Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors
Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors
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Media heiress Shari Redstone receives preliminary offer for Paramount parent: report
Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes…
The UK says it will ban disposable vapes and curb candy-flavored e-cigarettes aimed at kids
LONDON — The British government says it will ban the sale of disposable vapes and limit their cornucopia of flavors in an effort to prevent children becoming addicted to nicotine. It also plans to stick to a contentious proposal to ban today’s young people from ever buying cigarettes. Prime Minister Rishi Sunak is due to…
Norfolk Southern’s fourth-quarter profit falls 33% as Ohio derailment costs continue to grow
Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the quarter and even without the costs related to that toxic crash its profits still would have been down 14%. The Atlanta-based railroad…
Biden revisits decaying Wisconsin bridge to announce $5B for infrastructure in election year pitch
WASHINGTON — The last time President Joe Biden visited Superior, Wisconsin, he warned of the danger posed by the deteriorating John A. Blatnik Memorial Bridge — pointing out the decades-old corrosion that had weakened the overpass connecting the two port cities in Wisconsin and Minnesota and vowing to fix it. Biden is returning to that…
Longtime Applebee’s franchise owner sells 21 restaurants in NYC area for $140M
Outspoken Applebee’s franchise owner Zane Tankel sold off the majority of his restaurant portfolio to a longtime rival in a $140 million deal. The 83-year-old Tankel, who owned 23 Applebee’s Grill & Bar eateries in the New York City area, agreed to part with 21 of them in the deal with New Jersey-based Doherty Enterprises…
Finns go to the polls to elect a new president
HELSINKI — Voters in Finland were electing a new president Sunday at an unprecedented time for the Nordic nation that is now a NATO member with its eastern border with Russia closed — two things almost unthinkable a few years ago. Polls across the country opened at 9 a.m. (0700 GMT) and will close at…