business
- Finance
EY to pay $100m settlement fine over audit employees cheating CPA exams
WASHINGTON — Ernst & Young agreed to pay a record $100m fine and to admit that some of its auditors…
Read More » - Finance
EY breakup faces tough questions on partner pay and bear market
EY’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but a bear market…
Read More » - Finance
EY partners set for windfall amid breakup plans
EY’s plan to split its audit and consulting businesses would give thousands of its partners multi-million-dollar payouts and relies on…
Read More » - Finance
Dickson Minto founders step back as secretive private equity law firm eyes succession
The co-founders of the highly profitable private equity legal boutique Dickson Minto have stepped back from their executive roles, as…
Read More » - Market
New ETF for World Oceans Day invests in curbing plastic and smarter fishing
There’s a new way to help restore ocean health one share at a time. Incremental impact investing may seem like…
Read More » - Finance
Linklaters, Clifford Chance boost London partner ranks in busy legal hiring market
Linklaters has hired a partner from Ashurst while Clifford Chance has hired a partner and seen another partner exit to…
Read More » - Health
BlackRock will not be the ‘environmental police’ in ethical investing U-turn
BlackRock’s chief executive has warned it will not act as “the environmental police” in the latest sign the asset manager…
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Magic Circle’s record partner numbers show push to keep stars: ‘Good people could get poached away’
London’s Magic Circle law firms have promoted record numbers of partners in 2022, amid surging demand for legal services and…
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Clifford Chance boosts junior lawyers’ pay to £125,000
Magic Circle law firm Clifford Chance has raised pay for newly-qualified lawyers to £125,000 per year. The firm is the second…
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Cheap Buys: These 3 Stocks are Now Trading Under $20
From homes and cars to groceries and gas, everything is more expensive these days. Well, not everything. MarketBeat.com – MarketBeat…
Read More » - ECONOMY
Russia’s Brain Drain Becomes a Stampede for the Exits
(Bloomberg Businessweek) — In Kyrgyzstan a member of parliament urgently called on the government to start creating jobs and setting…
Read More » - ECONOMY
China Locks Down Shenzhen, Jilin as Cases Spread: Virus Update
(Bloomberg) — China locked down Shenzhen city and Jilin province, threatening technology and auto manufacturing output in the nation’s latest…
Read More » - ECONOMY
Peloton Got Trapped in Its Trillion-Dollar Fantasy
(Bloomberg Businessweek) — Up until a few years ago, it was safe to assume that someone using the word “peloton”…
Read More » - ECONOMY
Facebook’s Metaverse Vision Questioned by Gaming Veteran
(Bloomberg) — Mark Zuckerberg’s Meta Platforms Inc. is among the most vocal proponents of the future of the metaverse, but…
Read More » - ECONOMY
The Bond King’s Genius Was No Match for His Ego
(Bloomberg Businessweek) — I. Team Bonding When Bill Gross started his career in investing in the fixed-income department of a…
Read More » - ECONOMY
Elite International Schools Have a Racism Problem
(Bloomberg Businessweek) — The “placement gong” rings out in the offices of Teaching Nomad, a recruiter for international schools, every…
Read More » - ECONOMY
A Billionaire’s Heir Hangs Up His Healing Crystal to Fix Capitalism
(Bloomberg Businessweek) — William Peterffy, the only son of billionaire Thomas Peterffy, has cycled through a lifetime’s worth of occupations…
Read More » - Health
Massive cargo ship carrying cars sinks in mid-Atlantic
LISBON, Portugal (AP) — A large cargo vessel carrying cars from Germany to the United States sank Tuesday in the…
Read More » - ECONOMY
Wall Street Is Buying Starter Homes to Quietly Become America’s Landlord
(Bloomberg Businessweek) — Javier Vidana started out as a real estate agent in 2013, when Arizona’s Salt River Valley seemed…
Read More » - Finance
DLA Piper mulls full financial merger
DLA Piper has examined a full financial merger between the law firm’s US and non-US arms, according to three people with…
Read More » - ECONOMY
Syngenta, Chevron Could Face Billions in Claims Over Weed Killer
(Bloomberg) — Yet another popular weed killer used by American farmers for decades is becoming a costly liability for the…
Read More » - ECONOMY
China’s Ghost Cities Are Finally Stirring to Life After Years of Empty Streets
(Bloomberg Businessweek) — Conjured out of nothing and lived in by seemingly no one, China’s so-called ghost cities became the…
Read More » - ECONOMY
Delayed Wuhan Report Adds Crucial Detail to Covid Origin Puzzle
(Bloomberg Businessweek) — The origin story of Covid-19 remains a mystery mired in contentious geopolitical debate. But a research paper…
Read More » - ECONOMY
Bordeaux 2020: The 19 Wines to Buy From the Strangest Vintage Ever
(Bloomberg) — Château Margaux, $620 a bottle; Château Lafite Rothschild, $695; Haut-Bailly, $139; Ducru-Beaucaillou, $239 . . . The final…
Read More » - ECONOMY
UBS O’Connor CIO Tries to Stay ‘Million Miles’ From Meme Stocks
(Bloomberg) — Kevin Russell, chief investment officer of UBS Group’s $9 billion hedge-fund unit UBS O’Connor, joined this week’s “What…
Read More » - ECONOMY
Sexy Tea, the Lion King and Taiwan’s Lost Innocence
(Bloomberg Opinion) — After 15 months leading the world as a case study in epidemic management, Taiwan’s bubble has burst. In…
Read More » - ECONOMY
The World Economy Is Suddenly Running Low on Everything
(Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today,…
Read More » - ECONOMY
NFTs Are ‘Loot’ in This New $21 Million Crypto Gaming Venture
(Bloomberg) — A group of gaming veterans has raised an initial round of funding to help launch Big Time Studios,…
Read More » - ECONOMY
Byju’s to Become India’s Most-Valuable Startup After UBS Funding
(Bloomberg) — Byju’s, India’s online education pioneer, is raising about $150 million from UBS Group AG at a valuation of…
Read More » - Entrepreneurs
The World Is Growing Too Fast For The Global Supply Chains
April 20, 2021 6 min read This story originally appeared on ValueWalk In his Daily Market Notes report to investors,…
Read More » - ECONOMY
Merck’s Little Brown Pill Could Transform the Fight Against Covid
(Bloomberg Businessweek) — The story of what might become the next major breakthrough in Covid-19 treatment starts on a hotel…
Read More » - ECONOMY
The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers
(Bloomberg) — Famously reticent to disclose how many cars they sell or at what amount of profit, luxury automakers are finding it…
Read More » - ECONOMY
Cathie Wood’s ARK ETF Is No Ticking Time Bomb
(Bloomberg Opinion) — A great deal of attention these days is being focused on Cathie Wood’s ARK funds, particularly the…
Read More » - Market
Biden to sign voting-rights executive order in nod to ‘Bloody Sunday’ in Alabama 5½ decades ago
WASHINGTON (AP) — A new executive order from President Joe Biden directs federal agencies to take a series of steps…
Read More » - ECONOMY
Travel Industry Sees Glimmers of Recovery in Africa, Antarctica
(Bloomberg) — Early in the global pandemic, travel experts rushed to determine the shape of the recovery. Would it be L-shaped?…
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