UK National Portrait Gallery’s £44 Million Investment Pays Off
After three years of renovation, the country’s preeminent portrait gallery has new stories to tell.
Bloomberg Business
Swarthmore Leverages Its Rare AAA Rating to Borrow for Campus Renovations
Swarthmore College is expected to tap the $4 trillion municipal bond market for more than $125 million of debt, hoping to lure buyers with its top-tier credit rating.
Progress Software Says Purported Bug in MOVEit Isn’t a Fourth ‘Zero Day’
Progress Software Corp. said it has investigated a new purported flaw in its file-sharing software submitted by an anonymous researcher and determined it is not a zero day, the term used for a vulnerability that doesn’t have a fix.
Zara Founder Bets on European Logistics With €105-Million Netherlands Warehouse
Amancio Ortega, the billionaire founder of Inditex SA, acquired a warehouse in the Netherlands, marking his first move into European logistics after a buying spree in the United States last year.
Bitcoin Jumps on Speculation BlackRock ‘May Know Something’
BlackRock Inc.’s surprise filing for a US spot Bitcoin exchange-traded fund last week has lead to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its application.
Zola to Launch Baby Registry With Bankrupt Buybuy Baby’s Future Uncertain
Zola Inc. is expanding its online wedding services platform to include a baby registry, a sign that some companies are seizing on the bankruptcy of Bed Bath & Beyond Inc. and its Buybuy Baby chain to boost their own businesses.
Raytheon’s $7 Billion GPS Stations Are Running 73% Over Estimates
Raytheon Technologies Corp.’s system of 17 ground stations to control the Pentagon’s constellation of GPS satellites has drawn the ire of the House panel that funds annual defense spending because it’s running seven years late and is now $7 billion, which is 73% costlier than initial projections.
Bank of Canada Debated Holding Rates Again But Signaling Hike
The Bank of Canada debated holding interest rates steady in June and signaling it would hike at its next meeting, according to a summary of deliberations.
Belgian Foreign Minister Is Under Pressure Over Iran, Russia Visas
Belgian Foreign Minister Hadja Lahbib faced calls to step down Wednesday as she was quizzed by lawmakers on her decision to grant visas to Iranian and Russian officials.
Fed’s Goolsbee Says Last Week’s Rate Decision Was a ‘Close Call’
The Federal Reserve’s decision to hold interest rates steady last week was a “close call” as central bank officials try to figure out whether they’ve tightened enough to bring inflation down, Chicago Fed President Austan Goolsbee said.
