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Gawker Media files for bankruptcy, to go up for sale
June 11, 2016 by elegant · Leave a Comment
By Jessica DiNapoli and Jared Leone NEW YORK/ST. PETERSBURG, Fla. (Reuters) – Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape. The move followed revelations that Hogan's lawsuit, along with several others against Gawker, were being bankrolled by billionaire investor Peter Thiel, an early backer of Facebook and a co-founder…
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Gawker Media files for bankruptcy, to go up for sale
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Musk’s Tesla faces German battle over battery-powered homes
November 29, 2015 by admin · Leave a Comment
By Vera Eckert and Christoph Steitz FRANKFURT (Reuters) – If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. The South African-born entrepreneur's company Tesla, best known for its electric cars, sparked global interest in the idea of…
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Musk’s Tesla faces German battle over battery-powered homes
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Lufthansa cabin crew union says pay talks have failed
November 1, 2015 by elegant · Leave a Comment
Talks between Lufthansa and its main cabin crew union have failed, the union said on Saturday, raising the prospect of more strikes at the German carrier. Lufthansa is in talks with various staff groups as it seeks to cut costs in order to compete better with low cost carriers and Gulf rivals. A long-running dispute with its pilots over pay and conditions has already resulted in more than a dozen strikes over a period of 18 months.
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Lufthansa cabin crew union says pay talks have failed