Latest in Billion Loss Sale
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Medical emergency at Ipswich in Bournemouth loss
Ipswich Town have confirmed a "medical emergency" occurred in their directors box at Portman Road during their defeat to Bournemouth on Sunday.ESPN - Dec. 8 -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - Dec. 8 -
Man Utd's struggles continue with loss to Forest
Man United's weakness from set pieces was exploited again as they fell to a 3-2 Premier League defeat by Nottingham Forest at Old Trafford on Saturday.ESPN - Dec. 7 -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - Dec. 7 -
Rare whisky ‘bubble’ bursts as sales tumble
Value of rare malts sold at auction is down 40% this yearFinancial Times - Dec. 7 -
The Warriors' wins -- and losses -- come down to 'strength in numbers'
Golden State's 12-man rotation, injuries and late-game issues are hindering a team with playoff hopes.ESPN - Dec. 6 -
TikTok Ban or Sale Upheld by Federal Appeals Court
The D.C. Circuit denied TikTok’s petition to overturn the ruling that requires it to break with parent company ByteDance or be banned.Inc. - Dec. 6 -
Guardian Confirms Sale of The Observer to Tortoise Media
The Guardian Media Group said it had struck a deal to sell The Observer to Tortoise Media, shortly after a 48-hour strike by journalists ended.The New York Times - Dec. 6 -
Walz says he was 'a little surprised' by election loss
Minnesota Gov. Tim Walz (D), Vice President Harris's running mate, reflected on the Democratic Party's loss in the presidential election, saying he was "a little surprised" by the outcome. “It felt ...The Hill - Dec. 6 -
Spurs' Postecoglou confronts angry fans after loss
Tottenham Hotspur manager Ange Postecoglou confronted fans after his side's tame 1-0 Premier League defeat at Bournemouth on Thursday which increased the pressure on the Australian.ESPN - Dec. 6 -
Observer newspaper sale to Tortoise Media approved
The Scott Trust and Guardian Media Group agreed the sale on Friday, despite pushback from staff.BBC News - Dec. 6 -
Sale of the Observer to Tortoise Media agreed in principle
Scott Trust will become a key shareholder and take a seat on both the editorial and commercial boards of the company. The sale of the Observer, the world’s oldest Sunday newspaper, to Tortoise ...The Guardian - Dec. 6 -
The A’s Near Agreement for $1.75 Billion Las Vegas Stadium
A groundbreaking on the new A’s stadium is likely by the 2028 season.Inc. - Dec. 6 -
Missouri's win, Baker's loss: Mayfield rocks 'Mizzou Grandma' sweatshirt after OU loss
Baker Mayfield honored a bet with a Tampa Bay Buccaneers team reporter, sporting a "Mizzou Grandma" sweatshirt after Mayfield's Sooners fell to the Tigers on Nov. 9.ESPN - Dec. 5 -
Natural-Catastrophes Insured Losses to Top $135 billion in 2024, Swiss Re Institute Says
Global insured losses from natural catastrophes like hurricanes and floods are on track to exceed $135 billion in 2024, marking the fifth consecutive year with such losses surpassing the ...The Wall Street Journal - Dec. 5 -
Guardian Journalists Strike Over Planned Sale of The Observer
Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.The New York Times - Dec. 5 -
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup
An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands.The New York Times - Dec. 4 -
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
Johnson rejects Biden request for $24 billion on new Ukraine aid
House Speaker Mike Johnson on Wednesday rejected a White House request to pass $24 billion in additional aid for Ukraine by the end of the year, saying any further assistance for Kyiv would be ...The Hill - Dec. 4 -
Tata Steel UK losses jump fourfold
Indian-owned group takes £1.12bn hit after writing down value of legacy assetsFinancial Times - Dec. 4 -
Global investigation exposes alleged billion-dollar Russian money-laundering network
UK and foreign law enforcement agencies say networks laundered cash and cryptocurrencies for organised crime gangs across the west. Operatives said to be behind a billion-dollar Russian ...The Guardian - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
College Football Playoff rankings: 3-loss Alabama has inside track at playoff berth ahead of 2-loss Miami
The Crimson Tide moved ahead of the Hurricanes on Tuesday night.Yahoo Sports - Dec. 4 -
Space Startups Get Government Contracts as SpaceX Explores Share Sale Valued at $350 Billion
The commercial space industry has had a rocket lit under it recently, as the government changes how it awards contracts, looking closely at new innovators.Inc. - Dec. 3 -
AT&T plans to plow $20 billion into buybacks in signal of business turnaround
AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.MarketWatch - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
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Moscow approves sale of Carlsberg’s Russian assets for $322mn
Danish brewer had previously accused the Kremlin of ‘stealing’ the businessFinancial Times - Dec. 3 -
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.CBS News - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
ServiceTitan’s planned IPO could come with a more than $5 billion valuation
The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.MarketWatch - Dec. 3 -
Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.
Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...The Wall Street Journal - Dec. 3 -
Consumer watchdog proposes crackdown on personal data sales
The Consumer Financial Protection Bureau (CFPB) on Tuesday rolled out a new proposal aimed at cracking down on data brokers selling Americans' sensitive information. Under the proposed rule, the ...The Hill - Dec. 3 -
Real estate tycoon must pay $9 billion to avoid execution in Vietnam
A court in Vietnam upheld a death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion embezzlement and bribery case.NBC News - Dec. 3 -
Tesla's China Sales Fall as Competition Heats Up
The U.S. electric-vehicle maker’s China-made car sales fell 4.3% in November.The Wall Street Journal - Dec. 3 -
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country. The Vietnamese property tycoon Truong My Lan has lost her appeal against the death ...The Guardian - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2
