Tiffany, LVMH Trial Set for Early January
Tiffany sued LVMH earlier this month after the French luxury-goods company said it couldn't proceed with its $16.2 billion takeover of the U.S. jeweler.
Senate Democrats Oppose Bonus for Purdue Pharma CEO
Democratic senators are challenging the OxyContin maker's request to pay its chief executive a bonus that could total millions of dollars while the company is in bankruptcy, saying such an award would be offensive to the families harmed by the opioid crisis.
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.
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.
Chinese Hotel Group's Shares Rise in Hong Kong Debut
Huazhu Group's shares extended opening gains to rise 4.7% in early trade, after raising around US$782 million in the secondary offering.
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.
Activist Trian Fund Management Takes Stake in Comcast
Trian Fund Management has taken a stake in Comcast in a bet that the cable giant's shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.
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.
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.