People
Bernard Arnault Moves to Tighten the Family's Hold on LVMH by Nominating 2 More Sons to Company's Board
LVMH head Bernard Arnault has proposed the appointment of his two sons to the company's board. Bernard Arnault, the head of the LVMH luxury goods conglomerate, disclosed on Wednesday that he has proposed the appointment of two more of his children to the company's board, a move to solidify his family's grip on Europe's most valuable firm.
Paramount Joins Industry Trend Layoffs to Cut Operating Costs
Paramount CEO Bob Bakish announced job cuts, joining an industry trend of layoffs. Paramount CEO Bob Bakish announced staff layoffs on Thursday as part of a strategic effort to operate more efficiently and reduce expenses, according to a report by CNBC.
Russian Investor Reportedly Made Millions From Insider Trading Linked to Donald Trump Media Company
A Russian-American businessman has been accused of making millions from alleged insider trading involving the media company of former President Donald Trump.
Binance Founder Changpeng Zhao Denied Travel to UAE Again Despite $4.5 Billion Equity as Security Offering
The request of Binance founder Changpeng Zhao to travel to the United Arab Emirates (UAE) was rejected again by a federal judge in Seattle.