Edition:
United Kingdom

Tom Bergin

Eastman Kodak top executive got Trump deal windfall on an 'understanding'

03 Aug 2020

NEW YORK/LONDON Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an "understanding" with its board that had previously neither been listed in his employment contract nor made public.

Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding'

01 Aug 2020

NEW YORK/LONDON Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an "understanding" with its board that had previously neither been listed in his employment contract nor made public.

How Moderna executives are cashing in on COVID-19 vaccine stock speculation

03 Jul 2020

Biotech firm Moderna Inc could reap tens of billions of dollars in sales and stock appreciation if it wins the race for a COVID-19 vaccine. If it loses, the early-stage company’s value could crash.

Exclusive: U.S. taxpayers' virus relief went to firms that avoided U.S. taxes

28 May 2020

LONDON/BOSTON Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.

Scottish council approves $185 million Trump housing plan

26 Sep 2019

A Scottish council has approved a 150 million pound ($185 million) plan by U.S. President Donald Trump's family business to build 550 houses at his golf resort north of Aberdeen, despite some local opposition.

Auditor to company owned by metals tycoon Gupta quit over asset value

10 Jul 2019

The auditor of a small company owned by metals tycoon Sanjeev Gupta resigned saying it could not agree with the valuation of assets, according to a letter filed with the UK corporate register, Companies House.

Exclusive: Greensill issued false statement on bonds sold by metals tycoon Gupta

08 Jul 2019

Financing group Greensill Capital, which is backed by Japan’s SoftBank Group and General Atlantic of the U.S., last year provided a false statement to market participants relating to bonds it had issued in 2017 on behalf of commodities tycoon Sanjeev Gupta.

Britain's Lord Myners urges UK to investigate GAM-Greensill fund

19 Jun 2019

LONDON/ZURICH A member of Britain's House of Lords said on Wednesday that the UK financial regulator should investigate the GAM Greensill Supply Chain Finance Fund in relation to the pricing of investments and activities of its managers.

Exclusive: Scottish guarantee of metals tycoon’s plant worth half a billion pounds

06 Jun 2019

FORT WILLIAM, Scotland A Scottish government guarantee related to a loss-making aluminium plant owned by commodities tycoon Sanjeev Gupta is worth more than half a billion pounds, nearly twice the amount previously known, according to people familiar with the matter.

World News

Protests swell in Belarus, Lukashenko blames foreigners

Belarusian leader Alexander Lukashenko on Friday told people to stay at home to avoid becoming "cannon fodder" for what he said were foreign-backed revolutionaries after huge crowds took to the streets for a sixth consecutive day to demand he step down.