Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on Thursday to search for documents and records related to a multibillion-dollar scandal at state fund 1MDB, two police sources said. Investigators seized documents and records related to the firm’s dealings with 1Malaysia Development Berhad (1MDB), one of the sources said. Deloitte confirmed that… Read More Malaysian police raid Deloitte office over 1MDB scandal
McDonald’s Corp has been accused in 25 new legal actions of condoning sexual harassment in the workplace and retaliating against employees who speak up. The new charges and lawsuits against one of the world’s most recognizable brands were announced on Tuesday by the American Civil Liberties Union, the labor group Fight for $15, and the… Read More Workers groups file twenty-five sexual harassment lawsuits against McDonald’s
A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a U.S. lawsuit against the planemaker, seeking at least $276 million in damages. The crash of Ethiopian Airlines flight 302 in March killed all 157 passengers and crew aboard and followed the death in October of… Read More French widow files lawsuit against Boeing over Ethiopian Airlines plane crash
Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter said on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. Holders… Read More Google suspends business with Huawei following U.S. blacklist
Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5.5 billion after rebuffing a lower offer, two sources familiar with the matter said. The counter offer was made by the film studio behind the Hunger Games movies after CBS made an informal $5 billion bid for the cable network, the sources… Read More Lions Gate offers Starz channel to CBS for $5.5billion
Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said on Friday. Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to go ahead with building the 671-room Encore Boston Harbor in Everett, Massachusetts. It is expected… Read More MGM set to acquire Wynn Resorts’ Encore casino in Massachusetts
The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its ‘Entity List’,… Read More U.S. blacklists Chinese telecoms company Huawei
President Donald Trump on Wednesday signed a full pardon for former media mogul Conrad Black, who was convicted in 2007 of fraud and obstruction of justice and spent 3-and-half years in prison. Black, 74, a Canadian-born British citizen, once ran an international newspaper empire that included the Chicago Sun-Times, Britain’s Daily Telegraph and the Jerusalem… Read More U.S. President Donald Trump pardons former media mogul Conrad Black
