Business 0

Barclays, execs in UK court over fraud allegations

Posted on 03 July 2017

LONDON — Barclays and four of its former executives, including the ex-CEO, appeared in court in Britain on Monday on charges of conspiracy to commit fraud connected with efforts to raise funds from Qatar and avoid a bailout during the 2008 financial crisis.The charges are the first in Britain against a bank and former executives for activities during the crisis.At the heart of the case ...

Business 0

Caesars Hauls Itself Out of Bankruptcy

Posted on 25 January 2017

Caesars Entertainment is at last ready to drag its main operating unit, Caesars Entertainment Operating Co. (CEOC), out of bankruptcy.
Its bankruptcy reorganization plan was approved Tuesday by Judge Benjamin Goldgar in a Chicago court, putting to bed (we hope) a two-year saga that one of Caesars own lawyers described as “the largest and most complex bankruptcy in a generation.”It ...

Business 0

Trump Endorses L.L. Bean after Founders Granddaughter Donates $60,000

Posted on 14 January 2017

AUGUSTA, MAINE—President-elect Donald Trump is urging people to buy L.L. Bean as the company faces calls for a boycott because of a family member’s donations to his candidacy.Trump on Thursday tweeted his thanks to Linda Bean, a granddaughter of the outdoors retailer’s founder, and cited her “great support and courage.” He ended by saying, “Buy L.L. Bean,” garnering criti ...