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Corporate/Industrial News
FTX Founder Sam Bankman-Fried Pleads Not Guilty to Latest Federal Charges
Markets Currencies Cryptocurrency Lawyer says latest charges go against terms of the extradition agreement with the Bahamas Source link
Fed, Treasury Fine Wells Fargo for Sanctions Violations
Markets Financial Regulation Federal Reserve and the Treasury Department are fining the bank $97.8 million Source link
Wall Street Bonuses Fall by Most Since 2008
The average bonus was $176,000 last year, down 26% from 2021. Source link
Jack Ma Engineered Alibaba's Breakup From Overseas
The Chinese billionaire used his influence within Alibaba Group, the e-commerce empire he built, to orchestrate its breakup plans, people familiar with the matter said.
Warehouses Find Insulation From U.S. Banking Crisis
Tight capacity, high leasing rates offer guardrails for industrial real estate, executives say. Source link
Apple Wants to Solve One of Music's Biggest Problems
Forget the metaverse. The future is metadata. It’s how the world’s most valuable company built a better way of listening to Mozart and Beethoven. Source
Musk's Change to Twitter's Blue Check Mark Angers Celebrities
William Shatner, Jason Alexander and Monica Lewinsky criticize move to tie a social-media status symbol to platform subscriptions. Source link
Green-Energy Winners and Casualties Are Becoming Easier to Spot
The European Union just moved an important step closer to turning its climate ambitions into law. The impact will be felt well beyond the energy
Huawei's Meng Steps Closer to U.S.-China Tech War Frontline
Meng Wanzhou, the telecoms company’s finance chief, is set to serve as rotating chairwoman, 18 months after securing her freedom in a prisoner swap. Source
New Corporate Minimum Tax Could Ensnare Some Firms Over One-Time Moves
Companies including CenterPoint Energy and American Water Works seek government guidance on how the sale of a business unit might trigger the 15% levy. Source