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REVLON CASE
FedEx sues US for refund on Trump's emergency tariffsGlobal firm FedEx has sued for a refund of tariffs imposed by former President Donald Trump. The U.S. Supreme Court recently declared these...- FedEx sues U.S. Government seeking full refund of Trump tariffs after Supreme Court rulingFedEx has filed a case to get back tariff money from the U.S. government after a court ruling against Trump’s trade policy. The decision ha...
- Costco becomes the largest company to challenge Donald Trump’s tariffs; here are the other firms suing Trump administration for refundsWholesale giant Costco is suing the US government over President Donald Trump's tariffs. The company seeks a full refund of import duties i...
- Costco sues US to preserve tariff refunds if Trump loses appealCostco has sued the U.S. government to secure potential refunds if the Supreme Court rejects President Trump's tariff authority. The retail...
- Citi copy-paste error almost sent $6 billion to a customer’s account by accidentCitigroup nearly transferred $6 billion to a customer by mistake due to a copy-paste error, shortly after another error of $81 trillion. Th...
- Citi employee's typo leads to an $81 trillion transaction errorCitigroup accidentally credited $81 trillion to a customer's account instead of $280, later reversing the transaction. The error, detected ...
- Two Dabur cos get relief in multiple lawsuits in US court, 3rd entity to face chargesDabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either man...
- Citigroup in talks to recoup errant $500 mln Revlon loan paymentIn a Thursday filing in Manhattan federal court, lawyers for the bank and the lenders said they have been discussing a "consensual resoluti...
- Revlon creditors challenge 2020 loan transactionsBoth lender groups participated in a $2 billion loan that Revlon used to purchase Elizabeth Arden in 2016. But the Brandco lenders, which i...
- Meme stock rally could be sign that investor appetite for risk is returningGetty Images, which returned to public markets in late 2021 after merging with a SPAC, rallied nearly 35%, while Revlon Inc, which said las...
- Cosmetics maker Revlon nears bankruptcy filingDemand for makeup products has bounced back in recent months as people across the world venture out more often. But Revlon, which faces sti...
- Wipro employees had a role in Citibank's big blunder that saw $900 million goneThe case involves one where Citibank acted as an administrative agent for a term loan taken by Revlon, and where it was to wire approximate...
- US judge: Citigroup can't get back $500 million it wrongly paid outThe case centers on payments totaling some $500 million Citigroup sent in August 2020 to 10 financial companies who were parties to a term ...
- Citigroup trial reveals chain of gaffes that led to the $900 million blunderAt the heart of the breakdown was a system known inside the bank as the “six eyes” approval process. Under the six-eyes protocol, three peo...
- Bank error in your favour: Citi’s fight to reclaim $900 millionUnless there’s a last-minute settlement, the trial -- over one of the biggest banking errors in recent memory -- will be closely watched on...
- From art worth millions to his 257-foot yacht, billionaire Ronald O. Perelman is selling almost everything as the pandemic roils his empireAt an age when most fellow billionaires are kicking back, Perelman, 77, is facing a range of financial challenges.
- Citigroup cites $900 million human error. Lenders are puzzledThe bank — which said it has been in the process of upgrading its loan operations platform after a review it undertook last year — said it ...
- Paras' MENA report card lured ReckittMena factor is emerging as the draw for multinational suitors looking for Indian companies, the recent Paras Pharma buyout by Reckitt Benck...
- A good screen while hunting for a multibagger is to look for GALP stocksMoney managers tend to become fond of their favourite stock screens, just as baseball players tend to prefer one bat over others. One of my...
- Pond's packs a premium punch in skin carePond’s, the eternal cosmetic brand that your mother used on her way to work and your sister on those cold wintry days, has acquired a premi...
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