PXP

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

NEW YORK, Jan 28 (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.” The lawyers were responding to a Friday …

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UK regional airline Flybe ceases trading, cancels all flights

Collapses for second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights canceled and 276 …

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Film academy reviewing Oscar campaigns after surprise nomination

LOS ANGELES, Jan 27 (Reuters) – Hollywood’s film academy said on Friday it was reviewing this year’s campaigns for Oscar nominations, a day after a media report raised questions about the surprise nod for British actress Andrea Riseborough. On Tuesday, Riseborough was nominated for best actress for playing an alcoholic single mother in little-seen film …

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India’s Gautam Adani: Asia’s richest man in the eye of a storm

NEW DELHI, Jan 27 (Reuters) – India’s Gautam Adani, the school drop-out turned billionaire who rose to become Asia’s richest man, faces possibly the biggest challenge of his career after a US short seller cast doubts on his business practices, hammering shares in his companies and his reputation. Adani, whose home state is Gujarat in …

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Exclusive: JPMorgan looking to finance Italy’s Serie A for up to 1 billion euros

Clubs informed of offer at soccer league’s meeting Thursday Serie A studying ways to boost revenues via media rights Funds including Apollo have also expressed interest Clubs to assess in coming weeks JPM’s, funds’ proposals MILAN, Jan 27 (Reuters) – JPMorgan Chase & Co (JPM.N) has written to Italy’s top soccer league to express a …

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Intel’s ‘historic collapse’ triggers selloff in chip stocks

Jan 27 (Reuters) – Five of the biggest US chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp (INTC.O) stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue …

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Musk outlines Tesla’s recession playbook: claw back costs

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes will be a “serious” recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices . In a conference call to discuss Tesla’s fourth-quarter results, Musk and other executives outlined …

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Strong US economic growth expected in fourth quarter, outlook darkening

Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed …

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