Press Digest: New York Times business news - Nov 28

Yellow

28/11/2023 06:44

Nov 28 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.

    - Shein, the ultrafast-fashion retailer founded in China
more than a decade ago, has filed confidentially for an initial
public offering in the United States.

    - Sarah Riggs Amico, a prominent trucking executive, has
assembled a last minute plan to acquire Yellow  YELLQ.PK  out of
bankruptcy, but the plan rests on getting the U.S. Treasury
Department to allow Yellow to postpone repayment of a $700
million rescue loan that it made to the company in 2020.

    - The New York State cannabis board voted Monday to approve
a settlement that would resolve two lawsuits and end a
three-month-long freeze on recreational dispensary openings
across the state.

    - Elon Musk traveled to Israel and met with Prime Minister
Benjamin Netanyahu on Monday, touring the scene of a Hamas
attack in a visit that appeared aimed at calming the outcry over
his endorsement of an antisemitic conspiracy theory on X, the
social media platform he owns.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))