Volkswagen in Talks to Sell Bugatti Brand to Croatian Upstart

VW, whose brands range from Audi to Porsche and Skoda to Lamborghini, is discussing the possible divestment with Croatia's Rimac Automobili. 


 
Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

The electric-truck startup's founder and executive chairman is stepping down with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors. 


 
Ann Taylor's Parent Gets Green Light to Sell Catherines Brand Out of Bankruptcy

Ascena Retail Group won bankruptcy-court approval to sell the plus-size brand to FullBeauty Brands for nearly $41 million. 


 
LA Fitness Lenders Tap Adviser for Debt Negotiations

Lenders to the LA Fitness chain have hired a financial restructuring adviser to lead discussions with the company in an effort to avert a potential cash crunch after pandemic lockdowns rocked the gym industry. 


 
TikTok and Oracle Spar Over Ownership, Threatening Deal

The role of TikTok's Chinese owner in a newly created company pairing the app with Oracle remains a point of contention despite signs of a final agreement over the weekend. 


 
Chinese Leaders Split Over Releasing Blacklist of U.S. Companies

Beijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait till after the U.S. election. 


 
Quibi Explores Strategic Options Including Possible Sale

The streaming-video service, founded by Hollywood mogul Jeffrey Katzenberg, has struggled to sign up subscribers in a competitive online-video marketplace. 


 
Microsoft Buys Doom Owner in $7.5 Billion Videogaming Deal

Microsoft said it would buy the parent company of videogame publisher Bethesda Softworks for $7.5 billion in cash. 


 
Harley-Davidson Names Goetter as Financial Chief

Harley-Davidson said it named Gina Goetter as chief financial officer, effective Sept. 30. 


 
Bank Investors Disregard Revelations of Suspicious Activity

Why it makes sense that European bank investors have shrugged off revelations of possible money laundering.