General Motors CEO Mary Barra speaks to the media on June 12, 2018 in Detroit, Michigan. Bill Pugliano | fake pictures A federal judge in Detroit on Tuesday ordered the CEOs of automakers General Motors and Fiat Chrysler Automobiles to meet before July 1 to try to settle GM’s organized …
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German authorities arrested former Wirecard CEO Markus Braun days after he left the payment company amid a $ 2.1 billion accounting scandal. Munich prosecutors accused Braun of using bogus proceeds from “third-party acquirers” transactions to inflate Wirecard’s assets and sales volume and make it more attractive to investors. Braun turned …
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The department store chain, which filed for bankruptcy last month, is slowly moving toward its goal of closing 250 stores, about 30% of its network of 846 locations. The company previously said it expects 200 of those closings to occur later this summer, and the remaining 50 to close by …
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Reinout Schakel, chief financial officer of Luckin Coffee Inc., pauses as he speaks during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, USA. USA, Friday May 17, 2019. Victor J. Blue | Bloomberg | fake pictures Luckin Coffee revealed on Tuesday that it received a …
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Officials in western India’s Maharashtra state said Monday they were reviewing deals with three Chinese companies as they seek clarity from the Indian government on how, or if, to proceed. The preliminary agreements were announced last week as part of a local government initiative to help revive the Indian economy …
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