In a significant development, the SEC turned down an exemption sought by Amazon.com Inc to stop its investors from considering a shareholder proposal related to racial equity at its upcoming annual general meeting (AGM). The SEC’s decision comes in the… Read More ›
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
According to the results of a survey by KPMG, most major global companies have cut back on their earlier plans to reduce their use of office space following the coronavirus-induced COVID019 pandemic, despite few businesses expecting to return to normal… Read More ›
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
In a statement, the U.S. Department of Justice said, it has charged Daniel Kamensky, New York-based hedge fund Marble Ridge Capital LP’s founder, with pressuring a rival not to bid for assets related to Neiman Marcus’ bankruptcy so that he… Read More ›
On Monday, J. Crew Group Inc filed for bankruptcy protection adding to a string of brick-and-mortar retailers who have been pushed to the brink by widespread store closures in response to the coronavirus pandemic. New York-based J. Crew filed for… Read More ›
In a statement, the local county manager of U.S. electric carmaker Tesla Inc stated, the on-site staff at its Nevada battery plant will be slashed by 75% because of the Wuhan coronavirus. The development comes in the wake of Panasonic… Read More ›
Midst tumbling valuations and frosty political climate, large investment banks are backing out of Chinese IPOs on Wall Street, and are forced to slash the size of their deals. In the last few months, big banks including Bank of America,… Read More ›
According to an executive from Boeing, the airplane maker has identified flights lasting 14 hours or more as a “key consideration” for its global growth strategy over the next 20 years. In recent weeks, these ultra-long haul flights have grabbed… Read More ›
15 U.S. States, headed by the Attorney General of New York and California, have filed a lawsuit against the merger saying it is anti-competitive and will raise costs by more than $4.5 billion annually for residents. In a significant development,… Read More ›
