Business

U.S. film and TV studio The Weinstein Company, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy with an offer from an affiliate of private equity firm Lantern Capital Partners to acquire its assets. The studio’s bankruptcy comes after it spent months looking for a
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The body of cross-party politicians said given the concerns, U.K. negotiators should secure a “near frictionless” trade deal for the sector to avoid disruptive border delays. The report further explained that the U.K. aerospace industry is trade-oriented with annual exports approximately totaling $15 billion each year and imports worth around $14 billion. Regulatory alignment with
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German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel’s spokesman said. In a telephone discussion, the two newly reelected leaders emphasised close ties between the two countries, both facing planned
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Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department document. The draft Federal Register notice, which is expected to be published later on Friday evening and was
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More than 100 CSX Corp. employees who were fired or suspended for their use of federally-protected medical leave filed suit Tuesday in Maryland. The suit comes on the heels of a suit that 46 fired employees filed in West Virginia in February, which also alleged CSX disciplined employees for fraud and dishonesty without evidence. “While
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In the span of his career, Li became and remained Hong Kong’s richest man for two decades, according to Forbes. For many years, he was also Asia’s wealthiest. His current net worth is estimated to be $35.3 billion. The self-made billionaire’s ability to build empires out of ordinary businesses earned him the nickname “superman” in
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“Agility is the most important personal characteristic you can have to succeed in this fast-changing environment,” said Sellers, who is now co-founder and partner at SellersEaston Media. “If you plan your career too much, you’re going to come up against walls. You have to be agile.” Sellers said that is especially true for women, who
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Larry Kudlow may not be the best person to serve as PresidentDonald Trump‘s top economic advisor, said David Stockman, former director at the Office of Management and Budget under President Ronald Reagan. “He’s going to help Trump sleepwalk right into a tremendous fiscal collision,” Stockman said on “Closing Bell.” Stockman, who was Kudlow’s boss when
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General Motors, Fiat Chrysler, Volkswagen and Mercedes all knew of problems with dangerous exploding Takata air bag inflators years before issuing recalls, according to three class actions filed Wednesday with the federal court in Miami. The lawsuits cite company documents obtained through previous legal action against other automakers and Takata. The plaintiffs allege that automakers
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Broadcom announced Wednesday that it is formally ending its aggressive pursuit of Qualcomm. The company also said it is withdrawing its slate of nominees it had presented for Qualcomm’s board. The move comes after President Donald Trump on Monday ordered the company to abandon the proposed deal. Trump said he had “credible evidence” that the
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He may not have Cohn’s outsized, aggressive personality but administration officials who think they will be able to walk over Kudlow are in for a big surprise. He can make the arguments for the benefits of free and fair trade better than almost anyone and he will be formidable in front of the president in
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