Oregon-based company brings in retired executive Elliott Hill to turn around its performance
Famed investor subsequently apologises and deletes account on X
Venture groups believe ChatGPT-maker will eventually be the world’s dominant AI company and worth trillions of dollars
The pillar of the direct-sales industry sought bankruptcy protection this week
Co-operation would be part of wider western ‘de-risking’ because of security fears over Chinese products
Going private might take a company out of the limelight but the challenges will remain the same
Clearlake Capital bought, sold and continued to own Wheel Pros even as it collapsed under $1.7bn in debt
Lenders are pushing back on ‘high-water ebitda’ provisions and most have been excised from terms
Chief executive Andy Jassy brushes off disgruntled staff with tough five-day office mandate
Chipmaker is trying to pull off one of the most complex revivals in tech history
The social media platform is threatened with a ban but remains wildly popular among users, including Kamala Harris and Donald Trump
Match and rival Bumble have struggled with post-pandemic slowdown in growth
Ugly boardroom brawl at Masimo has pitted founder Joe Kiani against activist investor Quentin Koffey
Plus, one of the billionaire Issa brothers steps back from Asda and the antitrust case rattling American fashion houses
Paul Taubman advisory firm to buy former Morgan Stanley banker May Nasrallah’s deNovo Partners
Appointment comes as industry’s working conditions come under fresh scrutiny
Buyout firms EQT and Permira also in running for mid-tier accountancy firm
Sale process comes after tensions between investors and creditors over plan to split from Bausch Health
An important task for regulators is to understand how different forms of financial intermediation fit together to benefit customers
EU’s General Court annuls financial penalty against search giant in legal victory for Big Tech in the bloc
Airline loyalty programmes have tested customer patience and now face government probes
Federal Trade Commission has sued to block the owner of Coach buying rival brand Michael Kors
Brussels claims Facebook is breaking the law and undermining rivals with its free Marketplace services
Plus, the Nevada court battle over the future of Rupert Murdoch’s empire and how a corporate lawyer won gold at the Paralympics
Japanese group wins extension to probe of deal that is opposed by Biden, Harris and Trump