Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
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More money is helping the IRS. Republicans still want to cut its budget.
Comment on this storyComment Add to your saved stories Save President Biden and Democrats in Congress turbocharged the Internal Revenue Service in 2022, handing the tax collector tens of billions of dollars to modernize and train a harder gaze on high-income earners and major corporations. Not even two years later, Republicans in Congress have succeeded…
Netflix beats shareholder lawsuit over account-sharing disclosures
Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was hindering its growth. A Texas-based investment trust sued in May 2022, after Netflix shares lost a third of their value when the company said subscribers were decreasing for the…
Telegraph takeover: Gulf bidders promise press freedom
“Furthermore, by their own admission, the Abu Dhabi investor has no editorial experience or interest in getting involved unlike Rupert Murdoch, who is a journalist down to his fingertips or previous owners of the Telegraph, such as Conrad Black, and indeed the current ownership,” he added.
Michaela Coel Turning Down A $1 Million Netflix Deal Is A Prime Example Of Knowing Your Self-Worth
Looking to salvage the deal before completely giving it the axe, Michaela tried to bargain with Netflix to at least retain five percent of her rights — eventually asking for as little as two percent. There was just silence on the phone. And she said, “It’s not how we do things here. Nobody does that,…
FAA launches probe of Boeing 737 MAX 9 after midair blowout: ‘Cannot happen again’
The Federal Aviation Administration said Wednesday it is launching a formal investigation into the Boeing 737 MAX 9 after a cabin panel blew off an Alaska Airlines flight while in mid-air last week, forcing an emergency landing. The FAA has grounded 171 Boeing jets installed with the same panel after the landing, most of which are operated by carriers Alaska Airlines and United…
Boeing’s Max 9 Crisis Deepens
New questions for Boeing The trouble at Boeing is deepening after safety inspectors at Alaska Airlines and United Airlines found loose bolts on some grounded 737 Max jetliners, drawing scrutiny to the quality control process for one of the world’s best-selling aircraft models. The findings raise questions about whether regulators will call for broader safety…
