Business

Neiman Marcus is asking a federal bankruptcy court in Texas to allow nearly $ 10 million in salary increases for CEO Geoffroy van Raemdonck and seven other executives as the company goes through debt restructuring. The proposed compensation plan covers staff who are “critical to daily operations” and Neiman Marcus’ …

It was supposed to fetch a real sum, but it ended up selling last year at auction for the price of a relative destitute. Now, Beverly Hills Mountain is at the center of a new lawsuit seeking to recover more than $ 100 million in allegedly misappropriated funds. The Justice …

It is an open secret that commercial real estate owners withdraw cash from buildings. When they do, unlike homeowners, criticism is often mild. After all, hotels, shopping malls, office towers, and other commercial buildings are run as businesses, where the primary goal is to make a profit. “The real estate …

Icelandair, the island nation’s flag carrier, announced on Friday that it will fire all of its flight attendants. Starting Monday, Icelandair pilots will assume the roles of flight attendants, the company said. The legality and practicality of having pilots act as flight attendants is unclear. Visit the Business Insider home …

The data agrees with his claim: The parts of the country where the coronavirus outbreaks are now largest are metropolitan areas across the south and west of the country, areas with local Democratic leaders, and large communities of color in states predominantly governed by Republicans. . That increased political tension …