Britain’s £3 Billion Warship Sets Sail After Year in Drydock
A £3 billion ($3.9 billion) British aircraft carrier that was stuck in drydock for nearly a year has finally set sail again after overcoming the latest in a series of setbacks.
Bloomberg Business
Atlanta Braves Fans Can Now Own a Piece of the MLB Team
Fans of Major League Baseball can now own a stake in the Atlanta Braves after the franchise became the league’s only publicly-traded team.
Russian Flagship Oil Cargo Transfers at Sea Grind to a Halt
The transfer of Russia’s flagship Urals oil at sea — a key part of the nation’s petroleum supply chain since the war in Ukraine — has all but ground to a halt.
Tesla Sinks as Musk Warns of More Blows to Profitability
Tesla Inc. shares fell after the carmaker warned of more hits to its already-shrinking profitability.
Wealthy Newport Beach Splurges $26 Million to Hide Power Lines
Newport Beach, California is investing millions of dollars to remove unsightly power lines in an effort to boost its already sky-high property values.
Powerball $1 Billion Winner Hits Jackpot Twice in California
A Powerball player in California hit the jackpot last night, winning $1.08 billion, the third-largest take of its type in history.
Hungary Accused of Cut-Price Steel Plant Sale to Sanjeev Gupta
Ukraine’s Metinvest BV has accused the Hungarian government of selling a steel plant to Sanjeev Gupta for less than a third of its true value.
Iraq Severs Ties with Sweden After Protest on Koran Burning
Iraq severed diplomatic ties with Sweden and suspended the license of Ericsson AB, as a row over perceived anti-Muslim demonstrations in Stockholm intensifies.
Private Equity’s Favorite Debt Market Scores a Win With SEC’s Silence
Wall Street’s private equity firms won a reprieve from a regulatory threat that could have upended a debt market they rely on to bankroll billion-dollar buyouts.
Dubai’s RTA Invites Banks to Pitch for Taxi, Parking IPOs
Dubai’s Roads & Transport Authority has invited banks to pitch for roles on the planned initial public offerings of its taxis and parking businesses, according to people familiar with the matter.
