Family offices, the in-house investment and service firms of high-net-worth families, have increasingly been making direct investments in private companies.
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Women’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup
Startup basketball league Unrivaled announced on Monday the close of its Series A funding round, raising an additional $28 million before its inaugural season.
Continue readingFrom growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
The driverless ride-hailing service was supposed to be the shining star of GM’s growth plans, leading to $50 billion in revenue by the end of […]
Continue readingStarbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session
In late February, Starbucks and the union announced they would work on a “foundational framework” on how to reach a collective bargaining agreement.
Continue readingGrubhub to pay $25 million in FTC settlement over harmful practices against diners, workers
The complaint claims that Grubhub deceived diners about delivery costs and blocked access to their accounts.
Continue readingJapan’s Honda and Nissan to reportedly begin merger talks
Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
Continue readingWalmart employees are now wearing body cameras in some stores
Walmart store associates are now using body cameras in some locations as retailers look to deter theft and make employees safer.
Continue readingWhy it’s gotten more difficult to get a free first-class upgrade
Airlines are racing to add comforts such as lie-flat seats, entertainment systems with bigger screens and even suites with closing doors.
Continue readingFAA head Michael Whitaker to step down before Trump takes office
Mike Whitaker, head of the FAA, the key agency that oversees Boeing and the U.S. airline industry, said he will step down Jan. 20, as […]
Continue readingCFPB announces rule limiting bank overdraft fees; trade group sues in response
The CFPB says the rule will save American consumers $5 billion annually.
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