Monthly Archives: August 2020

Citibank sues for $ 176m payment made in case of mistake

Copyright Getty Images US banking giant Citigroup has asked a federal court to order hedge fund Brigade Capital to return $ 176 million (£ 134m). The money is part of the $ 900 million that the bank accidentally transferred to creditors of wrestling cosmetics company Revlon. The bank says it …

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Marks & Spencer to cut 7,000 jobs

Pedestrians wearing or covering a face mask due to the COVID-19 pandemic will walk past an M&S (Marks and Spencer) store in central London on 20 July 2020. tolga akmen / Agence France-Presse / Getty Images Marks & Spencer, the iconic but struggling UK retailer, said on Tuesday that it …

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Uber and Lyft consider franchise-like model in California

OAKLAND, California – Uber and Lyft, who are facing mixed pressure to classify their freelance drivers as full-time employees in California, are looking for another way. One option that both companies are seriously considering is licensing their brands to car fleet operators in California, according to three people with knowledge …

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