Adani Group Firms Lose $9bn
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Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency's power to broadly prohibit practices it says are anticompetitive.
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency’s power to broadly prohibit practices it says are anticompetitive.The Wall Street Journal - World -
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency's power to broadly prohibit practices it says are anticompetitive.
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency’s power to broadly prohibit practices it says are anticompetitive.The Wall Street Journal - World -
Paris's Moulin Rouge loses windmill sails overnight
The cause of the sails' collapse from the roof of the world famous cabaret club is not yet clear.BBC News - Top stories -
Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
TikTok's Chinese parent firm says no plans to sell
The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.BBC News - Top stories - Tiktok -
Thoma Bravo to Buy U.K. Cybersecurity Firm Darktrace
Private equity firm Thoma Bravo said it plans to buy Darktrace in a cash deal that values the U.K. cybersecurity company at around $5 billion.The Wall Street Journal - World - United Kingdom -
Thoma Bravo to Buy U.K. Cybersecurity Firm Darktrace
Private equity firm Thoma Bravo said it plans to buy Darktrace in a cash deal that values the U.K. cybersecurity company at around $5 billion.The Wall Street Journal - Business - United Kingdom -
In Supreme Court Immunity Case, Trump Can Lose in Ways That Amount to a Win
After the justices hear arguments on Thursday, how they decide may be just as important as what they decide.The New York Times - Top stories - Donald Trump -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Meta stock plummets after Mark Zuckerberg touts money-losing projects
During Meta’s earnings call, Mark Zuckerberg focused on AI, the metaverse and hardware projects that aren't currently profitable, turning off investors.NBC News - Top stories - Meta -
U.S. Natural Gas Futures Lose Ground on Storage Surplus
U.S. natural gas futures added to the previous day’s losses as a weekly inventory report showed a larger-than-expected build in natural gas storage.The Wall Street Journal - World -
Russell Crowe Loses Himself To Evil In The Exorcism's First Trailer
A year ago this month, Russell Crowe put on a priest's collar and vestments in The Pope's Exorcist to play Father Gabriele Amorth, who was supposedly a rock star in the field of sending demons back to Hell. But in his next horror movie, The ...GameSpot - Tech -
U.S. loses third $30 million Reaper drone off Yemen's coast
A U.S. MQ-9 Reaper has crashed off Yemen's coast. It may be the third $30 million drone shot down by the Houthis since November.CBS News - Top stories -
Forecasting pioneer: 'A lot would have to go wrong for Biden to lose'
A notable forecaster of presidential elections said in a recent interview that “a lot would have to go wrong for [President Biden] to lose” in November. In an interview with The Guardian released Friday, American University professor Allan ...The Hill - Politics - Joe Biden -
Hundreds at Harvard Protest Suspension of Pro-Palestinian Group
Students flooded Harvard Yard, the oldest part of the university’s campus, which officials recently closed to the public. The students set up tents for an “emergency rally.”The New York Times - Top stories -
Business groups sue FTC over noncompete ban
Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY view The Big Story Business groups sue to block FTC's noncompete ban The Federal Trade Commission's (FTC) decision to ban noncompete agreements is being met with ...The Hill - Politics -
Oaktree Spins Out Transportation-Infrastructure Group
Two senior Oaktree executives have formed Duration Capital Partners with $3.65 billion in infrastructure assets, people familiar with the matter said.The Wall Street Journal - World -
IG Group clients hit by refund errors
Company blames ‘technical issue’ for money being removed from accountsFinancial Times - Business -
Survey finds that 60 firms are responsible for half of world’s plastic pollution
Study confirms Philip Morris International, Danone, Nestlé, PepsiCo and Coca-Cola are worst offenders. Fewer than 60 multinationals are responsible for more than half of the world’s plastic pollution, with five responsible for a quarter of that, ...The Guardian - World -
US TikTok ban would be 'devastating', UK firms warn
UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.BBC News - Top stories - United Kingdom -
Cybersecurity Firm Rubrik to Raise $752 Million in U.S. IPO
The company, backed by investors including Microsoft and Lightspeed Venture Partners, is selling 23.5 million shares.The Wall Street Journal - Tech -
Rubrik Shares Jump 21% in Market Debut
The Microsoft-backed cybersecurity software firm becomes the latest tech company to have an IPO.The Wall Street Journal - World -
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A Chinese Firm Is America’s Favorite Drone Maker. Except in Washington.
U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.The New York Times - Business -
A Chinese Firm Is America’s Favorite Drone Maker. Except in Washington.
U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.The New York Times - Top stories -
Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.The Wall Street Journal - World -
Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.The Wall Street Journal - Business -
Ex-McKinsey Consultant Says Firm Misled Congress onHandling ofOpioid Documents
Former McKinsey partner Arnab Ghatak sued the consulting firm, accusing it of making false statements about document retention after improperly deleting records while under government investigation.The Wall Street Journal - World -
Myanmar rebel group withdraws troops from key town on Thai border
An armed ethnic group in Myanmar has withdrawn its troops from a town along the Thai border following a counteroffensive by the ruling junta.NBC News - Top stories -
LSE Group investors back doubling chief’s pay to US levels
David Schwimmer could earn up to £13.1mn this year and become one of the best-paid FTSE 100 executivesFinancial Times - Business -
Mexican president claims that criminal groups are 'respectful' and 'respect the citizenry'
Mexico's president says the country's violent criminal gangs and drug cartels are essentially “respectful people” who “respect the citizenry” and mostly just kill each otherABC News - World -
CVC shares jump in trading debut after long-awaited IPO
Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetiteFinancial Times - Business -
Thames Water bondholders demand emergency summit with troubled group
Creditors holding £5bn of debt have been spooked by default of parent company this monthFinancial Times - Business -
Nina Jankowicz Forms New Group to Defend Disinformation Research
The group intends to fight what its leader, Nina Jankowicz, and others have described as a coordinated campaign by conservatives and their allies to undermine researchers who study disinformation.The New York Times - Tech -
Red Sox lose yet another starting pitcher to injury as Brayan Bello lands on IL with lat tightness
Bello joins Lucas Giolito, Nick Pivetta and Garrett Whitlock on Boston's ILCBS Sports - Sports - MLB -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.CNBC - Business