Brunswick Prep School Is Borrowing to Expand Campus and Housing
An elite boys’ prep school located in hedge-fund capital Greenwich, Connecticut, is borrowing money to finance expansion and faculty housing.
Bloomberg Tech
Revolut Delays Filing Full-Year Results for Second Time in a Row
Revolut Ltd. has a three-month extension to publish its annual accounts, marking the second year in a row the UK’s largest fintech has needed more time.
Trudeau’s Murder Claim Threatens to Upend US Courtship of India
Canadian Prime Minister Justin Trudeau’s shocking allegations that India orchestrated the murder of a separatist leader leaves President Joe Biden caught between one of the US’s closest allies and an increasingly important partner in countering China.
AST SpaceMobile Jumps on Step Toward Global 5G Service
AST SpaceMobile Inc. shares jumped after the company said it completed a 5G call between Hawaii and Spain using its satellite and a smartphone, claiming a first in the race to serve places where wireless networks don’t reach.
Pressure for Action Grows as South African Ports Firm Flails
Business lobby groups are piling pressure on South Africa’s government to act against the management of state ports and rail operator Transnet SOC Ltd. for failures they say are hobbling economic growth.
FTX Sues Sam Bankman-Fried’s Parents to Claw Back Funds
The managers of bankrupt crypto exchange FTX sued the parents of co-founder and former Chief Executive Officer Sam Bankman-Fried to “recover millions of dollars in fraudulently transferred and misappropriated funds.”
Microsoft Eyes Apple’s Spot as World’s Largest Stock
Microsoft Corp. is narrowing the gap with Apple Inc. in the stock market as investors see better growth and far less China risk in the software giant.
Cboe’s CEO Resigns Over Undisclosed Personal Relationships
Cboe Global Markets Inc. said Edward Tilly has resigned following an investigation that determined the chief executive officer didn’t disclose personal relationships with colleagues, ending a decade-long run during which the company’s stock more than tripled.
Failed Satellite Launch Sinks Rocket Lab Shares
Rocket Lab USA Inc., a small satellite-launch company, sank after a failed mission to space led to the loss of its primary Electron rocket and the payloads it was carrying to orbit.
ESPN CFO Bryan Castellani to Exit for Warner Music Role
Walt Disney Co. is losing another executive. Bryan Castellani, chief financial officer of Disney Entertainment and ESPN, will step down to take a job as the CFO of Warner Music Group Corp, effective Oct. 16.