Hedge fund manager faces arrest over $533 million taken from ed-tech startup

By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Thursday ordered the arrest of William Cameron Morton, a hedge fund manager who allegedly helped Indian education technology startup Byju’s hide $533 million from its lenders. Byju’s Alpha, a subsidiary controlled by Byju’s lenders, filed for U.S. bankruptcy in February after the Bangalore-based…

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Amazon’s Zoox robotaxis to drive faster, farther, at night in Las Vegas

By Greg Bensinger (Reuters) – Amazon.com’s self-driving car unit, Zoox, is seeking to stay abreast of rival Waymo by expanding its vehicles’ testing in California and Nevada to include a wider area, higher speeds and nighttime driving. The changes, announced on Thursday, apply to Zoox’s fleet of vehicles that it designed and built itself. Those…

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Goldman Sachs to resume bets on US property, other investors warn of more pain

By Iain Withers CANNES, France (Reuters) – Goldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while other investors said the market downturn still had further to run. Prices of U.S. offices and other commercial properties have fallen sharply…

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Williams-Sonoma shares surge to record high on Q4 results, new $1 billion buyback plan

By Chibuike Oguh NEW YORK (Reuters) – Shares of Williams-Sonoma, which owns home furniture retailer Pottery Barn, surged to a record high on Wednesday after it announced better-than-expected fourth-quarter results as well as a new $1 billion stock buy-back program. Williams-Sonoma’s net revenue during the holiday shopping season fell 7% to $2.27 billion while its…

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