Shares in Hainan Airlines, the flagship carrier of embattled Chinese conglomerate HNA Group, rose as much as 5% on Monday, its maximum level allowed for the day, after it gave an update on its restructuring plans. Sources told Reuters on Monday that China's HNA Group will receive strategic investment of 38 billion yuan ($5.9 billion) after its restructuring, which will go to eleven of its entities including its flagship carrier Hainan Airlines. Hainan Airlines said in a separate statement on Monday that it would use funds from strategic investors and future operating income to repay debts.
House Speaker Nancy Pelosi will no longer tie the infrastructure bill to a huge spending plan. Tesla, AMD are actionable.
Less than a month before opiate crisis miniseries Dopesick is scheduled to launch on Hulu, writer and Empire co-creator Danny Strong has been sued over commissions by his former management group. Represented by Hollywood heavyweight lawyer Patricia Glaser, The Gotham Group is seeking a court declaration that their almost 20-year oral agreement with Strong is […]