neil Mahapatra said in an interview with Bloomberg Television about the company’s decision to list in London.OCT, which develops cannabinoid-based prescription medicines, raised 16.5 million pounds ($23 million) from wealthy individuals and institutional investors in its placing.“London has been incredibly forward-thinking in now opening up to the right type of professionally run medical cannabis firms,” Mahapatra said.(Adds details throughout)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
‘The Large LBO Is Back’: Goldman Sees Return of Mega Deals
(Bloomberg) -- It’s shaping up to be a big year for debt-financed acquisitions and leveraged buyouts, according to Christina Minnis, global head of acquisition finance at Goldman Sachs Group Inc.The bank has underwritten five bridge loans in 2021 with a size of more than $10 billion, near the record of eight for a year. “We’re actually on a pace to beat that record,” Minnis said in a Bloomberg Television interview Friday. “I actually think we are in the first few innings of very large transactions.”Goldman recently wrote an $18 billion check to help AT&T Inc. finance its mega media deal with Discovery Inc. Dealmaking worldwide climbed to a record $1.1 trillion in the first quarter as the economy rebounded, and is already nearing the $2 trillion mark thanks to AT&T’s spinoff.The frenzy is not just reserved for blue-chip companies, with the outlook for leveraged buyout activity also robust. Private equity sponsors are expected to partner up for large club deals as the size of transactions increases, with some looking at buyouts that require $10 billion of equity, Minnis said. “The world of the large LBO is back.”Read more: Goldman’s Ambition to Match JPMorgan on AT&T Deal Meets RealityTop buyout firms are currently bidding for Medline Industries Inc., a medical supply company that could fetch about $30 billion and mark the return of major club deals.On the financing side, direct lenders will play an important part as dealmaking surges, Minnis said. Owl Rock Capital Partners, for example, is leading a $2.3 billion loan to help fund the buyout of Calypso Technologies Inc. by Thoma Bravo, one of the biggest deals ever seen in the private debt market.“I don’t see the direct lenders pulling back at all, in fact I see them being a very important force,” and Goldman Sachs will partner with many of them going forward, Minnis said.The Covid-19 outbreak caused many companies to shift into survival mode, but now they’re focused on how to grow in a post-pandemic world, Minnis said. And she’s bullish on Europe as well, noting exceptionally busy activity both in the region and through cross-border deals.“The European leveraged finance markets are very strong, as strong as we’ve seen in years,” she said.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Market Wrap: China Breaks Crypto as Bitcoin Falls to $36K, ETH Drops $300 in Two Hours
Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.
Holiday Trip Tips: Time Warner Center in New York City - Recipes
We brought our 5 year old daughter "S" and our 17 month old son "E" to Disney in December 2013 - here are my take away tips for what made our experience MAGICAL!
- T-shirt, shorts, pants, long sleeved shirt, socks, underwear in a large plastic ziploc bag (which can be handy to repurpose in case of vomit, accidents or wet clothes) for each kiddo plus a jacket if necessary.
- Sippy Cups filled with ice (they will melt throughout the day keeping water cold) - plus at any quick service restaurant at Disney they will give you a FREE cup of water and ice to refresh your sippy cups throughout the day.
- Snacks - I used a snack tower that had freeze dried yogurt, crackers, puffs, honey nut cheerios, and goldfish. The squeeze apple sauce was great too - perfect for when you're waiting in line and the kids are hungry between meals.
- Mini first aid kit - band aids, alcohol swabs, triple antibiotic, advil
- Sunscreen - spray, cream and stick - multiple applications will be necessary
- Diapers/Wipes (grab 3 more than you think you'll need).
- Toys/Entertainment - I brought tiny play dough containers, bubbles, crayons and a small pad of paper. Using small light things that will entertain the kids are great for when you're waiting in line or at a restaurant.
- Autograph books w/ attached pen
- Ponchos (if we thought we might need them) if the weather looked good we left them in the car.
- Camera, camcorder
- Phone & charger
As of the writing of this blog Disney will give you a free cup of ice water at any quick serve location, and we poured those cups of water into our wide-mouthed water bottles to keep hydrated around the park. We used the frozen water bottle as an ice pack in our insulated bags with our lunch, cheese sticks and frozen yogurts (a frozen cup of yogurt that thaws over the day) to save $ on food.
3. Get a mommy hook - or two! We used these to hook our back pack on for easy grab and go access, and it came in handy for any purchases we made around the park.
4. Find your stroller day or night.
Stroller parking is required for the majority of rides, and those
f**king impish stroller attendants will move them - often clear to the opposite side of where you parked it.
I combated this in two ways.
Daytime: Flag or balloon attached so you could look out over the sea of strollers and spot yours. I think a neon flag would be best.
Nighttime: Bike blinker to help us locate it. The parking areas are not well lit and finding the right stroller in the dark can get.. time consuming.
I've never seen so many double strollers in my life.
5. Buy glow necklaces at the Dollar Tree before you go - this will save you mad $ and help keep track of your kids when the sun goes down. We got matching ones for the whole family for easy visualization in the crowds of people.
6. DIY personalized autograph book and save $.
Ours cost about $3 and we were able to personalize it instead of the $15 they charge in the park. I got the notebooks at the Dollar Tree, we had the pens, and I bought the stickers at Hobby Lobby. Attach a click gel pen to the book with a ribbon so everything is all put together and you're not left looking for the pen.
7. Label your kids Magic Bands with Information - I used a sharpie and wrote "S's" name and our cell phone numbers in case she got lost. We also instructed her that if she did get lost to find an adult that had a kid with them, or find a cast member that was wearing a Disney name tag for help.
8. Let your kids nap wherever, and take the day as it goes - I read a lot of blogs urging me to go back to the hotel for nap time with our 17 month old. I felt like this was going to KILL our ability to see everything. We decided to press our luck and let E just pass out where he may in the reclined stroller - and it worked like a charm.
He'd fall asleep for an hour or so as we were walking from ride to ride and we would pick attractions where one of us would have had to wait anyway, like Splash Mountain. We also got them up earlier than normal and they went to bed far later than normal. We didn't go back to the hotel once for a nap and had no melt downs - Disney Magic.
9. Park & Eat at the Hotels - We went and grabbed a quick breakfast at the walk up counter at the Polynesian and parked our car there letting them know we were getting breakfast. Then we were able to check out the hotel (for future stays) and take the monorail right in to Magic Kindgom.
When we were going to Epcot we would park at The Boardwalk and were able to walk right into the back of Epcot by England. This was helpful when we had reservations in the World Showcase and didn't have a lot of time to get there. It's also helpful to cut the cost of parking at the park's lots and will save you $18 a car if you're not staying on site. I'd rather spend that on breakfast than on parking! An added bonus is that you don't have to fold up the stroller to get on the trams from the parking lots at the parks.
10. Make sure you have comfortable sneakers - I had to end up buying a new pair while we were there. They felt OK at home but after hours of walking, not so much. The new Nike Airs worked wonders for my poor feet.
11. Fully charge your electronics (cell phones, cameras, camcorders) - Bring an extra memory card and your cell phone and camera chargers into the park - you can often charge while you are eating lunch.
12. Have fun, take lots of pictures and video and check out my other Disney Tip Blogs below!
Apple Has The Best Tech Support, Dell, HP, Acer Have The Worst
After calling every major computer maker with two basic questions, Laptop Magazine determined that Apple has the best overall tech support, while Dell, HP, and Acer have the worst. Though the results aren’t surprising, the depth of the PC makers’ incompetence is truly disappointing…
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