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July 1, 2022

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Australian BNPL firm Openpay hits pause on U.S. market as interest rates climb

Reuters
by Reuters00
Openpay to ‘materially’ reduce U.S. workforce BNPL business model in danger as interest rates climb July 1 (Reuters) – Openpay Group (OPY.AX), an Australian buy-now-pay-later (BNPL) firm, has halted operations in the United States four months after describing it as its main growth market, the latest casualty among consumer finance......
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U.S. crypto firm Harmony hit by $100 million heist

Reuters
by Reuters00
LONDON, June 24 (Reuters) – U.S. crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers. Harmony develops blockchains for so-called decentralised finance......
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Russian e-commerce firm Ozon starts selling goods via parallel imports mechanism

Reuters
by Reuters00
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 23 (Reuters) – Russian e-commerce firm Ozon (OZON.O) said on Thursday it had started selling goods through a parallel imports mechanism on its platform, benefiting from legislation Russia has brought in......
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Sources: Smith as No. 1 pick in ‘firm’ draft order

ESPN
by ESPN01
As NBA teams finalize their boards ahead of Thursday night’s NBA draft, sources have told ESPN’s Adrian Wojnarowski that the order of the top three picks is “increasingly firm,” with Auburn’s Jabari Smith Jr. going to the Orlando Magic at No. 1, Gonzaga’s Chet Holmgren to the Oklahoma City Thunder......
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Mining firm Glencore pleads guilty to UK bribery charges

BBC
by BBC00
https://www.bbc.co.uk/news/business-61857005?at_medium=RSS&at_campaign=KARANGA The bribery charges stated that the firm’s aim was for officials to “perform their functions improperly, or reward them for so doing, by unduly favouring Glencore Energy UK Limited in the allocation of crude oil cargoes, the dates crude oil would be lifted and the grades of crude oil......
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Crypto lending firm Celsius asks users for more time to fix issues after halting withdrawals

CNBC
by CNBC08
CNBC – For more and to sign up click here Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm......
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A second Australian state launches probe into casino firm Star

Reuters
by Reuters00
Guest rooms at a hotel above Sydney’s Star Casino complex are seen illuminated at night, February 15, 2016. REUTERS/Jason Reed Register now for FREE unlimited access to Reuters.com Register SYDNEY, June 14 (Reuters) – Australia’s Queensland state said it will investigate whether to let the country’s No. 2 casino operator......
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Crypto firm Celsius pauses all transfers, withdrawals as markets tumble

Reuters
by Reuters01
A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 13 (Reuters) – Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company said on Monday, in the......
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JANA wins two board seats at software firm New Relic. This is what may be ahead

CNBC
by CNBC044
CNBC – For more and to sign up click here Delmaine Donson | E+ | Getty Images Company: New Relic (NEWR) Business: New Relic is a software-as-a-service company, delivering a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It......
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EXCLUSIVE CVC explores $2 billion sale of software firm VelocityEHS -sources

Reuters
by Reuters00
June 10 (Reuters) – Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said. CVC is working with U.S. investment......
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UK transport firm FirstGroup rejects latest private-equity approach

Reuters
by Reuters01
June 9 (Reuters) – British transport firm FirstGroup (FGP.L) said on Thursday it had turned down the latest takeover approach of 118 pence per share in cash and a contingent right of up to 45.6 pence apiece from private-equity firm I Squared Capital. The company said the cash component of......
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Former NFL Star Michael Vick Lands New Job With Athlete Management Firm

Sports Illustrated
by Sports Illustrated01
Michael Vick is returning to the game of football to work for athlete management firm Levels Sports Group as its head of athletic development, the company announced on Tuesday. Vick will have a role in growing the company’s name, image and likeness (NIL) business. The former NFL quarterback will work......
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Tesla monitored its employees on Facebook with help of PR firm during 2017 union push

CNBC
by CNBC040
CNBC – For more and to sign up click here An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images In 2017 and 2018, as some workers sought to form a union at the Tesla factory in Fremont,......
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