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The Latest Breaking News from Company

The CEO of a $17 billion real estate giant will step down after 50 years—and just weeks after a short seller accused him of concealing millions in self dealings

“Mr. Shiffman’s retirement is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices,” Sun Communities said in a filing.

Fortune

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

Company says it will cut about 200 employees as value plummets in aftermath of huge data breach

The Guardian - US

West London council denies funding the production of 'indiscriminate weapons' for Israel

Councillor Emma Dent-Coad has urged Kensington and Chelsea Council to divest its pension fund from portfolios including Elbit Systems

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Douglas Elliman Realty president fired days after CEO stepped down

Their departures from the brokerage and its parent company are effective immediately.

Fortune

Boohoo wards off audacious boardroom coup move from Frasers

neither delayed responding to Frasers’ requests for board representation nor ignored them.”

Evening Standard

Insurance giant Globe Life says it's being extorted by hackers

Globe Life says it did not suffer a ransomware attack but it did lose customer data.

TechRadar

CVS Stock Falls After Karen Lynch Ouster: What to Know

CVS stock is lower Friday after the embattled healthcare company said Karen Lynch is out as CEO, effective immediately

Kiplinger

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Mulberry set to stay out of the clutches of Frasers after Challice backing

Frasers upped its offer for Mulberry to 150p a share, valuing the company at £111 million, on Friday

Evening Standard

Short seller of $17 billion real estate giant accuses CEO of concealing millions in self-serving dealings

Blue Orca, an activist investment firm that admits it is biased and cannot ensure complete accuracy in its report, argues Sun Communities failed to make financial disclosures, inflated funds, and tolerated poor corporate governance.

Fortune

Trump Media execs quit amid CEO claims

The firm that operates Truth Social is in turmoil following internal complaints to company board

Salon

Mulberry rejects £83 million takeover offer from Fraser Group

Fraser made its surprise move after Mulberry unveiled an emergency £10.75 million share placing to shore up its battered balance sheet.

Evening Standard

Aston Martin warns on production numbers and earnings following "disruption"

The company said wholesale volumes this year “are now expected to decline by high single digit percentage compared with 2023”

Evening Standard

3 Healthcare Stocks to Watch as the Aging Population Drives Demand

As the global population ages, the demand for healthcare services surges, making the sector a promising avenue for long-term growth. Investors looking to capitalize on this trend might consider adding healthcare giants like Eli Lilly and Company (LLY), UnitedHealth Group (UNH), and Merck & Co. (MRK) to their watchlist. Read…

StockNews.com

Lego dinosaur company 'to avoid extinction' despite administration

Revenues for the years ended 2018 and 2019 totalled £4.2 million and £5.4 million but fell sharply during the pandemic

Evening Standard

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Fortune

Every single member of the board just resigned from DNA tester 23andMe

CEO Anne Wojcicki said the mass exodus left her “surprised and disappointed.”

The National (Scotland)

The Scottish botanist who brought tea from China to India

IT was in this week of 1812 that the quite remarkable Robert Fortune was born. The Scottish botanist credited with altering the economies of the two…

Salon

Red Lobster's future is looking up

Red Lobster will also see new leadership changes once its forthcoming acquisition is complete

International Business Times

Southwest Chairman Gary Kelly To Retire As Struggling Airline Shakes Up Board

The moves come after a meeting with large shareholder Elliott Investment Management.

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RideApart

Hoonigan Announces It's Bankrupt, Private Equity Destroys Another Brand

Hoonigan's owners, Clear Lake Capital, have announced that it's bankrupt, stating it'll have to restructure to save the brand it acquired a few years back.

The Guardian - UK

Donna Huddleston: Company; Liorah Tchiprout: I love the flames, but not the embers – review

Puzzling portraits mine the memory in Donna Huddleston’s stylised look at the 70s, while Liorah Tchiprout paints a cast of dolls inspired by women from Yiddish theatre

Barchart

The Pros and Cons of Making Money From DJT’s Unusually Active Options

Trump Media & Technology Group had one unusually active option in Wednesday trading. Regardless of how you feel about the man, there is an opportunity to make money from his company’s stock.

Fortune

Chain once known as Lumber Liquidators will be liquidated

It’s known as LL Flooring these days.

Dynamite News

NBCC honored with ‘Company of the Year’ award in construction sectors

Manas Kaviraj, Senior Executive Director, NBCC received the award on behalf of Shri KP Mahadevaswamy, CMD, NBCC and Company. Read further on Dynamite News:

Louder

"Mr Cain is elated with the outcome": Jonathan Cain claims victory in ongoing legal dispute with Journey bandmate Neal Schon

To be completely frank, we're not sure what's going on with this soap opera anymore

The Independent UK

Military shipbuilder Austal says investigation settlement in best interest of company

Executives with military shipbuilder Austal say settling an accounting fraud investigation is the best outcome for the company and that new financial controls have been put in place

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