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Man Group faces rise in withdrawals

Bloomberg Man Group Plc is facing a rise in withdrawals after being hit by $10.7 billion of losses last quarter amid unprecedented volatility in global markets. The investment firm pulled in net new cash and some of its hedge fund strategies made money, but it wasn’t enough to compensate for the drop in performance. Assets under management declined to $104.2 ...

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Uber says engineer is on his own for $180mn to Google

Bloomberg Uber Technologies says a guilty plea by its former star engineer is proof that he’s a liar — and supports its decision to make Anthony Levandowski alone shoulder a $180 million legal award Google won against him. The ride-hailing company, which recruited Levandowski in 2016 from Alphabet Inc.’s self-driving car program, ended up firing him after the companies became ...

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3M files lawsuits against ‘price-gougers’

Bloomberg With coronavirus pandemic driving up demand for protective gear, profiteers and unscrupulous middlemen have taken advantage. Now, one of the biggest manufacturers of the products is fighting back. 3M Co. , the maker of the coveted N95 mask that drew criticism from President Donald Trump over their availability, has filed four lawsuits in the past week against alleged price-gougers ...

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