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Hooters Files for Bankruptcy, Plans to Sell Company-Owned Restaurants
Hooters, the iconic restaurant chain known for its orange-clad wait staff and chicken wings, has filed for bankruptcy.

By The Financial District
Apr 2, 20251 min read


Trump Says TikTok Sale Deal Will Be Finalized Before April 5 Deadline
President Donald Trump said a deal for TikTok’s Chinese parent company, ByteDance, to sell the short-video app—used by 170 million...

By The Financial District
Apr 2, 20251 min read


Ubisoft To Spin Off Unit to Handle Its Hit Gaming Franchises
French video game publisher Ubisoft CEO Yves Guillemot said that his company will carve out a unit that includes the hit franchises...

By The Financial District
Apr 2, 20251 min read


Chinese Company Under Investigation After Bangkok Skyscraper Collapse
A Chinese-backed contractor is under investigation following the collapse of a 33-story skyscraper in Bangkok during Friday’s earthquake.

By The Financial District
Apr 1, 20251 min read


J&J Shares Fall After Judge Rejects Settlement
Johnson & Johnson shares fell more than 3% after a U.S. bankruptcy judge rejected its $10 billion proposal to settle tens of thousands of...

By The Financial District
Apr 1, 20251 min read


Anthropic Makes Breakthrough in Bid to Stop AI From Lying
Researchers at AI company Anthropic say they have made a fundamental breakthrough in understanding exactly how large language models...

By The Financial District
Apr 1, 20252 min read


China Blocks Sale of Panama Canal Ports to U.S. Consortium
Chinese antitrust regulators have delayed the closing of a U.S. consortium’s purchase of two ports in the Panama Canal zone, an...

By The Financial District
Apr 1, 20251 min read


CoreWeave IPO Tests Investor Appetite for AI Deals, Raises Less Than Expected
CoreWeave, an AI-focused cloud company that generates all of its revenue from cloud rentals of AI servers powered by Nvidia chips, raised...

By The Financial District
Apr 1, 20252 min read


Trump Revokes Permits for U.S. And Foreign Oil Firms in Venezuela
The Trump administration has revoked permits and waivers that allowed Western energy firms to operate in Venezuela.

By The Financial District
Apr 1, 20251 min read


Starbucks, Global FoodBanking Network Join Forces to Fight Hunger and Cut Food Waste in the Philippines and Beyond
Starbucks Coffee Company has announced a transformative partnership with The Global FoodBanking Network (GFN) to address two of the...

By The Financial District
Apr 1, 20253 min read


South Korean Arms Maker Hanwha Aerospace Seeks to Profit from Defense Boom
South Korea’s Hanwha Aerospace Co. has emerged as the world’s best-performing defense stock.

By The Financial District
Mar 31, 20251 min read


Company Seeks Trump’s Approval to Mine Metals on Pacific Seabed
A seabed mining company has asked the Trump administration for approval to extract critical metals from the ocean floor in international...

By The Financial District
Mar 31, 20251 min read


Toyota’s Global Output Rises for Second Month in February
Toyota Motor has announced that its global production increased for the second consecutive month in February, driven by higher output and...

By The Financial District
Mar 31, 20251 min read


Korean Firm Tapped to Design BCDA Water Management System
The Bases Conversion and Development Authority (BCDA) has announced its collaboration with Korea Water Resources Corp. (K-Water) to design..

By The Financial District
Mar 31, 20252 min read


MPower, Araneta Group Renew Power Supply Deal for Araneta City Properties
MPower and the Araneta Group have renewed their power supply agreement to ensure reliable energy delivery across the bustling Araneta City..

By The Financial District
Mar 28, 20252 min read


Gravity Catching Up on Musk as Tesla Stock Tumbles
Elon Musk’s DC power grab hasn’t been the Tesla-stock booster investors were expecting.

By The Financial District
Mar 27, 20252 min read


London’s Heathrow Airport Shutdown Disrupts Travel Globally
London’s Heathrow Airport was completely shut down last week, due to a power outage caused by a large fire nearby, resulting in massive...

By The Financial District
Mar 27, 20251 min read


$6.1 Billion Sale of Boston Celtics to Private Equity Firm Advances
The biggest sports sale in US history is moving forward, as a group led by investor Bill Chisholm and private equity firm Sixth Street has..

By The Financial District
Mar 27, 20251 min read


U.S. Firm Selling Fruit Baskets Expands to Offer Hemp-Based Products
The company behind Edible Arrangements is expanding into a different type of edible.

By The Financial District
Mar 27, 20251 min read


Mitsubishi to Outsource EV Production to Taiwan’s Foxconn
Mitsubishi Motors plans to outsource electric vehicle (EV) production to Taiwanese electronics giant Foxconn.

By The Financial District
Mar 27, 20251 min read


SoftBank Group to Acquire U.S. Chip Design Firm Ampere For $6.5-B
SoftBank Group Corp. has announced that it will acquire U.S.-based semiconductor design company Ampere Computing Holdings LLC for $6.5...

By The Financial District
Mar 27, 20251 min read


Google Pays $28M To Settle Claims of Favoring White and Asian Workers
Google has agreed to pay $28 million to settle a class-action lawsuit alleging that it favored white and Asian employees by offering them...

By The Financial District
Mar 27, 20251 min read


Nissan To Cut Top Executive Positions By 20%
Nissan Motor Co. announced on March 19, 2025, that it will streamline its top management structure, reducing executive positions by 20% to..

By The Financial District
Mar 25, 20251 min read


China Condemns Li Ka-shing’s Panama Port Deal with BlackRock
Shares of CK Hutchison Holdings Ltd. plunged after China’s top office overseeing Hong Kong affairs reposted a scathing critique of the...

By The Financial District
Mar 25, 20252 min read
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