Sports Direct has a almost 30% share in Debenhams. "If Mr Ashley were to be appointed to the board of directors of Debenhams during this business critical period". It said that if he was to be appointed Mr Ashley would "carry out an executive role and would focus on the Debenhams business, including building a strong board and management team". [Full Article...]
Employers added just 20K new jobs in February. January's job growth was revised up to 311,000 from 304,000 and December was revised up to 227,000 from 220,000. The drop in unemployment leaves the unemployment rate within its recent range. " The additional pool of labor has given the FOMC one more reason to be "patient" with further policy tightening ". [Full Article...]
The Wall Street Journal reported on Thursday that despite Shkreli's incarceration, he "remains the shadow power" at his pharmaceutical company, Phoenixus AG. Shkreli is hoping to emerge from prison in 2023 a wealthier man than when he entered, but some of the more fascinating aspects of the piece involve what prison is like for quite possibly the most universally reviled man in America. [Full Article...]
He ruled out the possibility of Ghosn meeting with the press on Thursday. If convicted on all charges, Ghosn faces up to 15 years in jail. Broadcasters showed stacks of Japanese currency the size of a small bed to demonstrate what his bail of 1 billion yen ($8.9 million) looked like. [Full Article...]
Purportedly, he has been charged with the possession of approximately 30 kilograms of drugs, including ketamine, cocaine, MDMA, and methamphetamine, as well as for its importing and trafficking. Regulatory operations national manager, Dr Nathan Newman, said AUSTRAC's "decision to suspend the registration of the two business means they can no longer lawfully operate". [Full Article...]
Weirsky returned to the store the next day, verified that the tickets were his, and went home. Someone found them and gave them to the store to hold. He hasn't worked for years, and for the past year had been unable to secure even a job interview. He says he doesn't intend to take the job but will possibly start a business with family members. [Full Article...]
QuadrigaCX's directors posted a notice on the firm's website on January 31 that it was asking the Nova Scotia court for creditor protection while they address "significant financial issues" affecting their ability to serve customers. Exactly where the money has gone is still unclear. E&Y is now trying to gather information about the trading done via these other accounts to see if it can trace... [Full Article...]
In its filing, Tesla said it had amended its asset-backed lending credit agreement with a syndicate of banks, increasing revolving commitments by 500 million to a total of 2.425 billion USA dollars, while extending the maturity date of the agreement by three years. [Full Article...]