Category: Corporations

Supreme Court Rejects Oil Company Argument in Fight Over Great Lakes Pipeline

The New York Times – Business:
The justices sided with Michigan officials, who have raised environmental alarms and pushed to decommission an aging section of the pipeline.
Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines

The New York Times – Business:
As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
He Was Supposed to Break Up Kraft and Heinz. He Changed His Mind.

The New York Times – Business:
Steve Cahillane, a food industry veteran, is trying to revive the company behind Kool-Aid, Oscar Mayer and many other brands.
Binance Under Fire After Reports That $1.7 Billion in Crypto Flowed to Iran

The New York Times – Business:
The world’s largest crypto exchange is under fire after investigators found accounts moving $1.7 billion to Iranian entities. Clues about those accounts were in plain sight for over a year.
Waymo Co-CEO Tries to Make a Case for the Safety of Driverless Cars

The New York Times – Business:
Waymo’s co-chief executive, Tekedra Mawakana, knows she needs to earn the public’s trust. It won’t be easy.
Edison Will Reduce Executive Bonuses as a Result of the Eaton Fire

The New York Times – Business:
Southern California Edison had said its electrical equipment most likely caused the blaze, which destroyed much of Altadena, a Los Angeles suburb.
South Korean Court Rules Against Women in LG Inheritance Lawsuit

The New York Times – Business:
The widow and two daughters of LG’s former chairman sought to invalidate an inheritance agreement, claiming they were deceived into forfeiting their rightful inheritance.
Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies

The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests.
Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals

Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves.
Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals

Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves.
Private Equity, Saddled With Investments It Can’t Sell, Loses Its Luster

As funds deliver mediocre returns and sheds investors, the industry is struggling to unload 31,000 investments, an increase over this time last year.
U.S. Threatens Penalties Against European Tech Firms Amid Regulatory Fight

The Trump administration singled out European tech firms by name and promised economic consequences Tuesday unless the E.U. rolls back tech regulation and lawsuits.