A projection in Finland says Alexander Stubb wins the first round of the presidential election to set up a Feb 11 runoff
A projection in Finland says Alexander Stubb wins the first round of the presidential election to set up a Feb 11 runoff
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‘Pharma Bro’ Martin Shkreli’s lifetime drug industry ban upheld
Martin Shkreli, known for once hiking the price of a life-saving drug more than 4,000%, cannot return to the pharmaceutical industry after a federal appeals court on Tuesday upheld his lifetime ban. A three-judge panel of the 2nd US Circuit Court of Appeals in Manhattan said a lower court judge acted properly in imposing the…
China Appears to Backpedal From Video Gaming Crackdown
Chinese regulators on Tuesday appeared to backpedal from a plan to reduce how much money people spend on online video games, after the proposal had tanked video gaming companies’ stocks and raised doubts about the government’s commitment to reviving China’s slowing economy. The draft rules disappeared from the website of the National Press and Publication…
HP Enterprise discloses hack by suspected state-backed Russian hackers
BOSTON — Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information technology products and services said in a Securities and Exchange Commission regulatory filing that it was informed of the intrusion on Jan. 12. It said…
Stocks Are in a Bull Market. What Does That Mean?
The S&P 500 index closed at a record on Friday, crossing above its old high-water mark, set in early 2022. The gains show that investors have overcome fears of rising interest rates and panic about a recession that had governed stock trading for much of the past two years. Instead, they’re now betting that a…
The Baltimore Sun’s New Owner Has the Newsroom on Edge
A few years ago, desperate to avoid being acquired by a hedge fund, staff members of The Baltimore Sun made public pleas for a local entrepreneur to buy their publication. That request was recently realized: A Maryland businessman, David D. Smith, bought the storied newspaper, returning the 186-year-old newspaper to local hands for the first…
Italy’s premier slams Stellantis over reduced Italian footprint since Peugeot-FiatChrysler tie-up
MILAN — Italian Premier Giorgia Meloni slammed carmaker Stellantis, accusing it of weakening Italy’s industrial footprint since the merger of FiatChrysler and PSA Peugeot that created the world’s fourth largest auto maker. As one of Italy’s top private sector employers, Fiat and its successors, FiatChrysler and then Stellantis, have always gotten government attention, but rarely…