The University of Cincinnati is investigating a claim that one of its professors referred to the coronavirus as the “Chinese virus” after a student reported that he had to miss a class because he was in self-isolation. Engineering student Evan
Opinion | How to Save Restaurants
Rebuilding the restaurant business requires a new model for its labor. Glenn Vaulx III preparing a take-out order at The Four Way in Memphis last week.Credit…Whitten Sabbatini for The New York Times Supported by By Priya Krishna Ms. Krishna is
Australia's AMP sparks buyout talk with companywide review
SYDNEY (Reuters) – Australian financial planning giant AMP Ltd (AMP.AX) said on Wednesday it was putting all its assets under review, setting in motion a potential sale or break-up of a company that has seen its profit and reputation weakened
Commentary: Why Trump’s border wall would backfire on him
The stalemate between Donald Trump and congressional Democrats over funding for the border wall has been politically damaging for the president. Most Americans blame him for the longest government shutdown in history. Plus he has been put in a difficult
Kadenwood buys EcoGen Lab to create $250 million CBD supplier
(Reuters) – California-based Kadenwood LLC said on Thursday it would buy EcoGen Laboratories as it looks to tap into rising demand for hemp-derived cannabidiol (CBD) products, while creating an integrated supplier worth about $250 million. CBD, a derivative of the
Indian government keen to speed up stake sale in four banks, sources say
NEW DELHI/MUMBAI (Reuters) – Indian Prime Minister Narendra Modi’s office has asked officials to speed up the process of trimming government stakes in at least four primarily state-owned banks within the current fiscal year, according to two officials familiar with
Sanofi in hunt for specialty drugs with $3.7 billion deal for U.S.-based Principia
PARIS (Reuters) – Sanofi’s Chief Executive Paul Hudson is dipping into coffers filled by recent disposals to buy U.S.-based Principia Biopharma Inc for $3.7 billion as he fills his medicine cabinet with speciality drug prospects from smaller companies. The acquisition,
K-Pop group BTS' label Big Hit posts profit jump as it prepares for IPO
SEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw a 27% jump in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic.
EssiLux case puts $8.5 billion GrandVision takeover in doubt
AMSTERDAM (Reuters) – EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its 7.2 billion euro ($8.5 billion) takeover of the Dutch eyewear stores operator. The French-Italian maker of Ray-Ban told a court
Veteran investor Bill Foley to raise $1.2 billion via new blank check company
(Reuters) – Veteran investor Bill Foley is seeking to raise $1.2 billion through the initial public offering (IPO) of a new blank check company, months after raising $1 billion through another special purpose acquisition company (SPAC). Foley Trasimene Acquisition Corp