Hindujas: From India to Iran and the UK — A look at the billionaire family and their companies

Ajay Hinduja, the scion of the family’s Swiss-based branch, refuted allegations that he forced an Indian nanny to work 18-hour days without leave, calling the claim “idiotic” and describing her “like a second mum” to his kids, Bloomberg reported. The case also names his wife, Namrata, and parents, Prakash and Kamal. Here’s a closer look … Read more

Trump Media shares plunge 17% as more DJT shares to dilute

Omar Marques | Lightrocket | Getty Images The stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange Commission. Trump Media, which trades under the DJT ticker, had seen its … Read more

How the once-promising EV maker went bottom-up

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for … Read more

Investors are most bullish since Nov. 2021, survey says

Optimism is high on Wall Street at the midpoint of the year. Investors are the most bullish they have been since November 2021, according to the global fund manager survey, or FMS, released Tuesday from Bank of America Securities. Not only are portfolio managers not anticipating a recession, but they are also betting big on … Read more

Boeing CEO Calhoun heads to Senate hours after new whistleblower claims

Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues including the grounding of the 737 MAX 9 planes. Tom Williams | Cq-roll Call, Inc. | Getty Images Boeing CEO Dave Calhoun plans to tell … Read more

FDA approves Merck pneumococcal disease vaccine designed for adults

Zoom In IconArrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said. Merck’s shot, called Capvaxive, specifically protects against 21 strains … Read more

Apple stops offering buy now, pay later loans in U.S.

Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024.  Carlos Barria | Reuters Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year. The move comes after Apple said it would … Read more

New Jersey Democratic kingmaker George Norcross indicted on racketeering charges

New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks to Judge Patricia McInerney’s courtroom at City Hall in Philadelphia.  Matt Rourke | AP George Norcross, who for decades had been a Democratic political kingmaker in New Jersey, was charged with racketeering in an indictment unsealed Monday. Norcross’s brother, Phillip Norcross, and four … Read more

Zomato confirms discussions to acquire Paytm’s movies, ticketing business, ETCFO

Gurgaon-based Zomato confirmed it is in discussions to acquire Paytm’s movies and ticketing business. The company said in a stock exchange filing, “We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure in … Read more

BBY, TOL, ADSK and more

Check out the companies making headlines before the bell. Toll Brothers — The homebuilder gained 1.3% after Goldman Sachs upgraded it to neutral from sell. Goldman cited near-term upsides from customization and upgrades, as well as continued outperformance of new home sales. Best Buy — Shares rose more than 3% following a UBS upgrade to … Read more