Category: Business

German diversified group Merck KGaA (MRCG.DE) has tapped Goldman Sachs (GS.N) to revive a $1 billion sale of its pigments division after previous attempts to sell the business fell through during the pandemic, three sources said. The business, known as Surface Solutions, has already drawn interest from Austrian rival Heubach, owned by SK Capital Partners, […]

Hasbro Inc (HAS.O) said on Thursday it was looking to sell a part of its eOne entertainment production unit, including TV shows “Yellowjackets” and “The Rookie”, as the toymaker looks to streamline its business and focus on more profitable brands. The company bought eOne, the maker of the popular children’s TV show “Peppa Pig”, for […]

After the collapse of major cryptocurrency exchange FTX, the industry is bracing for further pain because of the exposure of many companies to FTX and its affiliated trading firm Alameda Research. Here are some firms that have given information about their exposure to FTX. BLOCKFIBlockFi filed for bankruptcy on Nov. 28, weeks after the crypto […]

U.S. regulators will require a new Clean Air Act permit for a troubled oil refinery in the U.S. Virgin Islands, which could cost its owners hundreds of millions of dollars and take three years or more to obtain, the Environmental Protection Agency said on Thursday. The idled St. Croix refinery, formerly the largest in the […]

Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on growth markets, high net worth clients and technology as the key to fuel the fortunes of the embattled Swiss bank. A reorganisation unveiled last month places even more emphasis on managing the fortunes of the rich and pares back further Credit […]

Vietnam’s electric vehicle maker VinFast said on Thursday it has struck a deal with U.S. car subscription service Autonomy to supply more than 2,500 units, its largest corporate order to date, as part of a plan to expand further in the market. VinFast, which ceased production of gasoline-powered cars in August, is gearing up to […]

Elon Musk said in court on Wednesday that he made some Tesla Inc (TSLA.O) decisions without the approval of the company’s directors, as he defended his $56 billion pay package against claims that he dictated its terms to a compliant board. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to […]