Alibaba’s major reorganization is seen as a sign that the Chinese government may ease its scrutiny of the domestic tech sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is looking to achieve 5% growth this year, after two years in which its economy has been battered by … Read more
waltz disney Co. SAY 2.16% laid off more than 300 employees in Beijing who worked on its streaming services, according to people familiar with the situation, as part of an effort to cut costs and restructure the entertainment company. The layoffs in China come as Disney this week began making the first wave of job … Read more
After losing Hyatt Globalist status in February and resigning myself to the reality of lower tier status with World of Hyatt (RIP free full breakfast, suite upgrades, and late 4pm checkout), an incredible opportunity has just presented itself. to achieve Hyatt’s top status through 2025. Related: What is World of Hyatt elite status worth? Bilt … Read more
Bed Bath & Beyond, a New Jersey-based company, is laying off more than 1,300 employees in the state as it scales back operations nationwide in a bid to combat financial hardship. The move also comes just before a new state law takes effect requiring large companies to give workers longer notice of mass layoffs and … Read more
Complaints about air travel have nearly quadrupled from pre-pandemic levels after waves of cancellations, delays and lost luggage disrupted the travel plans of millions of travellers. Travelers filed 60,732 complaints from January 2022 to November, according to a new report from the US PIRG Education Fund, a public interest research group that reviewed US Department … Read more
Comment this story Comment In a tumultuous decade, Rupert Murdoch’s sprawling media empire wrote more than a few fat checks to avoid nasty court battles and negative headlines. There was the more than $100 million paid out to celebrities and crime victims whose phone messages were hacked by his UK tabloids. The $50 million paid … Read more
Technology By Thomas Barrabi March 29, 2023 | 2:25 p.m. Disgraced FTX founder Sam Bankman-Fried is supposed to pay for his expensive legal defense using money from a ‘multi-million dollar gift’ he gave his father – with funds from his fund doomed cryptocurrency speculator, Alameda Research. Bankman-Fried gave the “big monetary gift” in 2021 to … Read more
Business By Ariel Zilber March 29, 2023 | 2:19 p.m. James Dolan is allowed to bar lawyers suing his company from events at Madison Square Garden and its other venues, according to a court ruling – but a banned lawyer says Dolan could be forced to pay $500 for each invalidated ticket. A Manhattan state … Read more
Comment this story Comment Credit Suisse, the troubled Swiss bank recently acquired by a rival, helped ultra-wealthy Americans hide millions in assets to evade taxes, breaching a 2014 plea deal with US authorities, a report has reached. Senate panel in a report released Wednesday. The finance committee’s findings, the result of a two-year investigation, “underscore … Read more
New York (CNN) The high price of eggs and other breakfast staples is forcing some to look for cheaper breakfast alternatives. And the ramen? Cup Noodles, the budget food company, has created a breakfast version of its instant ramen, which blends the flavors of sausage, maple syrup pancakes and eggs into a spicy texture designed … Read more
