He was born Charles Osgood Wood III in Manhattan on Jan. 8, 1933. His father, Charles Osgood II, was a textile salesman who moved the family to Baltimore when young Charles was 6 and took a second job, as an expediter for a copper company, during World War II. His mother, Mary (Wilson) Wood, was…
The Los Angeles Times said on Tuesday it would lay off about 115 journalists, slashing its newsroom by more than 20 percent after a tumultuous few weeks that saw top editors depart and workers strike. Patrick Soon-Shiong, the billionaire owner of The Los Angeles Times, said in an interview with his paper that it was…
In early January in San Antonio, dozens of Ph.D. economists packed into a small windowless room in the recesses of a Grand Hyatt to hear brand-new research on the hottest topic of their annual conference: how climate change is affecting everything. The papers in this session focused on the impact of natural disasters on mortgage…
H&M pulled an ad for school uniforms that featured two young schoolgirls with the tag line “make those heads turn” after being accused of “promoting pedophilia.” The $29.99 school dresses from the Swedish retailer were part of a sponsored ad on social media in Australia. The promo shows two young girls who appear to be…
Amazon Labor Union, the first group of Amazon workers to organize in the US, is reportedly struggling to make ends meet and is far from establishing a labor contract with the e-commerce giant, according to a report. ALU’s vice president Michelle Nieves told The Wall Street Journal that the organization is “pretty much broke.” Chris…
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…
Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal includes 42 states and Washington, DC. The company tentatively agreed to pay about $700 million to settle the…
As stock markets soared in 2023, so did the fortunes of many of the world’s biggest hedge funds. The 20 best-performing hedge funds made $67 billion in gains last year, triple what they reported in 2022, according to data released by LCH Investments, a so-called fund of funds that ranks the top 20 firms based…
Procter & Gamble’s price hikes boosted its earnings in the latest quarter, the company reported Tuesday, indicating that inflation-battered consumers haven’t turned away from the company’s higher-priced household items. Aside from price increases largely fueling sales growth, shoppers also bought more products across P&G’s beauty lines and health and family care offerings. P&G said that…
YouTube sensation MrBeast said he made over $263,000 from a single post on X — but added that it’s a “bit of a facade” and that others would have a hard time raking in such profits on the Elon Musk-owned platform. MrBeast, whose real name is Jimmy Donaldson, posted a video to X last week…
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