updated - July 7, 2020 Tuesday EDT
Abercrombie & Fitch Co. has announced in a press release that Fran Horowitz, the president of its Hollister brands, has been promoted to president and chief merchandising officer, a newly created position.
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Mikhail Prokhorov, the majority owner of the Brooklyn Nets, has acquired full ownership of the team and Barclays Center from Nets Sports and Entertainment through his Onexim Sports and Entertainment Holding USA, Inc., the team said in its website.
The Walt Disney Company is in talks to sell its stake in Fusion, the millennial-focused US cable channel and digital network, to Univision, people familiar with the matter told the Financial Times.
The Qatar National Bank Group (QNB), the largest financial institution in Qatar and the Middle East and North Africa Region, has announced in a press release that it is acquiring the 99.81 percent stake of National Bank of Greece (NBG) in Finansbank A.S. in Turkey, for €2.7 billion, or $2.9 billion.
LKQ Corporation, a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, has announced in a press release that it will be acquiring Rhiag-Inter Auto Parts Italia S.p.A for an enterprise value of €1.04 billion.
The U.S. Department Transportation’s Federal Aviation Administration (FAA) has announced in a press release that Boeing Commercial Airplanes has agreed to pay $12 million to settle its multiple pending and potential enforcement cases.
JPMorgan Chase & Co. has agreed to pay $150 million to settle investors’ claims, according to a report from Bloomberg. The company will be paying for claims that it hid from investors as much as $6.2 billion in losses caused by a trader dubbed the “London Whale.”
Alibaba Group Holding Limited has announced in a press release that it is appointing Matthew Bassiur as vice president and head of Global Intellectual Property Enforcement, effective January 2016.
Icahn Enterprises has raised its bid for Pep Boys: Manny, Moe & Jack, a full-service and tire automotive aftermarket chain, to $16.50 a share, or about $919 million, according to a report from The Wall Street Journal.
U.S. Steel Corporation has announced in a press release that it will be postponing the construction of the Electric Arc Furnace at its Fairfield Works in Birmingham, Alabama.
The U.S. Department of Justice (DOJ) has announced in a press release that Southwest Airlines Co. has agreed to pay a $2.8 million civil penalty to settle a lawsuit against the airline.
NetApp, Inc. has announced in a press release that they will be acquiring SolidFire Inc., a market leader in all-flash storage systems built for the next-generation data center, for $870 million in cash.
Crown Resorts Limited has announced in a press release that James Packer has resigned as a director of the company, effective immediately. Packer’s resignation has intensified speculations that he is closer to bidding for the company.
The Bank of Nova Scotia (Scotiabank) has announced in a press release that it may consider strategic options for its 49 percent stake in Thanachart Bank Public Company Limited.
BioMarin Pharmaceuticals Inc. has announced in a press release that the U.S. Food and Drug Administration (FDA) will be delaying its decision on the company’s new drug application.
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