JPMorgan to Take Over Bankrupt Real Estate Investor IMH
JPMorgan Chase & Co. plans to take over IMH Financial Corp., a bankrupt real-estate business whose assets include a California wine-country resort and $475 million in potential federal tax breaks.
Neiman Marcus Inflated Company Value by Billions, Creditors Say
Neiman Marcus's creditors say the retailer inflated its own value by billions of dollars before its 2018 spinoff of fast-growing e-commerce businesses MyTheresa so it could carry out what they say was an improper transaction.
Tinder Hires Ex-CBS Interactive Boss Jim Lanzone as CEO
The leadership change at Match Group's flagship dating app comes as the coronavirus pandemic is redefining the online dating industry.
Sinclair Pulls Controversial Show About Coronavirus
Sinclair, one of the largest broadcast television station owners in the country, said it would pull an interview about the alleged origins of the coronavirus pandemic that has caused widespread controversy.
LVMH Profit Plunges Amid Boutique Closures
French luxury conglomerate LVMH said net profit plunged in the first half, as the company struggled to cut costs in the face of sweeping boutique closures during the coronavirus pandemic.
Garmin Says Cyberattack Made Its Software Unavailable
The navigation-systems company said no customer data was compromised in the attack over several days and that its systems were being restored.
Visa, Mastercard Fined Wirecard for Dubious Transactions
Defunct payments processor Wirecard miscoded gambling transactions and had high levels of stolen card purchases and reversed transactions, leading to big fines from card networks, according to people familiar with the matter.
Walmart, Kroger Bottle Their Own Milk and Shake Up American Dairy Industry
Supermarket chains aim to price the staple as low as possible to draw in shoppers, squeezing old-line companies with premium brands. Farmers are part of the collateral damage.
HSBC Launches Dedicated ESG Unit
HSBC Holdings PLC said it was forming a dedicated Environmental, Social and Governance Solutions unit "to help clients around the world rebuild and transition their businesses and economies in a more sustainable way post-Covid-19.
Lynn Tilton Is Suing Small Companies She Once Led for $30 Million
Turnaround executive Lynn Tilton is suing troubled small businesses she once ran, after stepping away from leading them as the Covid-19 pandemic tore through the economy.
