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bank of america warns customers about account cancellations due to inactivity
Bank of America has issued a warning to customers about account cancellations due to inactivity, stating that accounts deemed "abandoned" after three years may be blocked or have funds transferred to state custody. To avoid this, customers are encouraged to regularly log in and set up alerts to monitor their account activity. The bank's policy aligns with state laws regarding unclaimed assets, which apply to various account types, including savings and retirement accounts.
arnault family partners with red bull to invest in paris fc
The Arnault family, owners of LVMH, is set to acquire a majority stake in Paris FC, aiming for a long-term sporting turnaround rather than immediate financial gains. Partnering with Red Bull, they plan to enhance the club's infrastructure and values, aspiring to elevate it to League One while emphasizing a patient approach to success.
amc theaters plans major upgrades amid box office recovery and debt challenges
AMC is poised for a box office rebound with a strong slate of films in 2025 and 2026, despite facing over $4 billion in debt. The company plans to invest $1 billion to $1.5 billion in enhancing theaters and expanding premium large-format screens, while navigating cash flow challenges. Attendance declined 12% in Q3 2024, attributed to a less resonant film slate in Europe and urban areas, but upcoming releases like "Wicked" and "Gladiator II" may improve performance.
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