Los Angeles Delays ‘Mansion Tax’ Spending Amid Legal Fight
Los Angeles plans to hold off spending most of the money collected from a voter-approved “mansion tax” until legal challenges against the initiative are resolved.
Bloomberg Business
Hasbro Is in Talks to Sell ‘Yellowjackets’ Studio to Its Founder
Hasbro Inc. is in talks with Entertainment One founder Darren Throop to sell most of the film and TV studio’s assets back to him, according to people familiar with the matter.
Fox Stares Down $2.7 Billion Smartmatic Suit After Dominion Deal
Putting lawsuits behind you can get expensive.
BuzzFeed Shutters News Operation; Insider Cuts 10% of Staff
BuzzFeed Inc. is shutting its news operation, and business-news publisher Insider Inc. is cutting about 10% of its staff in the latest retrenchments for the digital-media business.
Fed’s Mester Says FOMC to Assess Loan Tightening at May Meeting
Federal Reserve Bank of Cleveland President Loretta Mester said policymakers will gauge the impact of banks tightening their lending standards when they meet next month to discuss the peak rate.
Whole Foods Plans Hundreds of Corporate Layoffs, WSJ Reports
Amazon.com Inc.’s Whole Foods Market grocery chain plans to lay off hundreds of corporate employees as part of a reorganization, the company announced Thursday.
China’s $1.4 Trillion Wealth Fund Backs ESG as US Divisions Grow
In the US, ESG has become a political wedge issue. In China, it’s a national rallying cry.
MUFG Seeks to Buy Alternative Asset Firms to Match Client Flows
Mitsubishi UFJ Financial Group Inc. is seeking to acquire alternative asset managers as more client money flows into non-traditional investments.
Tesla Sinks as Musk Eyes More Price Cuts Despite Margin Squeeze
Tesla Inc. shares slid the most in more than three months after Elon Musk indicated his company will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.
Fed Emergency Loans to Banks Post First Rise in Five Weeks
Banks increased emergency borrowings from the Federal Reserve for the first time in five weeks, indicating that financial stresses are lingering after a string of bank collapses last month.
