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01 Apr, 2020
Mattress Firm Files for Chapter 11 Bankruptcy Protection
Mattress Firm, the largest U.S. mattress company is filing for Chapter 11 bankruptcy protection. Chapter 11 bankruptcy is a way for retailers to get out of unwanted leases. Across the U.S., Mattress Firm has 3,500 locations which in the past were in..
Rise in Trade Mark Applications in the UK Due to Fintech Boom
Recent fintech innovations have caused a rise in trademark numbers registered by various financial companies in the UK. In 2016, the sector had reported registering a little over 4,000 trademarks. There is increasing competition among established fi..
Merrill Lynch fined $45 million for failure to report transactions
The Financial Conduct Authority (FCA) has fined Bank of America (NYSE: BAC) Merrill Lynch £34.5 million ($45.5 million) for failure to report its transactions.The FCA said the bank had failed to report exchanged traded derivative tra..
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Tesla to Build Factory in Shanghai
Electric car manufacturer, Tesla Inc. (NASDAQ: TSLA), has confirmed the company has reached an agreement with the Shanghai municipal government to build a factory in the region, according to people familiar with the project, reported by the Wall Str..
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