Italian luxury group Ermenegildo Zegna has agreed for a market listing in New York this year by merging itself with a U.S. special-purpose acquisition company (SPAC) in a deal that gives the Italian company a market value of $3.2 billion…. Read More ›
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 ›
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 ›
Brent Borland, 48, a principal at Borland Capital Group, has pleaded guilty to ripping off dozens of investors to the tune of $21.9 million. As per a statement from the U.S. Department of Justice, Brent Borland, 48, a NY-based investment… Read More ›
Brexit has cost London the title of the world’s most attractive financial center. According to the results of a survey released on Wednesday, New York, United States, has overtaken London as the world’s most attractive financial center following Britain’s decision… Read More ›
Following the untimely death of its co-founder Wang Jian, shares held by him of the debt-laden aviation-to-financial services conglomerate will be transferred to either a China-based charity or a New York-based foundation, which together hold a controlling stake in the… Read More ›
Did you ever wonder which is the world’s most expensive city to do business in? Which offers the most value for money? Which city offers the most bang for money for couples going out on a Friday night? The UBS… Read More ›
The lawsuits, affecting the iPhone 6, iPhone 6s, iPhone SE and iPhone 7, seek unspecified damages, and in some cases reimbursement and even barring Apple to throttle the performance of its iPhones. Following Apple’s admission of slowing down ageing iPhones,… Read More ›
In a new story of David vs the Goliath, Altice USA, better known as Optimum, is the first cable network that has dared to push a fee hike from a media group. Consumers living in New York, New Jersey, Connecticut… Read More ›
With a naval blockade for enforcing U.N sanctions being one of the military options available in the U.S. repertoire, North Korea’s only ally has begun naval war games with Russia in the Korean peninsula. The U.N Security Council has run… Read More ›
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