Barnes & Noble Workers at Manhattan Store Want to Unionize
Workers at a New York City Barnes & Noble store are petitioning to unionize, expanding nascent organizing efforts at the longtime non-union chain.
Bloomberg Business
Man United Bidders Make Third Attempt to Clinch Record Deal
Sheikh Jassim bin Hamad Al Thani has submitted a final bid of around £5 billion ($6.3 billion) for Manchester United, one of the world’s most iconic football teams, according to people familiar with the situation.
Ben & Jerry’s Agrees to Workers’ Proposed Principles in Union Bid
Ben & Jerry’s, the ice cream brand owned by Unilever Plc, has agreed to terms for a unionization process proposed by workers at its flagship store in Burlington, Vermont.
Ex-Goldman Banker Ng Seeks Delay to Start of 10-Year Sentence
Former Goldman Sachs Group Inc. banker Roger Ng asked a US judge to delay the start of a 10-year prison sentence for his role in the global 1MDB fraud, saying he needs three months to allow for his wife and young daughter to arrive in New York from Malaysia.
Cross River Bank Gets FDIC Enforcement Order Over Lending
Cross River Bank, a partner of financial technology companies and crypto firms, received a cease-and-desist order from the Federal Deposit Insurance Corp. over what the agency said were “unsafe or unsound” practices related to fair-lending laws.
US Lags Behind China in Push for Sway in Pacific, Envoy Says
A Biden administration envoy to the Pacific Islands acknowledges that the US has some catching up to do with China after years of neglecting the historically pro-American region.
Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot
Zibo, in eastern Shandong province, looks just like any other industrial town in China, home to petrochemicals, textiles and porcelain factories. Its biggest claim to fame is a visit by then FIFA president Sepp Blatter in 2004, who proclaimed the city the birthplace of soccer based on tenuous links to an ancient ball game.
Carvana’s Creditors Offer to Swap Debt for Equity, Defer Payment
Creditors holding about 90% of Carvana Co.’s bonds have been pitching the beleaguered used-car company on ways to pare down debt and improve liquidity, including a proposal for a debt-for-equity swap, according to people with knowledge of the situation.
First Republic Plunges on Expectation of Seizure by FDIC
First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments.
Quarles Rejects Fed Criticism of Bank Supervision on His Watch
Former Federal Reserve supervision chief Randal Quarles rejected the Fed’s criticism of oversight on his watch in its report Friday on the failure of Silicon Valley Bank.
