The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.
Category: Shutdowns (Institutional)
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FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The New York Times – Business: -
Ford Halts Production of F-150 Lightning Electric Truck Over Battery Issue
The New York Times – Business:The automaker cited a potential problem with the battery pack of the F-150 Lightning but said it was unaware of any incidents “in the field.”
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How Much to See a Movie at AMC? It Will Soon Depend Where You Sit.
The New York Times – Movies:By the end of 2023, the movie theater chain will offer tickets at three different price tiers, with middle seats costing the most. You’ll pay less if you like the front row.
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Gawker, the Irreverent Gossip Site, Will Be Shuttered Again
The New York Times – Business:Bustle Digital Group, which publishes Gawker, said it would shut down the recently revived site after “a surprisingly difficult” start to the year.
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Closure of Le Castiglione Signals the End of a Chapter in Paris
The New York Times – Fashion & Style:With the closing of Le Castiglione comes the end of an era for a certain slice of Parisian life.
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British Airline, Flybe, Collapses a Second Time
The New York Times – Business:Flybe, once the largest independent regional airline in Europe, canceled all flights on Saturday. A new owner failed to save the carrier, which was already struggling when the pandemic hit.
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Southwest Lost $220 Million Because of Holiday Meltdown
The New York Times – Travel:The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.
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Noma, Rated the World’s Best Restaurant, Is Closing Its Doors
The New York Times – Business:The Copenhagen chef René Redzepi says fine dining at the highest level, with its grueling hours and intense workplace culture, has hit a breaking point: “It’s unsustainable.”
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Tesla Sales in China Slump as Competition Intensifies
The New York Times – Business:Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged.
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Japan’s Business Owners Can’t Find Successors. This Man Is Giving His Away.
The New York Times – Business:An owner’s struggle in Japan’s northern dairy region illuminates one of the potentially devastating economic impacts of an aging society.
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Southwest and Other Airlines Cancel Thousands of Flights Across the US
The New York Times – Travel:The company canceled more than 60 percent of its flights on Tuesday and Wednesday, leaving many travelers stranded.
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Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
The New York Times – Business:Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected.