List of All Articles with Tag 'ot'

A federal judge on Tuesday denied efforts by Sam Bankman-Fried, the crypto entrepreneur accused of orchestrating a multibillion-dollar fraud, to have some of his criminal charges thrown out.

For two companies struggling to stem losses and sort out operational issues, Aston Martin Lagonda Holdings Plc and

(Reuters) -Ford Motor Co said on Tuesday it will begin layoffs this week, impacting mostly engineering jobs in the U.S.

Manchester United have projected record annual revenue of up to £640million in the current financial year as the takeover saga surrounding the club rumbles on. United’s owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim and Sir Jim Ratcliffe, the founder of chemicals firm Ineos. The Glazers first indicated they could sell by initiating a strategic review last November but the bidding process has dragged on. Reports have suggested Sheikh Jassim’s bid – which is for 100 per cent of the club – is now the most likely to be accepted. Sources close to the Qatari bid have indicated their eagerness to close the deal, with the summer transfer window now open. Supporters staged fresh protests against the Glazers at Old Trafford on Tuesday as the club launched the kit for next season. Revenue guidance for the current financial year was raised to a record £630m to £640m in the third quarter financial results for the period ending March 31, 2023, which were released on Tuesday. This is driven by record match attendance and matchday revenues. Ticket sales for the 2022-23 season surpassed the previous record set in 2016-17, with 2.4m sold. Global memberships also hit 360,000, which United said was the largest paid membership programme in world sport. Revenue for the third quarter was up 11 per cent on the same period last year. Broadcasting revenue was slightly down on the corresponding period due to the club being in the Europa League rather than the Champions League, but was partially offset by the club’s performance in domestic cup competitions. Cash and cash equivalents are at £73.7m, down from £95.8m in the same period last year, reflecting the investment that has been made in the team. However, the figure is £31m higher than in the second quarter, boosted by money coming in from sponsorship and ticket sales. Summer recruitment will not be affected by the results, according to sources close to the club, with enough cash available to enable United boss Erik ten Hag to invest in the team. The limiting factor is understood to be the requirement to stay within financial sustainability rules.

(Reuters) -Walgreens Boots Alliance on Tuesday cut its profit forecast for the year on lower demand for COVID-19 tests and

Lordstown Motors Corp. more than halved after the electric-vehicle maker, once hailed by former US President Donald Trump

Thailand plans to ease foreign exchange rules for domestic companies and individuals to help them shore up their

Lordstown Motors, the EV maker, filed for bankruptcy protection Tuesday and announced a lawsuit against Foxconn, accusing its former partner of setting out to "destroy" its business.

Gary Neville will join the cast of the BBC programme Dragons’ Den when the series returns to screens next year. The former Manchester United and England defender will appear as a guest on the panel alongside fashion and retail entrepreneur Emma Grede. In addition to his regular role as a Sky Sports pundit, Neville has built a portfolio of business interests including a hotel and other property developments since his retirement from football. Neville said: “I am excited to join the Dragons, and to meet the entrepreneurs brave enough to face us in the Den. “I hope my personal journey shows that you can take the experiences you’ve had in one part of your career and use them to do something entirely different and make it a success.” Neville and Grede will sit alongside the regular panel of Peter Jones, Deborah Meaden, Touker Suleyman, Sara Davies and Steven Bartlett, running the rule over entrepreneurs seeking investment in their business ideas.

Japan decided to restore South Korea to its list of preferred trading partners, adding to signs of improving

Ford Motor Co. plans to fire hundreds of salaried workers, primarily engineers, in the US this week to

New Zealand may emerge from recession in the current quarter but it will quickly stumble into another one.