Today's Top Story
'Pharma Bro' firm reaches $40M settlement in gouging case
A company once owned by “Pharma Bro” Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4 ,000% after obtaining exclusive rights to the drug Read More
Business News
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Major outage at Amazon disrupts businesses across the US
Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites
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Kellogg's union rejects deal with 3% raises to extend strike
Kellogg’s workers have overwhelmingly rejected a new contract that would have given them 3% raises, so the strike that began Oct. 5 will continue at the company’s four U.S. cereal plants
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American CEO Parker becomes latest airline chief to exit
American Airlines CEO Doug Parker will retire next March and be replaced by the airline's current president, Robert Isom
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Economic News
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Asian shares advance as easing virus fears boost Wall St
Stocks have advanced in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy
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Japan economy contracts 3.6% in 3Q on weaker spending, trade
Japan has downgraded its growth estimate for the last quarter, saying weaker consumer spending and trade resulted in a 3.6% contraction
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Japan economy contracts 3.6% in 3Q on weaker spending, trade
Japan has downgraded its growth estimate for the last quarter, saying weaker consumer spending and trade resulted in a 3.6% contraction
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Money News
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Asian shares advance as easing virus fears boost Wall St
Stocks have advanced in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy
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Biden to withdraw embattled banking regulator nominee
President Joe Biden says Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency will be withdrawn
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EXPLAINER: Chinese builder’s debt struggle rattles investors
Global investors are watching nervously as one of China’s biggest real estate developers tries to avoid a default on its $310 billion mountain of debt
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