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Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination

Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination

Two women filed a lawsuit against Nike, alleging it discriminated against them, the latest development in a workplace-culture scandal at the company that started this spring.

Published 2 months ago

For Uber and Airbnb, New York City Turns Foe

For Uber and Airbnb, New York City Turns Foe

Two measures in New York City could hamper Silicon Valley heavyweights Uber Technologies and Airbnb as they prep for potential initial public offerings expected as soon as next year.

Published 2 months ago

401(k) or ATM? Automated Retirement Savings Prove Easy to Pluck Prematurely

401(k) or ATM? Automated Retirement Savings Prove Easy to Pluck Prematurely

The retirement savings made possible for millions of Americans thanks to automatic enrollment in 401(k)-style plans is proving to be an alluring pool of money for workers to borrow from or cash out when they leave a job, according to new research, illustrating the difficulties changing financial behaviors.

Published 2 months ago

Inside a Texas Detention Facility for Immigrant Families

Inside a Texas Detention Facility for Immigrant Families

More than 25,000 immigrant mothers and children caught illegally crossing into the U.S. in the past 10 months have spent their first weeks in the country living in a sprawling compound of trailers, tents and playgrounds.

Published 2 months ago

Is Jeff Bezos Really the Richest of Them All?

Is Jeff Bezos Really the Richest of Them All?

With a fortune exceeding $150 billion, Amazon founder Jeff Bezos was recently declared the richest person in modern history. But is he?

Published 2 months ago

For Saudi Arabia’s Growing Hip-Hop Scene, It’s Tricky

For Saudi Arabia’s Growing Hip-Hop Scene, It’s Tricky

Saudi Arabia is easing its tight grip on popular culture as it tries to diversify the economy, and the kingdom is one of the biggest markets for rap music in the Arab world. Yet it is finding that rap, like other art forms, can be difficult to contain.

Published 2 months ago

U.S. Judge Authorizes Seizure of Venezuela’s Citgo

U.S. Judge Authorizes Seizure of Venezuela’s Citgo

A U.S. federal judge authorized the seizure of Citgo Petroleum to satisfy a Venezuelan government debt, a ruling that could set off a scramble among Venezuela’s many unpaid creditors.

Published 2 months ago

Turkish lira dive unsettles emerging market currencies

Turkish lira dive unsettles emerging market currencies

South African rand, Mexican peso and Polish zloty among those hit

Published 1 second ago

‘Complete lack of confidence’: analysts react to Turkish lira slump

‘Complete lack of confidence’: analysts react to Turkish lira slump

Turkish financial markets were hit with severe ructions on Friday morning as the lira plunged more than 10 per cent against the dollar, before recovering to some extent.

Published 1 second ago

Ericsson to expand 5G network in the US

Ericsson to expand 5G network in the US

Swedish telecoms company looks to take advantage of Chinese rivals’ trade woes

Published 1 second ago

The private equity boss who has to handle Elon Musk

The private equity boss who has to handle Elon Musk

As lead director of Tesla’s board, Antonio Gracias’s friendship with its billionaire chief is in focus

Published 1 second ago

Junichiro Koizumi: ‘I’m not strange. I’m extraordinary’

Junichiro Koizumi: ‘I’m not strange. I’m extraordinary’

Japan’s most popular PM on Elvis Presley, nuclear power — and why he doesn’t regret his support for the Iraq invasion

Published 1 second ago

Tesla Board’s Independence Is Tested by Musk’s Buyout Idea

Tesla Board’s Independence Is Tested by Musk’s Buyout Idea

Elon Musk’s surprising buyout idea for Tesla puts the spotlight on its board members, most of whom have close business or personal relationships with the electric-car company’s leader.

Published 2 months ago

Is Jeff Bezos Really the Richest of Them All?

Is Jeff Bezos Really the Richest of Them All?

With a fortune exceeding $150 billion, Amazon founder Jeff Bezos was recently declared the richest person in modern history. But is he?

Published 2 months ago

Parts Shortages Crimp U.S. Factories

Parts Shortages Crimp U.S. Factories

Factories in the U.S. are running short of parts. Suppliers of everything from engines to electronic components aren’t keeping up with a boom in U.S. manufacturing thanks to strong economic growth.

Published 2 months ago