Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors

Stocks that traded heavily or had substantial price changes Friday: Intel, KLA fall; American Express, Olin rise NEW YORK — Stocks that traded heavily or had substantial price changes on Friday: Intel Corp., down $5.90 to $43.65. The chipmaker gave investors a weak earnings and revenue forecast for the current quarter. American Express Co., up…

In his 40-year career, William Lucas has seen nearly every step in the erosion of the American garment industry. As general manager of Eagle Sportswear, a company in Middlesex, N.C., that cuts, sews and assembles apparel, he hopes to keep what’s left of that industry intact. Mr. Lucas, 59, has invested hundreds of thousands of…

The return-to-office trend gained steam in December when average visitation rates at 350 Manhattan buildings rose to 67% of 2019 rates, according to the Real Estate Board of New York. That was up from the 65% recorded in November — and would have been 74% if the sleepy last week of December between Christmas and New…

Exxon Mobil is suing two activist investors to prevent their proposal calling for emissions cuts at the oil giant from coming to a vote of shareholders. In a complaint filed in U.S. District Court for the Northern District of Texas on Sunday, Exxon accused the investors, Arjuna Capital and Follow This, of abusing the process…

JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing….