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Carl Icahn's wealth plunges $10 bn on Hindenburg short-seller report

Icahn, 87, is the latest billionaire to be targeted by Hindenburg this year after the New York-based short-seller went after Gautam Adani and Jack Dorsey

US Navy hobbled by failures as the risk of conflict with China looms

"Potential adversaries, most notably China and Russia, have developed and enhanced their own capabilities," said the Government Accountability Office's military readiness director

J&J accused by US of misusing bankruptcy to end talc cancer suits

J&J has an $8.9 billion settlement agreement with the "vast majority" of the law firms representing talc claimants, said the company's head of litigation

Pakistan planning to hold provincial, national elections at the same time

Khan wants to hold snap elections but the ruling coalition planned to complete the government's term, which would mean national elections in October

Their valuations lowest in a decade, top Pak firms join share buyback trend

Pakistan took the crown for Asia's fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April

Hindenburg takes on billionaire Icahn with latest short position

His company's stock tumbles 24%

Google, Amazon lobbyists helped US shape new Indo-Pacific trade framework

Officials with the US Trade Representative invited Amazon and Google lobbyists early last year to meet personally with Sarah Bianchi, the deputy trade representative

J&J accused by US of misusing bankruptcy to end talc cancer suits

The healthcare products maker is trying for the second time to get itself out of a jam as cheaply as possible, using the Chapter 11 filing of LTL Management

Europe's gas crunch could return as Goldman Sachs sees winter spike

Europe was saved this winter by mild weather and weak demand for LNG by China, but it's uncertain whether those conditions will last

Pakistan's inflation outpaces Sri Lanka as Asia's fastest amid food crisis

Consumer prices rose 36.4% in April from a year earlier, the highest since 1964, according to data released by the statistics department Tuesday

Credit Suisse AT1 bondholders who lost $1.7 bn in UBS deal file lawsuits

Law firm Pallas Partners, which filed the suit in a Swiss court on April 18, said the Finma agency had no right to order the writedown and is seeking full compensation for its clients

Space rivals join up to bid for European Union's $6.6 bn satellite plan

The consortium will be run by aerospace manufacturers Airbus SE and Thales Alenia Space SAS along with satellite operators Eutelsat Communications SA, SES SA, and Hispasat SA

Alibaba's faded rally signals grim outlook as restoring it will be a battle

Alibaba's American Depositary Receipts are now 2.3% below where they were before the e-commerce firm announced its overhaul plan in late March, wiping out as much as 20% in gains

Here are 5 ways finance companies are trying to de-risk heat waves

To meet this problem, some financial service providers have started to offer instruments aimed at reducing personal and economic risk associated with heat waves

Hollywood writers go on strike for better pay amid Guild, studios deadlock

The Writers Guild of America, which represents more than 11,500 Hollywood scribes, said its strike is effective Tuesday morning Los Angeles time

Apple-Masimo misappropriated trade secrets fight ends with no jury verdict

Masimo sought as much as $1.85 billion, claiming that was the amount of illegal profit Apple earned from using its technology

Samsung bans employees from using AI after spotting ChatGPT data leak

The company conducted a survey last month about the use of AI tools internally and said that 65% of respondents believe that such services pose a security risk

Here are the challenges facing incoming Qantas CEO Vanessa Hudson

The 28-year company veteran replaces Alan Joyce, who will step down in November after 15 years in the role - one of the global aviation industry's longest tenures

Adani focuses on energy as green unit's net income quadruples in 3 months

Adani Green Energy Ltd., India's top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million)

IBM to pause hiring for jobs that AI could do, says CEO Arvind Krishna

Hiring in back-office functions - such as human resources - will be suspended or slowed, Krishna said in an interview