Chinese authorities have asked H&M to change a map on its website in the latest clash between the clothing giant and officialdom there, media reported on Friday. The company, based…
Category: Business
Seduced by Archegos’ growth, Nomura took a chance on Hwang comeback
U.S. investor Sung Kook “Bill” Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan’s Nomura Holdings Inc…
Amazon acknowledges issue of drivers urinating in bottles in apology to Rep. Pocan
Amazon.com Inc has apologized to U.S. Representative Mark Pocan, admitting to scoring an “own goal” in its initial denial of his suggestion that its drivers were sometimes forced to urinate…
Tesla files a petition against U.S. labor board order
Tesla Inc has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency’s order that Chief…
Hertz selects Chapter 11 exit plan backed by Centerbridge, Warburg, Dundon
Hertz Global Holdings Inc said on Saturday it has selected an enhanced proposal from Centerbridge Partners, Warburg Pincus, and Dundon Capital Partners to provide the equity capital required to fund…
ByteDance says India’s freeze on bank accounts is harassment court filing
China’s ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally. ByteDance…
Icahn taps former GE exec Kekedjian as CEO of Icahn Enterprises
Former General Electric Co executive Aris Kekedjian will be named chief executive officer of Icahn Enterprises LP, activist investor Carl Icahn told the Wall Street Journal. Kekedjian, who was the…