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 »
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 »
By Sabrina Vallee (Reuters) – Brazil’s President-elect Luiz Inacio Lula da Silva is to begin talks with candidates for the leadership of oil company Petrobras this week, sources familiar with the talks said, kicking off a difficult few months for the country. state-controlled company. Lula, who takes office on January 1, has already announced plans …
Lula to start job interviews for Petrobras overhaul, sources say Read More »
tom williams | CQ-Roll Call, Inc. | Getty Images The quantitative trading firm founded by Sam Bankman-Fried was able to quietly use client funds from its FTX exchange in a way that flew under the radar of investors, employees and auditors in the process, a source says. The way they did it was to use …
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 »
