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...The UK in November 2023 sanctioned a Dubai-based subsidiary of Paramount and then Troost himself and his Geneva-based company two months later....
...Ben & Jerry’s responded by filing a lawsuit against Unilever, in a rare case of a company being sued by its own subsidiary....
...The business, spun out as an independent subsidiary by Condé Nast parent company Advance Publications in 2011, has not made a profit in its 19-year history, and recorded a $91mn loss in 2023....
...“OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” wrote Musk’s lawyers in a filing issued to a San Francisco court on...
...The US federal drug regulator has told British American Tobacco’s US subsidiary to halt sales of its menthol-flavoured Vuse Alto vape, the most popular e-cigarette in the US, following a jump in popularity...
...“In reality, however, OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft.”...
...Second, criminal ransomware gangs, often linked to Russia, are increasingly targeting poorly protected corporate vendors and subsidiaries....
...The problem is, the relicensing is exactly what J Crew did when it transferred its IP to an unrestricted subsidiary....
...“OpenAI, Inc has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawsuit alleged....
...Anybody working in tech or games right now is worried about lay-offs to some degree, either for themselves or someone they know,” said Autumn Mitchell, a quality assurance tester at Microsoft video game subsidiary...
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...The company was spun out as an independent subsidiary by Advance Publications, Condé Nast’s parent, in 2011....
...A version of this article was first published by Nikkei Asia on January 16. ©2024 Nikkei Inc. All rights reserved....
...His comments reflect a shift in the way consumer-facing companies are talking about their Russian subsidiaries....
...While US investors hold significant stakes in ByteDance, founder Zhang Yiming has shares with special voting rights that give him control of the company and its subsidiary TikTok....
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...Since listing in 2006, it has issued $132bn in equity, adding to more than $20bn in offshore bonds the company raised through various subsidiaries....
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...The data is not comprehensive, but covers profits from subsidiaries with FDIC-insured deposits. Profits were dragged down by one-off charges linked to last year’s regional banking crisis....
...The fallout led to a rare instance of a subsidiary suing its parent company. May DD suggest a couple new flavours for Ben & Jerry’s: ‘Banana (corporate) split’ and ‘The full Nelson’....
...To that end, his company’s US unit is a separate legal entity, with an independent share structure, rather than having the status of being a subsidiary of the Chinese business....
...Substrates are the material that chips are built on, and Kinsus is a subsidiary of key iPhone assembler Pegatron....
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
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