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Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Filing follows weeks after FTX collapse FTX listed as BlockFi’s No. 2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the …

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Elon Musk says Twitter’s verified service with colors to start next week

Nov 25 (Reuters) – Twitter Inc is planning to roll out its verified service next Friday with different colored checks for individuals, companies and governments, after a botched initial launch led to a surge in users impersonating celebrities and brands on the platform. Chief Executive Elon Musk on Friday allotted colors for the categories – …

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Adidas launches probe into misconduct allegations against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) on Thursday said it has launched an investigation into allegations of inappropriate behavior by Kanye West, after the German sporting goods maker last month ended its partnership with the rapper and fashion designer. Adidas said it initiated the probe after receiving an anonymous letter making several allegations against …

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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of …

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FTC likely to file lawsuit to block Microsoft for bid Activision-Politico

Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s …

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Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it works with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China …

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EXCLUSIVE Bankman-Fried’s FTX, parents bought Bahamas property worth $121 mln

FTX unit bought 7 condos in high-end resort for “key personnel” Bankman-Fried’s parents named owners of a $16.4 mln vacation home Bankman and Fried tell Reuters: Looking to return deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least …

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Crypto lender Genesis says no immediate plans to file for bankruptcy

Nov 21 (Reuters) – Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. “We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any …

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Taylor Swift dominates again at American Music Awards

LOS ANGELES, Nov 20 (Reuters) – Superstar singer and songwriter Taylor Swift won all six trophies she was contending for on Sunday at the American Music Awards, including the night’s top prize: artist of the year. The new AMA accolades lifted Swift’s lifetime total to 40, breaking her own record for most wins at the …

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