UBS to Pay $1.44 Billion to Settle Financial Crisis-Era DOJ Case
The Swiss bank is the last to settle over securities that fueled the 2008 financial crisis and culminated in $36 billion of fines across Wall Street.
Crypto Custodian Prime Trust Files for Bankruptcy Protection
The firm has a shortfall of millions of dollars of customer funds.
Esmark Bids for U.S. Steel, Setting Up Potential Battle for Steelmaker
U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.
Berkshire Hathaway’s Latest Bet: Homebuilder Stocks
Warren Buffett’s company added new positions in D.R. Horton, NVR, and Lennar in the second quarter.
Hollywood Studios Resume Talks With Writers to End Monthslong Labor Dispute
The latest dialogue shows signs of progress on issues such as the staffing of TV shows, but big hurdles remain.
Netflix starts testing videogames on TVs and computers
Netflix on Monday said it was testing games on more devices where people consume its videos, like TVs and computers.
AMC Can Sell Nearly 400 Million New Shares Following Court Approval
Distressed movie-theater chain overcame opposition from meme investors concerned about dilution, winning court approval for transactions to sell more shares.
Amazon’s Leader on Alexa, Other Devices Plans to Leave
David Limp is planning to retire in the coming months in the latest departure of a longstanding top executive since Andy Jassy took over as CEO two years ago.
5-Hour Energy Founder to Buy Majority Stake in Sports Illustrated Publisher
Manoj Bhargava’s Simplify Inventions will take a roughly 65% stake in the Arena Group.
Eisner Strikes Deal to Sell Bazooka Gum Business
Former Disney CEO Michael Eisner has struck a deal to sell Bazooka Candy Brands to global buyout firm Apax Partners in a deal that values the iconic gum maker at around $700 million including debt.
Source: Dow Jones Newswires