A senior Panamanian official on Monday said he had uncovered evidence of misconduct by a Hong Kong company, a finding that could delay or even scuttle a ports deal that has put China at loggerheads with the United States. Last month the Hong Kong conglomerate CK Hutchison agreed to sell a business that encompasses 43…
Dollar Tree is selling the Family Dollar brand to two private capital firms for just over $1 billion, the company announced on Wednesday after years of struggling with Family Dollar’s operation. The private equity firms Brigade Capital Management and Macellum Capital Management are buying Family Dollar together, according to the statement. In the announcement, Dollar…
When Donald Trump retook the White House last year, parts of the banking world celebrated. Wall Street dealmakers saw his presidency ushering in a new era of “megamergers,” with the Republican administration providing a more friendly regulatory environment. But as the Financial Times (FT) reported Monday (March 24), those predictions have so far not come to…
Frank Voon joined Jones Day as a partner in its corporate practice in Hong Kong, the firm announced Monday. Voon advises on complex, cross-border mergers and acquisitions, and private equity transactions across the automotive, health-care and life sciences, mining and energy, real estate, and technology industries. He represents multinational corporations and state-owned entities on their…
Shari Redstone, the controlling shareholder of the entertainment giant Paramount, delivered a crucial message to her board a few weeks ago. For months, Paramount’s lawyers had been jousting with representatives for President Trump, who had sued the company’s CBS News network over its segment on former Vice President Kamala Harris. Mr. Trump accused the network…
When Chinese artificial intelligence firm DeepSeek shocked Silicon Valley and Wall Street with its powerful new A.I. model, Marc Andreessen, the Silicon Valley investor, went so far as to describe it as “A.I.’s Sputnik moment.” Presumably, Mr. Andreessen wasn’t calling on the federal government to start a massive new program like NASA, which was our…
When Donald J. Trump sued CBS for $10 billion days before the 2024 election, accusing the company of deceptively editing a “60 Minutes” interview with Vice President Kamala Harris, many legal experts dismissed the litigation as a far-fetched attempt to punish an out-of-favor news outlet. Now Mr. Trump is back in the White House, and…
The email landed in employees’ inboxes with the subject line: “Fork in the Road.” The message in the email was stark: Accept a sweeping set of workplace changes or resign. That was the note that millions of federal employees received around 5 p.m. on Tuesday. It echoed a similar message that thousands of workers at…
Raine Group plans to close its Hong Kong office and is offering the staff to relocate to Singapore as the New York-based boutique adviser seeks to consolidate its operations in Asia, according to people with knowledge of the matter. Three Hong Kong staff, including a managing director, have been offered to move, the people said,…