BUSINESS
The Sackler Family Wants Immunity on Opioid Crisis and Here's Who's Helping Them
It's lawmakers vs lobbyists as the owners of opioid maker Purdue Pharma try to shield their corporate empire from litigation.
Evergrande Offloads Property Management Wing in Latest Attempt to Stay Afloat
Evergrande's property management wing represented close to 3,000 properties and employed roughly 6,000 employees. Its sale will generate over $5 billion.
Viral TikTok Series 'Improves' Logos for Some of the Most Well-Known Companies
"Her humor is so advanced, that I know she's joking but at the same time I question if she's not," a TikTok user wrote in the comment section.
New Vehicle Prices in U.S. Set Record, Approaching $43K as Inventory Drought Continues
Thomas King, president of data and analytics at J.D. Power, said there are simply not enough vehicles being manufactured to meet demand.
Fugitive Carlos Ghosn Names the 'Dark Forces' at Nissan that Took Him Down
Japanese execs didn't want to cede corporate control, Ghosn says, and racism and nationalism also played a role in his downfall.
Smith & Wesson Leaving Massachusetts as State Weighs Production Ban on Assault Weapons
The gun manufacturer cited "support for the 2nd Amendment" among its reasons to relocate to Tennessee.
Toxic Baby Food 'Knowingly' Put on the Market, as Industry 'Cut Corners' for Profit: Report
The state of Alaska found "multiple samples" of Beech-Nut's and Gerber's infant rice cereals to have more inorganic arsenic than the FDA's limit.
China Seeks to Hold Off Evergrande Default With Purchase of $1.5 Billion Stake in Bank
Under the transaction, the Chinese state becomes the largest shareholder of the bank that has suffered due to Evergrande's financial woes.
Hiring People With Criminal Records is Good for Business
An economist says hiring people with criminal records is good for business and good for society
Evergrande's Looming Default Rattles China's Small Businesses That Hold Ties to Developer
Business with Evergrande accounts for 90 percent of Guo Hui's business. Unpaid dues from the company have put his business on the verge of bankruptcy.
Employers Embrace New Software to Track Workers Amid Remote Shift
Creators of such software warn against businesses abusing them to invade worker privacy.
Wells Fargo Settles $37 million Suit Over Defrauding of Small and Medium Businesses
The bank incentivized its salespeople to overcharge customers and later would reap the financial benefits from allegedly concealing the overcharges.
Thousands of United Workers to Be Fired, Furloughed Over COVID Vaccine Mandates
United said that more than 97 percent of its U.S. employees had taken the shot, but the 2,000 plus holdouts appear ready to put up a fight.
Evergrande Appears to Miss $83 Million Payment, What it Means for Company, Global Economy
While Evergrande has not commented about the payments, foreign bondholders have announced that payments have not been received.
BlackRock Could See Short End of the Stick in Potential Divvy Up of Evergrande Assets
BlackRock acquired 31.3 million notes of Evergrande's debt between January and August of this year.
EU Pushes Smartphone Makers to Use USB-C Cables to Charge Devices
One of the top opponents to the proposed change is Apple, which said that limiting charging cables could curtail future innovation and displease buyers.
Evergrande Shares Jump as China Asks Company to Avoid Near-Term Default
Questions remain over whether Evergrande was able to afford an $83 million debt payment due this Thursday. With 30 days remaining before the firm would default on such a payment, Beijing appears to be looking to prevent major fallout should a collapse occur.
China Braces for Social Unrest After Evergrande Collapse: Report
Beijing is showing no signs it will bail out property developer Evergrande from its $300 billion of looming liabilities.
To Protect Their 'Sacred Water,' Tribal Nations Take On an Oil Giant
An on-scene report from the encampment where Indigenous people are trying to stop construction of the Line 3 pipeline.
Bitcoin Site Hacked With 'Double Your Money' Scam
The website was inaccessible as of Thursday morning with visitors being met with an error message.
How Evergrande Could Disrupt the Global Economy if Fall Hits China Harder Than Predicted
"If any of these risks do materialize, we would be most concerned about the demand spillovers from a big decline in Chinese construction activity," Capital Economics writes.
As Evergrande Fails, China's Housing Market Could Go Flat—What This Means for Beijing
"If the government can prevent a bubble that collapses, then that just leaves people in a good position," David Dollar, an expert on the Chinese economy, said.