Latest in Funds Suing Firm
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Abbott sued over its marketing of potentially harmful toddler milk
Formulas marketed for toddlers are a burgeoning business, but pediatricians have long recommended against their use.CBS News - Jan. 15 -
Private equity firm Providence weighs £1bn sale in latest events transaction
Company in early-stage deliberations over sale of CloserStill amid surging demand for conferencesFinancial Times - Jan. 15 -
The SEC Is Suing Elon Musk. It’s All in the Timing
Less than a week before Donald Trump takes office, the SEC has filed a complaint against his most prominent benefactor.Wired - Jan. 15 -
Here's where insurance firms see the most risk for disasters
In the months preceding the outbreak of the infernos now raging through Los Angeles County, home insurance carriers began withdrawing new coverage in response to the rising threat from wildfires, ...NBC News - Jan. 14 -
KPMG readies challenge to US law firms
Big Four accounting firm wins panel endorsement for Arizona license to offer legal services to corporate AmericaFinancial Times - Jan. 14 -
Imec spins out Vertical Compute memory chip firm in $20.5M deal
Europe's Imec.xpand is spinning out memory chip firm Vertical Compute in a seed investment round worth $20.5 million.VentureBeat - Jan. 14 -
Kalshi names Donald Trump Jr. as strategic advisor to prediction market firm
The president-elect's eldest son's growing business footprint now includes the prediction market platform that rose to prominence during the 2024 election.CNBC - Jan. 13 -
GSK to buy US cancer drug firm IDRx for up to $1.15bn
Massachusetts-based company is working on new treatments for gastrointestinal cancers. Business live – latest updates GSK has struck a deal worth up to $1.15bn (£950m) to acquire a ...The Guardian - Jan. 13 -
Bezos' space firm calls off debut launch of new rocket in final minutes of countdown
Blue Origin has called off the debut launch of its massive new rocket because of technical troubleABC News - Jan. 13 -
UK government to crack down on MPs earning extra cash from media firms
Jacob Rees-Mogg and Nigel Farage are among those who have earned large sums from broadcasters, but a tightening of rules on MPs’ outside interests is being considered. MPs would no longer be able ...The Guardian - Jan. 12 -
Transfer rumors, news: Man City make firm move for Marmoush
Manchester City are on the verge of signing striker Omar Marmoush from Eintracht Frankfurt. Transfer Talk has the latest news, gossip and rumors.ESPN - Jan. 11 -
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Asian American professor wrongfully accused of spying for China is suing University of Kansas
Franklin Tao, an Asian American scientist who was wrongfully accused of spying for China, is suing the University of Kansas, his former employer, accusing it of “vicious, unabated discrimination.”NBC News - Jan. 10 -
Michael Sheen to fund new national theatre for Wales
The actor says he is putting everything behind starting Welsh National Theatre.BBC News - Jan. 10 -
Microsoft contributes $1 million to Trump's inauguration fund
Microsoft would like President-elect Donald Trump to make sure that U.S. artificial intelligence policy in the next four years will support its goals.CNBC - Jan. 9 -
Starmer aide to receive dividends from corporate advisory firm Hakluyt
Varun Chandra still holds majority of his previous stake in the group despite joining Downing Street in JulyFinancial Times - Jan. 9 -
Anthropic in Talks for $2 Billion Funding Round
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.The New York Times - Jan. 8 -
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Bottom Line: Palantir taps Trump-tied firm as it chases government contracts
Defense Palantir Technologies has hired Miller Strategies to lobby on issues related to defense policy and appropriations. The U.S. government has awarded Palantir nearly $2.5 billion in contracts ...The Hill - Jan. 8 -
Anthropic in talks to raise funding at $60 billion valuation
AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.CNBC - Jan. 7 -
Don King sued by promoter seeking $3B over alleged 'Rumble in the Jungle' anniversary event
A lawsuit against famed boxing promoter Don King seeks more than $3 billion, alleging King falsely denied being involved in an anniversary event for his historic "Rumble in the Jungle."NBC News - Jan. 7 -
Shein lawyer refuses to tell MPs if fashion firm uses Chinese cotton
Yinan Zhu declined to say whether it retailer's suppliers used Chinese cotton amid concerns over forced labour.BBC News - Jan. 7 -
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.NBC News - Jan. 7 -
Jeans brand True Religion acquired by PE firm, American Eagle-linked investment firm
True Religion, the Y2K-era jeans brand in the midst of a comeback, has been acquired by private equity firm ACON Investments and its partner SB360 Capital.CNBC - Jan. 7 -
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Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
Japan's Nippon Steel emphasized that it is not giving up on its takeover of U.S. Steel, a day after suing the Joe Biden administration over blocking the proposed merger.CNBC - Jan. 7 -
Late Padres owner's widow, Sheel Seidler, suing Peter Seidler's brothers for control of team
The lawsuit alleges that the Seidler siblings are attempting to sell — and perhaps relocate — the Padres.Yahoo Sports - Jan. 6 -
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Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds
Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.CNBC - Jan. 6 -
The Gen Z problem for audit firms
The profession is finding it harder to attract and retain staff — a key factor in the quality of inspectionsFinancial Times - Jan. 6 -
Amit Yoran, chair and CEO of cybersecurity firm Tenable, dies unexpectedly after cancer battle
Amit Yoran, who ushered cybersecurity company Tenable into the public market as chief executive, died on Friday.NBC News - Jan. 5 -
US set for IPO comeback as private equity firms seek to offload holdings
Bankers hope strong 2024 gains for Wall Street equities and pro-business policies will drive listings reboundFinancial Times - Jan. 5 -
Amit Yoran, chair and CEO of cybersecurity firm Tenable, dies unexpectedly after cancer battle
Yoran led the cybersecurity company in its IPO in 2018.CNBC - Jan. 4 -
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Chinese cyber firm linked to botnet attack sanctioned in US
The federal government hit Chinese cyber group Integrity Technology Group with new sanctions on Friday, citing alleged computer intrusion incidents against those in the U.S. At the direction of the ...The Hill - Jan. 3 -
'Unprecedented': The most punctual global airline last year was 'absolutely' a surprise, analytics firm CEO says
Aeromexico, Saudia and Delta Air Lines were the most on-time global airlines in 2024, according to a report by aviation company Cirium.CNBC - Jan. 3 -
Hedge funds Citadel and Millennium gain 15% in 2024
Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industryFinancial Times - Jan. 2 -
Rangers inflict 3-0 thrashing on Celtic in devastating Old Firm display to relaunch SPL hopes
Is one commanding win at Ibrox enough to reignite the Scottish Premiership title race?CBS Sports - Jan. 2
