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Business

Senate passes bill to oversee Chinese companies, Alibaba shares move lower

US and Chinese flags seen at the US State Department on May 23, 2018. Brendan Smialowsk AFP | Getty images This is news. See again for updates,, The U.S. Senate passed legislation Wednesday that could ban many Chinese companies from listing on U.S. stock exchanges or collecting money from U.S. investors without adhering to Washington’s regulatory and auditing standards. The …

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Two Americans wanted by Japan arrested for fleeing Carlos Ghosn

U.S. law enforcement has arrested two U.S. men, including a former Special Forces soldier wanted by Japan for their alleged involvement in helping former Nissan Motor chief Carlos Ghosn flee the country in December. The Massachusetts District Attorney’s Office said 59-year-old Michael Taylor and his 27-year-old son Peter Taylor were detained in the country in response to a request for …

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The CDC has reopened the guidelines, voters divided by risk

Sectors of the US economy are beginning to show signs of recovery, with more and more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday read more about the Federal Reserve’s latest decision with the release of the minutes of the central bank meeting. The Fed has …

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Rolls-Royce cuts 9,000 jobs due to coronavirus crisis in aviation

“We are proposing a major reorganization of our business to adapt to the new level of demand we are seeing from customers,” the company said in a statement on Wednesday. “As a result, we expect the loss of at least 9,000 roles in our global workforce of 52,000.” Rolls Royce (RYCEF) said his civil aerospace business, which is concentrated in …

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The workers are suing McDonald’s for coronavirus precautions

A group of McDonald’s employees in Chicago on Tuesday filed a group action lawsuit alleging that the fast food chain had not adopted government safety guidelines to protect workers in the wake of the coronavirus epidemic, Reuters reported. The trial accuses McDonald’s of failing to provide enough disinfectants, gloves and masks. He also claims that the company did not contact …

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CVS Health is returning $ 43 million in coronavirus support

In a letter Tuesday to Health and Human Services Minister Alex Hazard, CVS CEO Larry Merlot said his company had received the funds as part of the CARES Supplier Support Fund. He said that this was an automatic distribution from HHS and that CVS did not ask for the money. The fund provides $ 175 billion to hospitals and health …

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