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Taylor Swift Concert Fiasco Leads to U.S. Senate Grill Ticketmaster

Taylor Swift Concert Fiasco Leads to U.S. Senate Grill Ticketmaster

WASHINGTON, Jan 24 (Reuters) – U.S. senators on Tuesday denounced Live Nation Entertainment’s lack of transparency and failure to block robotic ticket purchases, in a hearing called after a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour. Ticketmaster, a subsidiary of Live Nation Entertainment Inc (LYV.N), which has been unpopular with fans …

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Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato …

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Genesis crypto lending unit files for bankruptcy in the US

Genesis crypto lending unit files for bankruptcy in the US

Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …

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Brazilian court grants bankruptcy protection to retailer Americanas

Brazilian court grants bankruptcy protection to retailer Americanas

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …

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Tesla video promoting self-driving was staged, engineer testifies

Tesla video promoting self-driving was staged, engineer testifies

Jan 17 (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating at a green light that the system didn’t have, according to testimony from a senior engineer. The video, which remains archived on Tesla’s website, was …

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Goldman job cuts hit investment banking and global markets hard

Goldman job cuts hit investment banking and global markets hard

Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) began laying off staff on Wednesday as part of a sweeping cost-cutting campaign, with around a third of those affected …

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Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says

Failed Crypto Exchange FTX Recovered Over $5 Billion, Lawyer Says

FTX valued a year ago at $32 billion Over $8 billion in missing FTX client funds FTX Affiliate Sales Plan Presented in Court NEW YORK/WILMINGTON, Delaware, Jan 11 (Reuters) – Crypto exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in the collapse of the company founded …

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Eisai and Biogen Receive US FDA Approval for Alzheimer's Drug and Seek Full Approval

Eisai and Biogen Receive US FDA Approval for Alzheimer’s Drug and Seek Full Approval

Jan 7 (Reuters) – The U.S. Food and Drug Administration on Friday approved Alzheimer’s disease drug lecanemab, developed by Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) for patients in the early stages of mind sickness. Eisai and Biogen said on Saturday that the Japanese drugmaker had sought full FDA approval for the drug. The …

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Exclusive: China in talks with Pfizer for generic COVID drug

Exclusive: China in talks with Pfizer for generic COVID drug

HONG KONG/BEIJING, Jan 6 (Reuters) – China is in talks with Pfizer Inc for a license that will allow domestic drugmakers to manufacture and distribute a generic version of the COVID-19 antiviral drug of US company Paxlovid in China, three sources told Reuters. China’s medical products regulator – the National Medical Products Administration (NMPA) – …

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Bed Bath & Beyond prepares to file for bankruptcy within weeks - sources

Bed Bath & Beyond prepares to file for bankruptcy within weeks – sources

Jan 5 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection in the coming weeks, people familiar with the matter said, following weak sales and an inability to compete major online and big-box retailers. The U.S. home goods retailer plans to skip debt payments due Feb. 1, one of the …

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