Forma Brands, the bankrupt owner of the Morphe makeup brand, reached an agreement with lenders Jefferies Finance LLC and Cerberus Capital Management to be acquired in exchange for $690 million in debt relief, according to a court filing.
Big technology companies won a major court victory in Washington, where a judge dismissed a suit challenging the rights of highly skilled H-1B visa holders’ spouses to work in the US.
The Federal Reserve’s top bank regulator on Wednesday said that supervisors could have done more to keep tabs on Silicon Valley Bank before it collapsed earlier this month.
Turkey’s parliament will vote to approve Finland’s membership in NATO on Thursday, following through on President Recep Tayyip Erdogan’s promise to let the Nordic nation into the defense alliance.
For a sign of where oil prices are heading, look to the skies — specifically, China’s skies.
Starbucks Corp.’s recently departed chief executive officer, Howard Schultz, forcefully defended the company’s response to union organizing at a Wednesday Senate hearing, rejecting judges’ and prosecutors’ accusations that the coffee chain repeatedly violated labor laws.
Kenya’s central bank surprised financial markets by raising borrowing costs to an almost five-year high because of sustained inflationary pressures. Bonds gained.
(Bloomberg) — The Irish government moved to reassure US multinationals that the country can address its chronic housing shortage, after American firms identified it as the biggest obstacle to further investment in the country.
DBS Group Holdings Ltd.’s digital banking and payment services were restored after an outage that lasted about 10 hours, in a throwback to more than a year ago when Southeast Asia’s biggest bank faced one of its worst tech outages.
SES SA is in talks to combine with rival Intelsat SA to create a satellite giant that can better compete with billionaire Elon Musk.
