Year: 2022

The web of shell companies and middlemen managed by services firm Bridgewaters makes it hard for authorities to track assets and enforce sanctions. The company has connections to now-blacklisted oligarchs including Alisher Usmanov, Andrei Skoch and Sergei Chemezov.

Hyatt Hotels heir Nick Pritzker and California investor Riaz Valani are considering putting up money to cover the vaping company’s operations and near-term legal liabilities, according to people familiar with the matter.

Investment firm Altimeter Capital says in a letter that drastic action is needed for the social-media company to “get its mojo back.”

Tesla has lowered prices for vehicles sold in China, days after Chief Executive Elon Musk said most materials costs are falling and amid growing competition from local rivals.

The social-media platform’s annual interest burden will climb to more than $1 billion from $51 million last year, analysts estimate, adding pressure to grow sales.

The Dutch healthcare conglomerate said that the job cuts, which amount to about 5% of its 80,000 workforce, would save Philips almost $300 million a year.

The Warner Bros. movie out of its DC Films studio stars Dwayne “The Rock” Johnson and took in $67 million.

Early earnings reports for the September quarter show that profit margins are feeling the squeeze as costs are rising and consumer appetite for some products has waned.

New U.S. export restrictions are targeting areas including semiconductor design and essential manufacturing equipment.