Clorox to Cut More than 60 Jobs at Kentucky Factory in Reorganization Push
Clorox Co., in the midst of a reorganization, will lay off 62 employees in August at a Kingsford charcoal factory in Kentucky.
Bloomberg Business
Winklevoss Twins’ Gemini Sues Crypto Conglomerate DCG, Citing Fraud
Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging “fraud and deception” stemming from a failed lending venture between the two firms.
France’s Boone Says Daily Life Is Back to Normal After Riots
France’s minister for European affairs, Laurence Boone, said calm has returned to the country after riots triggered by the police shooting of a teenager in a Paris suburb 10 days ago.
Polygon Names New CEO, Shuffles Top Executives as SEC Expands Oversight
Polygon Labs, the main software developer behind the namesake blockchain project, is reorganizing its leadership team, including appointing a new chief executive officer. The reshuffle comes a month after the US Securities and Exchange Commission said it considered Polygon’s native token to be a security.
What Air Traffic Control Strike Means for European Travel
It’s getting riskier to embark on a vacation in Europe this summer, with the aviation industry bracing for the possibility of widespread strikes during the peak travel season. Industrial action has already come to airports in France, the UK and Switzerland and affected the likes of Ryanair Holdings Plc, Air France-KLM and Deutsche Lufthansa AG. Now staff at Europe’s air route coordination body may walk off the job, too. Thousands of flights could be delayed or outright canceled as a result.
Tycoon Pignataro Wins ECB Approval for Stake in Italian Bank
The European Central Bank approved Ion Group’s request to buy a significant stake in a small Italian bank, allowing the services group owned by Andrea Pignataro to take a “qualifying holding” in the banking industry for the first time.
Trump Special Counsel Spent $5.4 Million Probing Former President So Far
Special Counsel Jack Smith spent $5.4 million on staff compensation and other expenses in his first four months leading two criminal investigations involving former President Donald Trump.
Meta’s Threads Has 70 Million Signups, Surprising Zuckerberg
Meta Platforms Inc.’s new social media app Threads has garnered 70 million users in just two days after its launch, a sign of enthusiasm that Chief Executive Officer Mark Zuckerberg said was “way beyond our expectations.”
European Gas Posts Biggest Weekly Drop Since May as Stocks Rise
European natural gas prices posted their biggest weekly drop since May as rising inventories and lackluster demand outweigh supply and weather-related risks.
Two Giant Credit ETFs Hit by $2 Billion Exit on Hawkish Fed Bets
A pair of exchange-traded funds tracking corporate credit saw a nearly $2 billion flight after data underscoring jobs strength solidified bets the Federal Reserve will resume its interest-rate hikes.
