Vice Media Weighs Bankruptcy After Laying Off Staff, NYTÂ Says
Vice Media is preparing to file for bankruptcy, capping the rapid fall of a former industry darling that attracted investment from the world’s largest entertainment companies.
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Coinbase Insiders Sued for Dumping Stock, Saving $1 Billion
Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years ago, before bad news sent the share price tumbling, according to a lawsuit filed by an investor.
Japan’s Once-Hot M&A Target Is in Court to Restructure Debt
A Japanese hotel chain, once at the center of a bidding war between US private equity firms Blackstone Inc. and Lone Star Funds, faces a reckoning with its creditors.
Hollywood Writers Set to Strike As Talks With Studios Collapse
Negotiations between the Writers Guild of America, which represents screenwriters, and Hollywood’s film and TV studios concluded on Monday without an agreement, according to a statement from the Alliance of Motion Picture & Television Producers on Monday night.
World’s Top Steelmaker Signs Deal for Saudi Arabian Steel Plant
China’s Baoshan Iron & Steel Co. has joined forces with Saudi Aramco and the kingdom’s sovereign wealth fund to set up a steel plant in the Middle Eastern nation as the two countries deepen commercial ties.
China Builder Jiayuan Gets Court Order to Liquidate Assets
A third Chinese developer faces court-ordered liquidation after losing a winding-up case in Hong Kong, adding to a small but growing number of legal victories for creditors involving overdue debt.
Apple-Masimo Trade Secrets Fight Ends With No Jury Verdict
Apple Inc. and Masimo Corp. failed to persuade a jury to reach a unanimous verdict in a trial where the medical-devices company claimed a blood-oxygen sensor in the Apple Watch was developed using misappropriated trade secrets.
Guggenheim to Keep Most Chicago Offices Shut as Workers Relocate
Guggenheim Partners is keeping most of its Chicago offices closed, with a number of employees relocating, the latest symbolic blow to a city reeling from the high-profile exit of Ken Griffin’s Citadel.
Xi’s Food Security Drive Could End Up Backfiring for Chinese Farmers
After more than 30 years growing crops on the plains of northern China, a farmer who asked to be identified as Zhang is struggling over what to plant in the coming months.
Coinbase Sued for Privacy Violations Over Customer Biometrics
Coinbase Inc. illegally collects face templates and fingerprints of its customers in violation of Illinois’ biometric privacy law, according to a proposed class-action lawsuit.