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Built to Burn: Thousands of Buildings World-Wide Are Wrapped in Combustible Panels

Built to Burn: Thousands of Buildings World-Wide Are Wrapped in Combustible Panels

Experts say polyethylene-core panels, under investigation for their role in London’s deadly Grenfell Tower fire, endanger residents, workers, students, hospital patients and hotel guests in the U.S. and abroad.

Published 2 months ago

Martin Shkreli’s Legacy Upends a Creative Financier

Martin Shkreli’s Legacy Upends a Creative Financier

Martin Shkreli’s old company has turned into a dud investment for a financier who gained notoriety for​the wild ride taken by shares of DryShips.

Published 2 months ago

GM Posts Loss of Nearly $3 Billion

GM Posts Loss of Nearly $3 Billion

General Motors posted a net loss of nearly $3 billion in the third quarter, compared with a net profit of $2.8 billion a year earlier, with the bottom line pulled down by hefty costs from the sale of its European business and steep cutbacks in U.S. vehicle production.

Published 2 months ago

Wealthier Depositors Pressure Banks to Pay Up

Wealthier Depositors Pressure Banks to Pay Up

Large U.S. banks are starting to  pay up to keep depositors from moving their money, the latest sign that customers are growing more demanding as the economic recovery takes hold.

Published 2 months ago

WeWork Venture to Buy Lord & Taylor’s NYC Flagship Store for $850 Million

WeWork Venture to Buy Lord & Taylor’s NYC Flagship Store for $850 Million

Real-estate startup WeWork has struck a deal to acquire Lord & Taylor’s flagship New York City store for $850 million, a move that will convert the landmark building into the startup’s headquarters next year.

Published 2 months ago

Florida Nursing Homes Push Back on New Rules After Hurricane Irma Deaths

Florida Nursing Homes Push Back on New Rules After Hurricane Irma Deaths

Florida’s elder-care industry is mounting legal challenges to new rules Gov. Rick Scott ordered after eight patients from a nursing home that lost central air-conditioning died following Hurricane Irma.

Published 2 months ago

Big Mall Operator Bets That America Needs a New Mall

Big Mall Operator Bets That America Needs a New Mall

This summer, GGP broke ground on a new shopping mall, a seemingly risky venture in a world where retailers are closing hundreds of stores and malls across the country are trying to reinvent themselves.It could be one of the last enclosed malls ever built in the U.S.

Published 2 months ago

As ‘New Era’ Dawns, Xi’s Party Stays Out of the Sun

As ‘New Era’ Dawns, Xi’s Party Stays Out of the Sun

In China, Communist Party secrecy is accepted as a fact of life. As Beijing’s influence grows under Xi Jinping, the rest of the world will have a harder time with this arrangement.

Published 2 months ago

L.A. Times’s New Chief Plots Changes and Woos a Beleaguered Newsroom

L.A. Times’s New Chief Plots Changes and Woos a Beleaguered Newsroom

Ross Levinsohn, a 54-year-old media veteran whose resume includes stints at Yahoo and News Corp, is taking over the newspaper after a decade of leadership turnover and staff cuts.

Published 2 months ago

U.S. to Allow Refugees From All Countries but With New Rules

U.S. to Allow Refugees From All Countries but With New Rules

The Trump administration will allow refugee admissions to the U.S. to resume for all countries but with new rules meant to better vet applicants, administration officials and others familiar with the planning said.

Published 2 months ago

ECB Must Strike Right Balance in Scaling Back Bond Purchases

ECB Must Strike Right Balance in Scaling Back Bond Purchases

European Central Bank President Mario Draghi overcame fierce resistance three years ago to roll out a historic bond-buying program. Ending it could be an even more delicate task.

Published 2 months ago

China’s Xi Jinping Elevated to Mao Zedong Status

China’s Xi Jinping Elevated to Mao Zedong Status

China’s Communist Party concluded a pivotal congress by amending its charter to adopt a political ideology named after President Xi Jinping, granting him authority on a par with Chairman Mao.

Published 2 months ago

Mecca Swindlers Prey on Pilgrims, Testing Faith in Authority

Mecca Swindlers Prey on Pilgrims, Testing Faith in Authority

A high-profile case of alleged fraud in Indonesia’s pilgrimage-to-Mecca industry has provided political ammunition to hard-line Islamists gaining sway in the country and challenging President Joko Widodo.

Published 2 months ago

Sears Stops Selling Whirlpool Appliances

Sears Stops Selling Whirlpool Appliances

Sears Holdings Corp. will no longer sell Whirlpool Corp. appliances after a pricing dispute and changing market dynamics fractured a partnership that stretched back more than a century.

Published 2 months ago

Russia State News Outlet RT Thrives on YouTube, Facebook

Russia State News Outlet RT Thrives on YouTube, Facebook

Although Google, Facebook and Twitter have spent months trying to ferret out covert Russian influence on their sites, RT, which intelligence officials call a top Kremlin propaganda tool, uses their social-media platforms as the main distributors of its content.

Published 2 months ago