Elon Musk’s tech allies miffed about Twitter subpoenas
SAN FRANCISCO (AP) — Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as…
August 2022
Rent-A-Center settles alleged California overpricing dispute
SACRAMENTO, Calif. (AP) — Rent-A-Center, one of the nation’s largest rent-to-own companies, will pay $15.5 million to settle California’s allegations…
Petrobras Leapfrogs Oil Majors In Dividend Payouts
By Sabrina Valle (Reuters) – Brazil’s state-controlled oil company Petrobras will distribute at least twice as much as the biggest…
Chinese Filings For U.S. Clearance On Investments Doubled In 2021
By Alexandra Alper and David Lawder WASHINGTON (Reuters) -Chinese investors roughly doubled the number of applications they made last year…
Forbes Explores Sale, Hires Citigroup As Banker
(Reuters) -Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the…
Forbes Said To Explore Sale – NYT
(Reuters) – Media firm Forbes is exploring a sale of its business at a price of at least $630 million,…
Ferrari earnings up 22% on surging deliveries to Americas
MILAN (AP) — Luxury Italian automaker Ferrari raised its 2022 forecast Tuesday after reporting a 22% increase in second-quarter earnings…
JetBlue posts Q2 loss as fuel costs offset rising revenue
NEW YORK (AP) — JetBlue Airways lost $188 million in the second quarter, as fuel costs nearly tripled and wiped…
Horror Author Stephen King Says Writers Hurt By Book Publishing Mergers
By Diane Bartz WASHINGTON (Reuters) -Horror author Stephen King said writers will have fewer places to shop their books if…
Mexico Anti-inflation Subsidies Come With $28 Billion Price Tag
MEXICO CITY (Reuters) – Subsidies from the Mexican government to combat rising inflation in the country have cost some 575…