News
AIG to divest reinsurance business for $3 billion
American International Group Inc. said it will sell virtually its entire reinsurance business to RenaissanceRe Holdings Ltd. in a deal...
Apple, Amazon to face lawsuit for allegedly inflating prices
Apple and Amazon.com must face a consumer antitrust lawsuit in a US court accusing them of conspiring to artificially inflate...
Robusta coffee prices hit highest level since 2008 as El Niño raises supply fears
Robusta coffee surged to the highest level since at least 2008, making it more expensive for buyers around the world...
PE investors lack cash for new funds, Blackstone says
Private equity investors are struggling to make new commitments to funds because they’ve found themselves already over-allocated to the asset...
Citigroup cuts analyst jobs, dismantles FX strategy team
Citigroup Inc. has dismantled its global team that provides commentary and analysis on foreign-exchange markets, according to people familiar with...
Videogame retailer GameStop fires CEO
GameStop on Wednesday fired CEO Matt Furlong two years after hiring the former Amazon.com executive and appointed billionaire Ryan Cohen...
CNN’s CEO Chris Licht steps down
CNN Chief Executive Officer Chris Licht has stepped down from the cable news channel on Wednesday after a brief and...
Coinbase threatens to take SEC fight to US Supreme Court
Coinbase Inc. said it is willing to take its legal fight with the US Securities Exchange Commission all the way...
Reddit to cut workforce by 5%
Reddit Inc. is cutting its workforce by about 5% and reducing its hiring plans, as the startup refocuses on future...
Sequoia Capital to separate US, China operations
Venture capital powerhouse Sequoia Capital is breaking up into three entities around the world, splitting the Chinese and US operations...
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