Lazard Incoming CEO Orszag Seeks to Double Revenue by 2030
Lazard Ltd.’s Peter Orszag is setting fresh targets for the 175-year-old investment bank, including doubling revenue by the end of the decade.
Bloomberg Business
US Targets Almost 100 Russians and Suppliers With New Sanctions
The Biden administration announced almost 100 fresh sanctions on Russia’s elites, its financial institutions and its supply chains, in a major new effort to squeeze President Vladimir Putin’s war machine.
Luxury Cruise Ship Gets Unstuck After Four Days in Greenland’s Arctic
The luxury cruise ship that ran aground in a remote Arctic area of Greenland and had been stuck there since Monday is once again afloat.
Microsoft Facing Formal EU Complaint Over Teams Video App
Microsoft Corp.’s attempt at avoiding deeper European Union scrutiny of its Teams video-conferencing app fell flat with the bloc’s antitrust enforcers readying a formal complaint against the firm’s conduct.
US Retail Sales, Producer Prices Jump on Rising Energy Costs
US retail sales and producer prices both rose in August by more than forecast, driven by higher fuel costs that risk tempering household spending and keeping inflation elevated.
X Corp. Agrees to Try to Settle Lawsuits Over Mass Layoffs
Elon Musk’s X Corp. has agreed to try to settle claims by thousands of former Twitter employees who say they were cheated of severance pay, according to a memo by a lawyer for the workers seen by Bloomberg News.
Banks Rush to Gain Foothold in $1.5 Trillion Private Credit Market
Banks are increasingly muscling in on the $1.5 trillion private credit market in a move that further blurs the lines between private-lending funds and their traditional banking rivals.
Caesars Entertainment Paid Millions to Hackers in Attack
Caesars Entertainment Inc. paid tens of millions of dollars to hackers who broke into the company’s systems in recent weeks and threatened to release the company’s data, according to two people familiar with the matter.
Billionaire Blavatnik’s DAZN Plans French Football Rights Bid
DAZN, backed by billionaire Len Blavatnik, plans to bid for French football rights for the first time
ECB Delivers 10th Hike as Lagarde Won’t Quite Confirm Rate Peak
The European Central Bank raised interest rates for the 10th consecutive time as President Christine Lagarde signaled a shift in gear that could mean the peak has been reached.
