Bloomberg Richard Plepler and David Levy, two of the most powerful executives in US media, are leaving their posts at WarnerMedia as new boss AT&T Inc. overhauls the entertainment business it bought last year. Plepler, who helped create some of TV’s most memorable programs over three decades at HBO, said he plans to step down as chief executive officer of ...

Bloomberg The US economy was steadier than thought at the end of last year, but it’s probably too soon to give it a clean bill of health for 2019. That’s the main takeaway from the shutdown-delayed report on fourth-quarter gross domestic product, which cooled by less than expected to a 2.6 percent annualized gain thanks to surprisingly robust business investment ...

Bloomberg BlueMountain Capital Management LLC has found a potent ally in its fight to overhaul leadership of bankrupt utility giant PG&E Corp: activist investor ValueAct Capital Management. BlueMountain, a PG&E shareholder that pushed to keep PG&E out of bankruptcy, launched a proxy fight to replace its board in the days prior to the company’s Chapter 11 filing in January and ...