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    BEIJING (AP) — A troubled Chinese developer whose struggle to avoid a multibillion-dollar debt default has rattled global financial markets wired $83.5 million on Friday to make an overdue payment to foreign bondholders, a government newspaper reported. Evergrande Group’s struggle to reduce its 2 trillion yuan ($310 billion) of debt to comply with tighter official curbs on borrowing has prompted...
    Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021.Brendan McDermid | Reuters Stocks appear to have shaken off the often spooky trading pattern of October for now, and whether that continues could depend on earnings in the week ahead. Dozens of companies are reporting, from Netflix and Tesla to Intel, Procter & Gamble and...
    U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021.Evelyn Hockstein | Pool | Reuters The Securities and Exchange Commission on Thursday said it is reigniting efforts to crack down on Wall Street bonuses when companies report incorrect...
                      by Thomas Catenacci  The majority of oil and gas companies said that they don’t have plans to shift away from fossil fuels at any point in the future, according to an industry report released Tuesday. Oil and gas company executives said hydrocarbons would be their long-term business and that fossil...
    The majority of oil and gas companies said that they don’t have plans to shift away from fossil fuels at any point in the future, according to an industry report released Tuesday. Oil and gas company executives said hydrocarbons would be their long-term business and that fossil fuel demand would remain at current levels for at least another decade, according...
    Home Depot on Tuesday is reportedly joining other large companies chartering private ships to circumvent the supply chain crisis. Walmart, Costco, Target, and Ikea have already hired private vessels to ship goods to smaller ports to avoid the backlog at ports reportedly fueled by a lack of truck drivers, Business Insider reported. Vice President of transportation at Home Depot, Sarah Galica, told the Wall...
    Shipping companies across the nation on Monday are reportedly struggling to find truck drivers to ease port backlogs on the east and west coasts. Old Dominion Freight Line will reportedly hire any driver with or without experience, KHQ NBC reported Sunday. The need is so great, Old Dominion held a job fair Saturday to “hire 10 line drivers who can haul several...
    Southwest Airlines has reportedly cancelled 360 Monday flights, feeding an existing rental car frenzy that travelers must accept in order to reach destinations. According to FlightAware, ten percent of Southwest’s fights have been canceled since 11 AM on Monday. In real numbers, 360 flight have been delayed. “That’s a fraction of the more than 1,100 flights, or 30% of scheduled flights,...
    Over 130 federal judges reportedly broke U.S. law and violated judicial ethics by hearing cases in which they had a financial conflict of interest, according to an investigation by The Wall Street Journal (WSJ) published Tuesday. The WSJ reviewed financial disclosure forms filed between 2010 and 2018 by around 700 federal district and appellate judges who reported individual stock holdings...
    MINNEAPOLIS (WCCO) — The Minnesota State Patrol is issuing a reminder to motorists after more than 100 stop-arm violations were reported by school bus companies in the first 15 days of school. According to the patrol, there have been 161 stop-arm violations reported so far, and that’s just from 40 of the state’s 326 public school districts. RELATED:...
    The advent of coronavirus booster shots could rake in billions of dollars in profits for companies like Pfizer and Moderna, according to the Associated Press (AP). “Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans’ protection against the virus,” reported the AP. “How much the...
    President Joe Biden's American Jobs Plan proposal would raise the United States' corporate tax rate to 28% in order to pay for infrastructure projects. Some large corporations, journalist Akela Lacy stresses in an article published by The Intercept on September 6, have been aggressively lobbying against that proposal — and they include everything from pharmaceutical companies to financial firms, some...
    In this article DIDIBudrul Chukrut | LightRocket | Getty ImagesShares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubling ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies based in the city would invest in...
    House Republican Minority Leader Kevin McCarthy's name is on the records preservation request list the House January 6 Committee has sent telecom companies. McCarthy exploded in anger when news was first reported this week that the House Select Committee on the January 6 Attack had asked the 35 companies to preserve records, which might also include location information. CNN reports...
    House Minority Leader Kevin McCarthy (R-CA) is among the group of GOP lawmakers whose communications records are being scrutinized by the House Select Committee to Investigate the January 6th Attack on the United States Capitol. On Thursday, CNN reported that McCarthy was on the list. On Tuesday, McCarthy threatened telecommunication companies that cooperated with Congress. My statement on Democrats...
