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Nike wins halt to further sales of Lil Nas X ‘Satan Shoes’

A federal judge on Thursday sided with Nike Inc in ordering a Brooklyn company to temporarily stop further sales of "Satan Shoes" it produced in collaboration with the rapper Lil Nas X.

Markets

Investors should reject J&J CEO pay package, proxy adviser Glass Lewis says

Proxy adviser Glass Lewis is recommending investors reject the nearly US$30 million pay package for Johnson & Johnson Chief Executive Alex Gorsky, arguing that the healthcare company is shielding its top executives from the legal cost of poor business decisions.

Markets

Credit Suisse shares rally while Archegos ripples spread

TOKYO/ZURICH :Credit Suisse shares rose on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in trades for stricken U.S. fund Archegos.

Markets

Twitter says looking for independent director to replace Elliott’s Cohn

Twitter Inc said on Thursday it was looking for an independent board director after hedge fund Elliott Management's managing partner, Jesse Cohn, decided to relinquish his board seat at the social media firm.

Markets

US automakers post high quarterly sales even as chip shortage bites

Automakers on Thursday (Apr 1) reported a rebound in first-quarter US sales from a coronavirus-induced slump last year, but numbers were dulled by a global chip scarcity that forced many companies to cut production.

Markets

Europe’s IPO market roars back to life, can it last?

LONDON: The European market for initial public offerings has come roaring back this year after a moribund, COVID-hit 2020, but the poor debut by Deliveroo has amplified concerns around whether the momentum can last. European companies raised US$19.55 billion through stock market listings in ...

Markets

General Motors reports 4% rise in first-quarter US auto sales

General Motors Co on Thursday reported an about 4per cent rise in first-quarter U.S. sales, as the auto industry recovers from a coronavirus-induced slump last year.

Markets

Rise in US weekly jobless claims belies improving labor market conditions

WASHINGTON :The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased vaccinations and massive fiscal stimulus.

Markets

US Supreme Court bars suit against Facebook under anti-robocall law

The US Supreme Court on Thursday barred a proposed class action lawsuit accusing Facebook Inc of violating a federal anti-robocall law, sparing the social media company from a potentially costly fight over unwanted text messages.

Markets

General Motors reports 4per cent rise in first-quarter US auto sales

General Motors Co on Thursday reported an about 4per cent rise in first-quarter U.S. sales, as the auto industry recovers from a coronavirus-induced slump last year.

Markets

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