Wasserman to acquire sport marketing agency CSM
Business

Wasserman to acquire sport marketing agency CSM

July 19 (Reuters) – Sports and music marketing agency Wasserman on Wednesday agreed to acquire peer CSM Sport & Entertainment company for an undisclosed price in a bid to bolster its sports roster.The deal comes after Wasserman, which already represents talent across sports leagues including NBA, NFL and NHL, acquired Caric Sports Management and Squadra… […]

Tesla reports sequentially lower quarterly gross margin
Business

Tesla reports sequentially lower quarterly gross margin

July 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price war on automaker rivals squeezes the company’s own margins.The company has slashed prices several times in the United States, China and other markets since late last… […]

Fed fines Deutsche $186 mln for slow progress in money laundering curbs
Business

Fed fines Deutsche $186 mln for slow progress in money laundering curbs

WASHINGTON, July 19 (Reuters) – The Federal Reserve said on Wednesday it fined Deutsche Bank (DBKGn.DE) and its U.S. affiliates $186 million for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank.The new penalty for lingering issues marks the latest blow for the German lender, which… […]