Credit Suisse Looks to Skinny Down to Move Forward
Is Credit Suisse preparing for a major shake-up?
Corporate News
Top LA Lifeguards Make $300,000 A Year
One thing’s for sure, these are no beach bums. Seven Los Angeles County lifeguards made more than $300,000 in 2019, and 82 brought in over $200,000, according to a new investigation by Forbes. Wall Street Sum, Santa Monica Sun While…
Rupert Murdoch Becomes The Lord of The Lord of the Rings
One publisher to rule them all, one publisher to bind them. News Corp is buying the consumer arm of publisher Houghton Mifflin Harcourt for $349 million, bringing the works of George Orwell, Philip Roth and J.R.R. Tolkien into Rupert Murdoch’s…
U.K. Car Marketplace Cazoo Plans Public Listing, Netting $7 Billion Valuation
Along with their accents, British autos have garnered the reputation of being rather classy. But for those without the quid for a fresh-off-the-lot Jaguar, Rolls-Royce, or Aston Martin, there’s Cazoo. After just 3 years in business, the British used car…
The Cruise Battle Heats Up In Florida
Of all the industries disrupted by the pandemic, few (if any) were hit worse than the cruise industry. On Friday, Florida governor Ron DeSantis — along with leaders from the major cruise lines — came together to both vent their…
SPAC mania, meet EV mania
The splashiest public listing in the history of Europe belongs to an electric vehicle maker you’ve likely never heard of. Yesterday Arrival merged with the SPAC CIIG Merger Corp at a valuation of $13.6 billion. No European company had ever…
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Should I Suez or Should I Go Now?
It’s still there, and it might be for weeks. The behemoth cargo ship — the Ever Given — remains grounded in the Suez Canal after getting caught in a sandstorm on Tuesday. It’s the subject of horror for global trade,…
Fantasy Cricket in India Vaults Dream Sports to $5 Billion Valuation
Don’t call it a home run, it’s called a six. And Mumbai-based Dream Sports, which owns online fantasy cricket platform Dream 11, hit a big one Wednesday. The company announced a $400 million round Wednesday, led by Technology Crossover Ventures….
Checking-In On Europe
As vaccination rates in the United States continue to climb and the collective healthcare burden falls, much of Europe is headed in the wrong direction. Countries like Germany, France, and Italy are mired in a brutal third wave of both…
No Zoom Fridays Are Now a Thing at CitiGroup
Casual Fridays used to mean no ties, no dress pants and the chance to walk around in nice, soft sneakers. At CitiBank, it now means no Zoom calls. CEO Jane Fraser has banned internal video calls on the last day…
Big Data Platform Dataminr Scores $4.1 Billion Valuation
Somewhere between the analytical powers of an abacus and a crystal ball, you’ll find Dataminr. The firm, which parses data to provide customers real-time insights, just secured $475 million in new funding at a $4.1 billion valuation. That puts it…
