Estée Lauder Is Falling Behind Rivals Like L’Oréal, Even on Its Home Turf
Challenges have led to discussions about who will succeed CEO
Bloomberg Business
Citadel in Fresh Dispute With Balyasny Over Hedge Fund Talent
Citadel and Balyasny Asset Management are engaged in a new dispute over hiring, marking at least the second time in as many years that the two firms have clashed in an intensifying competition for hedge fund talent.
UK Household Fuel Bills Expected to Drop 7% Under New Price Cap
Energy bills for UK households are forecast to decline 7% starting in October, taking the typical annual bill below £2,000 ($2,543) for the first time in a year.
Detroit Carmakers Resist Pressure to Pay Up for Battery Workers
‘Their intent was to create a different class of workers,’ UAW President Shawn Fain says in an exclusive interview.
Adyen Co-CEO Rules Out Buybacks After Stock Rout
The co—head of Dutch payment processing company Adyen NV ruled out a share buyback one day after its earnings triggered a stock meltdown that erased more than €18 billion ($20 billion) of its market value.
Pakistan’s Fuel Oil Shipments Jump Amid Shift to Nuclear Power
Pakistan’s fuel oil shipments have jumped more than five times as the country shifts away from the dirtier alternative to nuclear energy for power generation.
Kenya Targets $379 Million Primary Surplus, First in Two Decades
Kenya could achieve a primary surplus this fiscal year, the first in two decades, if it can hit its revenue targets, Treasury officials said.
EU Criticizes China for Eroding Rule of Law, Autonomy in Hong Kong
The European Union warned that China’s actions in Hong Kong and Macao are eroding the autonomy of those areas, as well as damaging democratic principles and fundamental freedoms.
Hawaiian Electric’s Credit Rating Downgraded to Junk by Moody’s
Hawaiian Electric Co.’s credit score was lowered into junk territory by Moody’s Investors Service, cementing the embattled utility’s status as a so-called fallen angel after fires spread across Maui.
Hedge Fund Woodline Sued for ‘Oppressive, Misogynistic’ Culture
Karl Kroeker, co-founder of hedge fund Woodline Partners, was sued by a former employee claiming he contributed to a demeaning work culture and repeatedly made sexually inappropriate comments, and that she was fired as she grappled with postpartum depression.
