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James Pitaro named new head of ESPN

Long-time Disney executive James Pitaro has been named president of ESPN and co-chair of Disney Media Networks, the company announced Monday. Pitaro was an early favorite for the position and takes the helm as Disney readies its direct-to-consumer streaming service. He will report directly to Disney CEO Bob Iger. "Jimmy is a talented and dedicated…

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Martin Shkreli must forfeit $7.36 million: Judge

Carlo Allegri | Reuters Former drug company executive Martin Shkreli stands with his attorney Benjamin Brafman after exiting U.S. District Court upon being convicted of securities fraud, in the Brooklyn borough of New York City, U.S., August 4, 2017. Convicted fraudster Martin Shkreli will have to forfeit $7.36 million to the federal government as part…

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