China Evergrande Shares Fall After Developer Scraps Restructuring Plan
China Evergrande’s shares fell after the property developer scrapped a $35 billion debt-restructuring plan and said it is unable to issue new debt.
Hollywood Writers Reach Agreement with Studios, Streamers to End Strike
The deal, which still has to be ratified by members, could open the door to an agreement with the Screen Actors Guild.
Perdue and Tyson Under Federal Investigation Over Child Labor
The U.S. Labor Department probe follows a report that the poultry suppliers used contractors that employed migrant children as young as 13.
Meta to Push for Younger Users With New AI Chatbot Characters
Facebook’s parent is developing bots with personalities, including a “sassmaster general” robot that answers questions.
Qantas Warns on Higher Fuel Bill
Qantas Airways said its fuel bill for the first half of fiscal 2024 could increase by $128.82 million due to higher oil prices and a lower Australian dollar.
Ford’s Auto Workers in Canada Back Labor Deal With 15% Wage Bump
Contract talks with the union have been running parallel to UAW talks in the U.S.
Lululemon’s Secret Power: Even Mom Can’t Make It Uncool
The maker of workout gear built a multigenerational following. Can it last?
The Latest Twists in the Tensions Between Elon Musk and Tim Cook
Billionaire’s ambitions for his social-media company run up against Apple
Five Clues to Where the UAW Strike Is Headed Next
Carmakers face an escalating fight. Here’s what to watch for in the negotiations.
UAW Strikes at More GM and Stellantis Sites, but Spares Ford
Workers walked out at 38 GM and Stellantis parts-distribution centers, but the union spared Ford based on progress made in talks. President Biden will travel to Michigan Tuesday to join striking UAW members.
Source: Dow Jones Newswires