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shell corporation

Climate protesters dragged from oil giant meeting: 'Go to hell, Shell!'

The activists, including members of Greenpeace and Extinction Rebellion, say Shell and other fossil fuel firms are making record profits at the cost of the environment.

Roman Abramovich handed millions in assets to his kids before sanctions hit: FBI

Russian oligarch Roman Abramovich secretly transferred millions of dollars worth of assets to his children before he was placed under international sanctions, an FBI analyst found.

Vivendi shareholders back spinoff of Universal Music Group

Vivendi shareholders overwhelmingly backed the spinoff of its lucrative Universal Music Group, home to recording artists like Taylor Swift, Lady Gaga and Ed Sheeran.

Vivendi sells 10 percent stake in Universal Music Group to Ackman's SPAC

Billionaire investor Bill Ackman bought a 10 percent stake in Vivendi's Universal Music Group for $4 billion, valuing the world's largest record label -- which is home to Drake, Taylor...

Ackman's Pershing Square in talks to buy 10 percent of Universal Music for $4B

Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10 percent stake of Universal Music Group for about $4...

Congress to hold hearing on SPACs as scrutiny builds over liability protections

Federal lawmakers are ramping up scrutiny of special purpose acquisition companies, or SPACs, with a hearing set for Monday as they consider legislation aimed at curbing liability protections for the industry....

SEC opens inquiry into Wall Street's blank check IPO frenzy

The Securities and Exchange Commission has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four...

This shadowy businessman is reportedly behind Pornhub parent company

The world's most powerful internet porn company is owned by a shadowy businessman who barely exists online, a new report says. Bernard Bergemar is the biggest owner of MindGeek, the...

Feds crack down on rich foreigners' favorite money-laundering scheme

The feds put corrupt foreign pols and overseas crooks on notice Wednesday: No more laundering your ill-gotten gains by purchasing pricey properties in Manhattan and Miami. “Geographic targeting orders” announced...

The latest Clinton shoe: Bill's shell corporation

Just two days after President Obama confirmed that Hillary Clinton would be his secretary of state, Bill Clinton set up a shell corporation to “channel” his payments for unspecified consulting...