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Walmart Pays $1.4 Billion to Boost Flipkart Stake
Business

Walmart Pays $1.4 Billion to Boost Flipkart Stake

The purchase of shares from Tiger Global valued the Indian e-commerce company at about $35 billion. Source link

$2 Billion Default Followed Warnings to Everyone but Investors
Business

$2 Billion Default Followed Warnings to Everyone but Investors

Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims
Business

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids. Source link

Union Pacific Picks New CEO
Business

Union Pacific Picks New CEO

The railroad company named veteran rail executive Jim Vena chief executive, after a major shareholder called for the current CEO’s removal. Source link

KKR to Sell Audiobook Publisher RBmedia
Business

KKR to Sell Audiobook Publisher RBmedia

H.I.G. plans to pay more than $1 billion for the company, including debt, according to people familiar with the situation. Source link

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia
Business

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia

The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. Source link

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.
Business

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.

Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto

Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion
Business

Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion

The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. Source link

KKR Nears Deal for Specialty-Chemicals Maker Chase
Finances

KKR Nears Deal for Specialty-Chemicals Maker Chase

The private-equity firm would pay roughly $1.3 billion in deal that could be reached Friday. Source link

Blackstone Reaches $1 Trillion in Assets
Finances

Blackstone Reaches $1 Trillion in Assets

The private-equity firm is the first among its publicly traded peers to hit that mark. Source link