    California's public pension system (CalPERS) has more than $3 billion tied up in Chinese companies, including 14 state-owned enterprises blacklisted by the Trump administration because of their ties to the Chinese military, according to a report Thursday. Records reviewed by The Washington Free Beacon reportedly show that CalPERS had more than $450 million invested in the 14 companies blacklisted by...
    House Republican Minority Leader Kevin McCarthy's name is on the records preservation request list the House January 6 Committee has sent telecom companies. McCarthy exploded in anger when news was first reported this week that the House Select Committee on the January 6 Attack had asked the 35 companies to preserve records, which might also include location information. CNN reports...
    Private firms’ payrolls increased by 374,000, far less than the 600,000 jobs economists had predicted would be added, according to a major employment report. August marked the second consecutive month where private growth came in severely short of expectations, according to the monthly ADP National Employment Report released Wednesday. Last month, private firms added half as many jobs as expected...
    The Select Committee investigating the Jan. 6 Capitol riot is expected to request that telecommunications companies preserve the phone records of eleven House Republicans, CNN reported Monday. The eleven members all have close ties to former President Donald Trump, whose records the committee is also expected to request, according to CNN. Democratic Mississippi Rep. Bennie Thompson, the committee chairman, previously...
    The Government of Mexico highlighted the obligation of virtual asset service providers, including bitcoin and other cryptocurrency exchanges, to submit notices about certain operations. Specifically, they must report those that exceed an amount close to USD 87,000, even when “the technological infrastructure with which they are offered is in the jurisdiction of another country or is offered by companies incorporated...
    Internal documents suggest the Pfizer, the drug manufacturer responsible for one the world’s leading coronavirus vaccines, does not require coronavirus vaccination of its employees. Images of a purported “confidential” Pfizer booklet written by Executive Vice President and Chief Human Resources Officer Payal Betcher indicate the company has defied President Joe Biden’s push to have private companies mandate vaccination and only requires...
    Cybersecurity company FireEye on Tuesday announced it has detected a massive cyberattack from China targeting companies in Iran, Saudi Arabia, and especially Israel. The hackers sought to obtain proprietary technology and sensitive business information that would give Chinese state companies a competitive advantage. FireEye designated the Chinese espionage group “UNC215” and said its techniques are similar to those of APT27,...
    In this article UPST COIN Coinbase employees spray champagne during the company's initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesIf you had any lingering doubts about the growth of fintech, take a peek at Tuesday night's earnings reports from two newly-public companies. Cryptocurrency exchange...
    VIDEO2:0502:05Companies and countries need to implement plans to achieve net-zero: CDPSquawk Box Asia A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity's "final wake-up call" by environmental experts. Speaking to CNBC Tuesday, environmentalists outlined the role companies, countries and individuals can play in stemming the crisis. They also shared their hopes for the...
    The chief executives at major U.S. corporations received millions of dollars in bonuses or raises last year even as many companies saw slumping sales and job cuts because of the pandemic, a new analysis shows. CEO compensation at the top 350 companies jumped nearly 19% in 2020 to an average $24.2 million, according to the Economic Policy Institute, a liberal-leaning think...
    Top US corporations including Google and Unilever have been given an 'F' rating for their responses to antisemitism in a new report by a Jewish advocacy group.   The report, published by StopAntisemitism.org, rated 25 business behemoths and found many to be lacking.  Google was given a failing grade in the report, after the former head of its diversity, strategy and...
                      by Thomas Catenacci  Private companies added 330,000 jobs in July, far fewer than expected and the lowest amount since February, according to a major payroll report. The 330,000 jobs added to private payroll last month represented a significant decline from the 680,000 jobs added in June, the ADP National Employment...
    Private companies added 330,000 jobs in July, far fewer than expected and the lowest amount since February, according to a major payroll report. The 330,000 jobs added to private payroll last month represented a significant decline from the 680,000 jobs added in June, the ADP National Employment Report showed. Economists predicted that private companies would add 653,000 jobs in July,...
    As climate change continues to accelerate, the disastrous consequences, according to scientists, will range from more hurricanes in Florida, Mississippi and Louisiana to more wildfires and droughts in the southwestern states, including Colorado — where, reporter Chris McGreal notes in The Guardian, fossil fuel providers like ExxonMobil and SunCor are facing climate change-related lawsuits. Coping with the results of...
