NEW YORK (Reuters) – The founder of a New York hedge fund was criminally charged on Thursday with pressuring a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the U.S. Department of Justice said on Thursday. Daniel Kamensky, whose Marble Ridge Capital LP […]
Mohammad Ahmed has been selling kites for the past 11 years, and he says he has never seen it so busy. Sales at his shop in Delhi have soared over the past six months – thanks to coronavirus. Mr Ahmed says that most days since India went into lockdown on 25 March he has restocked […]
(Reuters) – A U.S. bankruptcy judge on Thursday granted recognition of Virgin Atlantic’s rescue plan under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets from creditors in the United States. The airline’s 1.2 billion pound ($1.59 billion) rescue deal is set for completion this week after a London […]
Ailing cruise operator Genting Hong Kong has sold the Zouk Group, which operates the popular nightclub, for $14 million as part of efforts to offload non-core assets and generate liquidity for the cash-strapped firm. Malaysian firm Tulipa is buying the Singapore-based group, according to a filing on the Hong Kong Exchange last night. Tulipa is […]
WASHINGTON (Reuters) – U.S. private employers hired fewer workers than expected for a second straight month in August, suggesting that the labor market recovery was slowing as the COVID-19 pandemic persists and government money to support workers and employers dries up. The moderation in job growth was also flagged by another report from the Federal […]
LONDON (Reuters) – Britain will hold a new round of talks with the United States on a trade deal next week, junior trade minister Greg Hands said on Thursday, adding that the government talks to both sides of the U.S. political divide before this year’s election. “I can announce today that the next round (of […]
A senior Bank of England official has cast doubt on the government’s drive to get workers back to the office as coronavirus curbs are eased. Alex Brazier, the Bank’s executive director for financial stability, said a “sharp return” to “dense office environments” should not be expected. Social distancing guidelines in the workplace and public transport […]
JACKSON, Mississippi — Down to a weekly unemployment check of $96, Fakisha Fenderson brushed aside her doctor’s advice last month and began looking for a job. In mid-May, Fenderson’s employer, a door manufacturer, sent her home after a co-worker tested positive for the coronavirus. But the 22-year-old, who is six months pregnant and has asthma, […]
A large share of contractors in Colorado and across the country reported having had projects postponed or canceled because of the pandemic, and the construction industry has shed more than 400,000 jobs nationally since March. Despite that, many firms say they continue to struggle with labor shortages, especially for skilled laborers, according to a new […]
People working from home have been eating more ice cream but neglecting their grooming habits, consumer goods giant Unilever has suggested. The firm said ice cream sales leapt 26% in the three months to June, but demand for shampoo and deodorant fell. It said it had seen strong “growth in home consumption of foods, ice […]