U.S. investor sues AT&T for $224 million over loss of cryptocurrency
U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T , accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.
Resurgent dollar sends commodities and emerging markets reeling again
The dollar resumed its rise on Wednesday, surging to new 13-month highs and upping pressure on commodities, emerging markets and global stocks, though the Turkish lira managed out to eke out a second day of gains.
Macy’s posts surprise same-store sales growth
Macy’s Inc on Wednesday reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter, boosted by strong performance across its businesses.
From blue lipstick to Facebook Live, home shopping networks refine their pitch
HSN, once known as the Home Shopping Network, is getting an image makeover.
Futures dip as Turkey, trade tensions weigh
U.S. stock index futures dropped on Wednesday, with investors weighing the impact of Turkey’s currency crisis as well as the escalating tariff tensions between the United States and its trading partners.
Blackstone invests $400 million in HEC Pharm via convertible bonds
U.S. private equity firm Blackstone Group LP has signed a deal to invest $400 million in Hong Kong-listed YiChang HEC ChangJiang Pharmaceutical Co. via convertible bonds, HEC said Wednesday.
Corona maker invests $4 billion more in pot producer Canopy
Constellation Brands Inc said on Wednesday it would invest $4 billion (C$5.24 billion) more in Canopy Growth Corp , raising its stake in the Canadian marijuana producer to 38 percent.
Turkey’s doubling tariffs on U.S. products will amount to $533 million, trade minister says
Turkish trade minister Ruhsar Pekcan says the doubling of customs tarrifs on some imported U.S. products would amount to $533 million, the state run Anadolu news agency reported.
PwC failed to flag BHS risks ahead of retailer’s collapse: regulator
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the now collapsed British retailer was sold for a token one pound in 2015, a regulator said on Wednesday.
Flight rights group takes Ryanair to court over strike compensation
German passenger rights company Flightright is taking Ryanair to court over whether it should pay financial compensation to passengers affected by strikes at Europe’s largest low-cost carrier.
