Blackstone has walked away from a proposed $4 billion tie-up with Hong Kong’s New World Development after the indebted property developer refused to cede control, Bloomberg News reported on Wednesday, citing people familiar with the matter. Blackstone declined to comment. …
Walmart Cuts, Relocates 1,000 Corporate Employees
Retail giant Walmart is cutting or relocating approximately 1,000 corporate employees as the company restructures parts of its technology and product divisions amid a broader