Category: Business News

Police: Crypto firm founder Do Kwon arrested in Montenegro – Business News

Crypto founders arrested

The Associated Press – | Stories: 417550

Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European country’s interior minister said Thursday.

“Montenegrin police arrested an individual who is believed to be one of the most wanted fugitives, South Korean citizen Do Kwon,” Interior Minister Filip Adzic said on Twitter.

Montenegrin authorities were awaiting official confirmation of the identity of a man

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Why First Citizens got a $16.5 billion discount for taking over Silicon Valley Bank [Video]

Stocks of regional banks surged Monday after regulators announced a sale of Silicon Valley Bank’s deposits and loans, an agreement that demonstrates how much government assistance will be required to stoke new deals making during this banking crisis.

The buyer, First Citizens Bancshares (FCNCA), was up 47% at 11:15 am ET. The stock of another troubled regional lender, First Republic (FRC), was 15% higher as that San Francisco lender considers a number of options to stabilize its situation. PacWest Bancorp (PACW) and Western Alliance Bancorp (WAL), two other California lenders that came under investor pressure following Silicon Valley Bank’s failure,

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Trump arrested? Putin jailed? Fake AI images spread online – Business News

Arijeta Lajka And Philip Marcelo, The Associated Press – | Stories: 417588

Former President Donald Trump getting gang-tackled by riot-gear-clad New York City police officers. Russian

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Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News

Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.

If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.

Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a

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Pizza parlor closes, breakfast place opens, more in Lubbock business news

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Hello AJ readers!

This week, when one door closes, two more open – at least in Lubbock’s business community.

On March 19, the owners of 1000 Degrees Pizza on Indiana Avenue announced that the restaurant would close permanently. The business stated they would be open while supplies last, then close by the end of March. Once closed, there will be no 1000 Degrees Pizza in Lubbock.

Two businesses opened or will open their doors soon. Scooters Coffee, 8101 Indiana Ave., held

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Do I Need an Emergency List?

We frequently have questions related to the practical and financial panic after a death in the family when accounts, passwords, and assets are unknown. Sometimes, a family knows an estate plan was done but they cannot find the plan and don’t even know the law firm that drafted the plan. An emergency list can help to avoid these issues.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog ).

We often see people lose their spouse, and have no idea

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US New Home Sales Increase From Downwardly Revised Level In February

New home sales in the US increased from a significantly downwardly revised level in the month of February, according to a report released by the Commerce Department on Thursday.

The report said new home sales climbed by 1.1 percent to an annual rate of 640,000 in February after jumping by 1.8 percent to a downwardly revised rate of 633,000 in January.

Economists had expected new home sales to pull back to an annual rate of 645,000 from the 670,000 originally reported for the previous month.

The increase was partly due to strength in the West, where new home sales spiked

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Facebook parent company Meta slashes 10,000 jobs

Facebook parent Meta is slashing another 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard.

The company announced 11,000 job cuts in November, about 13 per cent of its workforce at the time. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions.

The company, based in Menlo Park, Calif., said Tuesday it would reduce the size of its recruiting team and make further cuts in its tech groups in late

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