Les Wexner's Epstein Ties Face Renewed US Scrutiny
New documents reveal deeper connections between retail billionaire Les Wexner and Jeffrey Epstein, raising fresh questions about their financial and personal dealings.
Category : Corporate
Warner Bros Reopens Paramount Talks in Bidding War
Warner Bros Discovery has resumed takeover discussions with Paramount Skydance, escalating the battle with Netflix for the Hollywood studio. Paramount's revised $31 per share offer could value WBD above $108.4 billion.
Thomas J. Watson: Farm Boy to IBM Founder Who Shaped Computing
Explore the remarkable journey of Thomas J. Watson, born in 1874, who transformed a small company into IBM, revolutionizing business technology and laying foundations for modern computing through visionary leadership.
Hamilton Lane CEO: Private Credit Fears Are Overblown
Hamilton Lane co-CEO Erik Hirsch argues that concerns about private credit sparking the next financial crisis are misguided, citing low bankruptcy rates and rising equity coverage in the industry.
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Hyatt Chair's Epstein and Maxwell Links Investigated
Thomas Pritzker, chairman of Hyatt Hotels, faces renewed scrutiny over his past associations with Jeffrey Epstein and Ghislaine Maxwell, as corporate governance experts question transparency.
Santos Greenwashing Court Case Dismissed
A landmark court case accusing Santos of greenwashing has been dismissed, with the judge ruling the company's climate claims were not misleading under current law.
Private Markets Firms Meet Regulator on Data Collection
Private markets firms are scheduling meetings with the Financial Conduct Authority to discuss new data collection rules, aiming to ensure compliance and address industry concerns.
Morgan Stanley Names Hofacker European Sponsors Head in Shake-Up
Morgan Stanley has appointed Michael Hofacker as head of sponsors in Europe, part of a strategic reorganization to enhance its investment banking services across the region.
Car Tycoon Ousted in 'Coup' Over Alleged Racist Remarks
Peter Waddell, CEO of Big Motoring World, was removed in a high court dispute involving private equity and misconduct claims, including racist and sexist remarks.
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Ex-Carillion Boss Fined £237,700 for Misleading Investors
The Financial Conduct Authority has fined former Carillion CEO Richard Howson £237,700 for his role in misleading investors before the company's 2018 collapse, which caused widespread disruption.
KPMG Partner Fined for AI Cheating in AI Training
A KPMG partner in Australia has been fined A$10,000 for using artificial intelligence to cheat during an internal AI training course. Over two dozen staff have been caught using AI tools to cheat on exams since July, raising concerns about AI-fuelled chea
Carlyle arranges £150m refinancing for Very Group before sale
US private equity giant Carlyle has arranged a £150 million funding package for Very Group, extending credit lines to 2029 and converting debt to equity ahead of a potential £2 billion sale of the online retailer.
CFMEU Report Claims $15bn Taxpayer Loss in Victoria
A damning report alleges the CFMEU's Victorian branch operated as a crime syndicate, costing taxpayers up to $15bn through corruption on major infrastructure projects.
Ex-Carillion CEO Fined £237,700 for Reckless Conduct
Former Carillion chief executive Richard Howson has been fined £237,700 by the Financial Conduct Authority for misleading market statements ahead of the company's 2018 collapse, which caused widespread job losses and project chaos.
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Clarkson Sued Over Pub Car Park Injury
A 68-year-old woman suffered broken ribs and hand surgery after tripping on metal covers at Jeremy Clarkson's Farmer's Dog pub, leading to a legal claim for compensation.
KPMG Partner Fined for AI Cheating on Training
A KPMG Australia audit partner has been fined $10,000 for uploading training materials to an AI platform to cheat on an internal exam, highlighting widespread AI cheating issues across Big Four firms.
Investment Association Hires Headhunters for CEO Search
The Investment Association has engaged headhunters to lead the search for a new CEO, marking a critical leadership transition as the financial sector navigates evolving regulatory and market challenges.
Lloyds Staff Banking Data Used in Pay Talks, Reports Say
Lloyds Banking Group has reportedly utilized staff banking data during pay negotiations, raising concerns over privacy and ethical practices in the financial sector.
Djorkaeff's Playmaker Invests in SailGP and Eyes Football Club
French football legend Youri Djorkaeff and his son Sacha discuss their investment vehicle Playmaker, which has acquired a stake in the French SailGP team and is actively seeking to purchase an English football club.
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BrewDog Sale Plan Leaves 220,000 Investors Empty-Handed
BrewDog's potential sale could leave 220,000 crowdfunding investors with worthless shares while private equity backer TSG stands to gain millions, sparking anger among the 'equity punks' who helped build the craft beer brand.
Coles in Court Over 'Misleading' Discounts as ACCC Alleges Price Tricks
Coles defends ACCC allegations in federal court, arguing price changes were due to supplier costs. The watchdog claims 'Down Down' promotions offered 'utterly misleading' discounts on 245+ products.
ING's Alexandra McMahon on Men Elbowing Others Out of the Way
Alexandra McMahon, a senior executive at ING, discusses gender dynamics in finance, highlighting how men often dominate spaces by elbowing others aside, and calls for more inclusive leadership.
Van Der Beek Ranch Purchase Clarified Amid GoFundMe Backlash
James Van Der Beek secured a down payment for a $4.8 million Texas ranch with friends' help before his death, as his family's GoFundMe faces criticism over finances.
Heathrow Chair Jansen Leads US Payments Firm Xplor
Former BT Group CEO Philip Jansen is set to become chairman of Xplor Technologies, a US payments software company processing $45bn annually. The move reunites him with private equity firm Advent International.
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Vegas Trip Offer After Firm's Phoenixism Debt Wipeout
A recruitment company that collapsed owing £2.9m, including £647k to HMRC, has been reborn under its former owner and is promising staff an all-expenses-paid Las Vegas trip for hitting targets, highlighting concerns over phoenixism practices in business.
BrewDog Up for Sale After Pubs Pull Beers and Bars Close
Craft beer giant BrewDog has appointed consultants to evaluate a potential sale, following UK pub removals and bar closures. The company cites a challenging economic climate.
Wasserman Sells Agency After Epstein Files Expose Maxwell Ties
Hollywood agent Casey Wasserman is selling his talent firm after emails with Ghislaine Maxwell surfaced, prompting client departures and a review of his LA28 Olympic role.
BrewDog Hires Advisers for Potential Breakup Sale
Scottish craft beer giant BrewDog has appointed restructuring firm Alix Partners to assess bidders for a potential sale, which could leave many of its 220,000 crowdfunding shareholders with minimal returns.
BrewDog Sale Process Could Lead to Break-Up of Craft Beer Pioneer
BrewDog, the independent craft brewer behind Punk IPA and Elvis Juice, has appointed AlixPartners to oversee a sale that may result in the break-up of the Scottish business, impacting thousands of shareholders.
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Mike Ashley's Lawyer Jeremy Drew Leaves RPC After 20 Years
RPC law firm is losing Jeremy Drew, a high-billing partner who represented retail billionaire Mike Ashley for years, billing over £12m in legal fees.
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