BUSINESS

Historic Shift Underway in China’s Economy as Investment Slump Deepens

Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world.Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world. China, Economic Conditions and Trends, Factories and Manufacturing, Infrastructure (Public Works), […]

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Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced.

Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay. Mergers, Acquisitions and Divestitures, Credit and Debt,

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Tech Support Scammers Stole $85,000 From Him. His Bank Refused a Refund.

A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account.A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t

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The Fine Art of Managing Christie’s

As more people tune in for the “theater” of high-end auctions, Bonnie Brennan is trying to convert them into clients.As more people tune in for the “theater” of high-end auctions, Bonnie Brennan is trying to convert them into clients. Auctions, Art, Collectors and Collections, Content Type: Personal Profile, Executives and Management (Theory), Christie’s Read More

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Fleece, Love and Vomit: New Yorkers’ Best (and Worst) SantaCon Stories

The bar crawl and charity fund-raiser has been eliciting strong reactions in the city for more than 25 years. Readers shared theirs.The bar crawl and charity fund-raiser has been eliciting strong reactions in the city for more than 25 years. Readers shared theirs. SantaCon (Festival), Santa Claus, Bars and Nightclubs, Porges, Seth Read More

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Calvin McDonald, Lululemon CEO, Will Depart Yoga Clothing Maker in January

The maker of yoga clothing is looking for a new leader after public pressure from the company’s founder.The maker of yoga clothing is looking for a new leader after public pressure from the company’s founder. Lululemon Athletica Inc, Appointments and Executive Changes, Shopping and Retail, Executives and Management (Theory), Vuori (Fashion Label), Alo Yoga (Alo LLC),

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Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years

Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud. Virtual Currency, TerraUSD, Luna, Entrepreneurship, Frauds and Swindling, Fugitives, Extradition, Computers and the Internet, Decisions and Verdicts, Kwon, Do,

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New Eli Lilly Drug Retatrutide Brought Major Weight Loss in Trial

The maker of Zepbound reported results from a study of retatrutide, which targets three hormones in the body and led to much more weight loss than any approved drug.The maker of Zepbound reported results from a study of retatrutide, which targets three hormones in the body and led to much more weight loss than any

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