    Social media sites failed to act on 84 per cent of reported anti-Semitic posts, a report reveals. Posts involving propaganda and hate, including claims that the Holocaust was a hoax, were not acted upon by Facebook, Twitter, Instagram, YouTube and TikTok. The Centre for Countering Digital Hate, a US-UK group, reported 714 posts across leading social media firms over the...
    Traders on the floor of the New York Stock Exchange, June 25, 2021.Source: NYSE Friday's jobs report could be a catalyst that helps determine whether markets are volatile or will trade like it's the quiet dog days of August. More than a quarter of the S&P 500 report earnings in the coming week. The calendar includes companies in sectors such...
    The Israeli government has created a task force to push Ben & Jerry's into loosening restrictions against Israeli-occupied territories, Axios reports. The Israeli Foreign Ministry last week reportedly ordered all Israeli diplomatic missions in North America and Europe to begin pushing the ice cream company, owned by Unilever, into negotiations, with a goal of getting it to nix its new policy....
    In this photo illustration the Interpublic Group of Companies (IPG) logo is seen displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket | Getty Images Shares in advertising holding company Interpublic Group of Cos. climbed more than 10% Wednesday — hitting a 52-week-high — after reporting earnings that show the rebound of the ad market.  IPG is a holding...
    U.S. Senator Mark Warner, Democrat of Virginia and Chairman of the Senate Select Committee on Intelligence, holds a hearing about worldwide threats, on Capitol Hill in Washington, DC, April 14, 2021.Saul Loeb | Pool | Reuters A new bill unveiled Wednesday would make some companies tell the government when they've been hacked. The bipartisan Cyber Incident Notification Act is a...
    Despite persistently declining trust, an aging audience, and a business model that can now be threatened by independent content creators on the internet, the legacy media is being propped up by the same tech companies that disrupted them, as outlined by a report in The Wrap. Although Facebook says it is supporting local media, the company is paying massive licensing...
    A recent report on the impact of Apple’s privacy changes for iPhones and iPads appears to show that advertisers are experiencing a 15 to 20 percent drop in revenue. The changes allow consumers to block advertisers from tracking them, a business model criticized as “surveillance-based” advertising. VenureBeat reports that Consumer Acquisition’s Brian Bowman has sounded the alarm on Apple’s decision to favor...
    A Falcon 9 rocket booster lands after launching the company's Transporter-2 rideshare mission on June 30, 2021.SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. "This was the largest quarter on record for space infrastructure investment, despite only two...
    The Democratic National Committee reportedly want Short Message Service (SMS) carriers to step in and police private text messages as part of a new Democratic push against COVID-19 vaccine misinformation. Allies of President Joe Biden, including the DNC, plan to “engage fact-checkers more aggressively” and work alongside phone companies to combat misinformation about vaccines shared via social media and private...
    House Democrats on Thursday released a report that found that the 14 leading drug companies paid out more in stock buybacks and dividends from 2016 to 2020 than they spent on research and development.  The report from the House Oversight and Reform Committee finds that the 14 companies spent $577 billion from 2016 to 2020 on stock buybacks and dividends, $56...
    (CNN Business)The White House on Sunday urged companies who believe their systems were compromised in the ransomware attack that targeted software vendor Kaseya to immediately report it to the Internet Crime Complaint Center."Since Friday, the United States Government has been working across the interagency to assess the Kaseya ransomware incident and assist in the response," said Anne Neuberger, deputy national...
    WASHINGTON -- Businesses around the world rushed Saturday to contain a ransomware attack that has paralyzed their computer networks, a situation complicated in the U.S. by offices lightly staffed at the start of the Fourth of July holiday weekend.It's not yet known how many organizations have been hit by demands that they pay a ransom in order to get their...
    By Frank Bajak, Eric Tucker and Matt O’Brien | Associated Press WASHINGTON — A ransomware attack paralyzed the networks of at least 200 U.S. companies on Friday, according to a cybersecurity researcher whose company was responding to the incident. The REvil gang, a major Russian-speaking ransomware syndicate, appears to be behind the attack, said John Hammond of the security...
    WASHINGTON -- With the economy growing rapidly as it reopens from the pandemic, many employers are increasingly desperate to hire. Yet evidence suggests that as a group, the unemployed aren't feeling the same urgency to take jobs.Many people who are out of work are either seeking higher pay than they had before or are still reluctant to take jobs in...