Meredith to sell Fortune for $150 million

Meredith to sell Fortune for $150 million
Meredith Corp. MDP, -1.11% said Friday that it has agreed to sell Fortune magazine to Fortune Media Group Ltd. for $150 million. Fortune Media Group is owned by Chatchaval Jiaravanon, a businessman who sits on the boards of companies including True Corporation Public Co. Ltd. and Ticon Industrial Connection Public Co. Ltd., and is the chairman and founder of Charoen... Read More

Cannabis stocks fall across the board as investors lock in recent gains

Cannabis stocks fall across the board as investors lock in recent gains
Cannabis stocks were lower across the board Friday, falling with the broader market as investors locked in some of the week’s gains. The sector is being viewed as a winner in this week’s U.S. midterm elections, where three states approved legalization measures and pro-cannabis governors were elected in several states. The Democratic Party’s success in regaining control of the House... Read More

Supreme Court Justice Ruth Bader Ginsburg has been released from the hospital

Supreme Court Justice Ruth Bader Ginsburg has been released from the hospital
Supreme Court Justice Ruth Bader Ginsburg has been discharged from the hospital, following her overnight stay from fracturing three ribs. A court spokeswoman said Ginsburg was “doing well.” Earlier, the 85-year-old was said by her nephew to be working and making jokes. Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here. Read More

‘Educated’ by Tara Westover is Amazon’s top choice for ‘Best Books’ list

‘Educated’ by Tara Westover is Amazon’s top choice for ‘Best Books’ list
“Educated: A Memoir” by Tara Westover was named Best Book of the Year by Amazon.com Inc. AMZN, -1.49% book editors, topping the Best Books of 2018 list. In the book, which President Obama also praised, Westover recounts her upbringing in a survivalist family in Idaho and eventual Ph.D. education at Cambridge University. Other books on the list include “Washington Black,”... Read More

Farfetch shares rise in early trading after revenue beats expectations

Farfetch shares rise in early trading after revenue beats expectations
Farfetch Ltd. FTCH, +2.27% shares rose 1.2% in early Friday trading after reporting third-quarter sales that beat expectations. This is Farfetch’s first earnings announcement after going public. Farfetch is a luxury fashion marketplace. The company reported a loss of $77.3 million, or 30 cents per share, after a loss of $28.2 million, or 12 cents per share, last year. Revenue... Read More

Iconix Brands shares slip as Sears weighs on performance

Iconix Brands shares slip as Sears weighs on performance
Iconix Brand Group Inc. ICON, -1.67% shares slipped 3.2% in Friday premarket trading after the consumer brands company reported third-quarter results that were hurt by the Sears Holdings Corp. SHLDQ, +22.30% bankruptcy. Iconix’s portfolio includes brands like Rampage, London Fog, Mossimo and Ed Hardy. Iconix’s net income totaled $20.2 million, or 1-cent loss per share, after a loss of $552.7... Read More