The owner of United Furniture Industries – who last week fired 2,700 workers by text and email while they slept – disappeared after arguing with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy businessman from Ohio, has remained a mum since the layoffs of …
United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources Read More »
The owner of United Furniture Industries – who last week fired 2,700 workers by text and email while they slept – disappeared after arguing with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy businessman from Ohio, has remained a mum since the layoffs of …
United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources Read More »
By Aditi Shah, Aftab Ahmed and Gleb Stolyarov NEW DELHI (Reuters) – Moscow has sent India a list of more than 500 products for potential delivery, including parts for cars, planes and trains, four sources familiar with the matter said, as sanctions reduce the Russia’s ability to keep vital industries running. The list, a version …
Exclusive: India asked sanctions-hit Russia for parts for key sectors – sources Read More »
Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of the Model 3, according to four people familiar with the effort, as the major electric vehicle maker aims to cut production costs and boost the appeal of the five-year model. – old electric sedan. One of the goals of the redesign codenamed “Highland” …
Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources Read More »
HONG KONG, Nov 22 (Reuters) – Chinese authorities are set to fine Jack Ma’s Ant group more than $1 billion, six sources with direct knowledge of the matter said, paving the way at the end of the fintech’s two-year commitment. regulatory overhaul. The People’s Bank of China (PBOC), which spearheaded Ant’s overhaul after the Chinese …
By Angus Berwick New York (Reuters) – At least $1 billion in client funds have disappeared from collapsed crypto exchange FTX, according to two people familiar with the matter. Exchange founder Sam Bankman-Fried secretly transferred $10 billion in client funds from FTX to Bankman-Fried’s trading firm Alameda Research, the people told Reuters. Much of that …
SHANGHAI, Nov 11 (Reuters) – Tesla (TSLA.O) is considering exporting Chinese-made electric cars to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the growing cost advantage automaker at its Shanghai plant and slowing demand from Chinese consumers. Tesla has been investigating whether parts made by its …
Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources Read More »
