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Citigroup, funds in talks to end lawsuit over errant $500 mln Revlon payment
November 28, 2022November 22, 2022 nxtsparkcom

Citigroup, funds in talks to end lawsuit over errant $500 mln Revlon payment

Business

Citigroup Inc (C.N) is in talks to end litigation against hedge funds and investment firms that it mistakenly paid about $500 million on a loan

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Meatpacker JBS’s plunging profit beats forecasts
November 27, 2022November 22, 2022 nxtsparkcom

Meatpacker JBS’s plunging profit beats forecasts

Business

Brazil’s JBS SA (JBSS3.SA), the world’s largest meat producer, on Thursday said quarterly profit plunged 47.1%, but results still beat analysts’ estimates as higher revenues

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Tropical Storm Nicole causes U.S. flight cancellations
November 26, 2022November 22, 2022 nxtsparkcom

Tropical Storm Nicole causes U.S. flight cancellations

Business

Airlines in the United States canceled more than 1,350 flights on Thursday as Tropical Storm Nicole made landfall on the east coast of Florida, forcing

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Behind FTX’s fall, battling billionaires and a failed bid to save crypto
November 25, 2022November 22, 2022 nxtsparkcom

Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Business

On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. “I fucked

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Musk tells Twitter staff: Bankruptcy isn’t out of the question
November 24, 2022November 22, 2022 nxtsparkcom

Musk tells Twitter staff: Bankruptcy isn’t out of the question

Business

Twitter owner Elon Musk told employees on Thursday that he is not sure how much run rate the company has and that bankruptcy is not

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Dollar slides, CPI data suggests Fed could slow pace of rate hikes
November 23, 2022November 22, 2022 nxtsparkcom

Dollar slides, CPI data suggests Fed could slow pace of rate hikes

Business

The dollar fell sharply on Thursday after U.S. consumer prices rose less than expected in October to suggest underlying inflation is cooling, data that Wall

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California sues 3M, DuPont over toxic ‘forever chemicals’
November 22, 2022 nxtsparkcom

California sues 3M, DuPont over toxic ‘forever chemicals’

Business

California’s attorney general on Thursday sued 3M Co (MMM.N), DuPont de Nemours Inc (DD.N) and several other companies to recoup the “staggering” clean-up costs from

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