Cosmetics Maker Revlon Nears Chapter 11 Filing
Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and…
Gupta Brothers Arrested in Dubai, Offering Relief for South Africa’s Embattled President
Dubai police arrested two brothers at the center of a sprawling government graft scandal in South Africa, offering some relief to that country’s embattled president, Cyril Ramaphosa, and his sputtering…
Thomas S. Murphy Built TV Empire With Help From a Pal, Warren Buffett
Thomas S. Murphy, a jovial Brooklyn native who liked to call people “pal” or “kiddo,” had a talent for making and keeping friends. One of them was Warren Buffett. In…
Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm
Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned by billionaire Prince al-Waleed bin Talal, further intertwining the government with a high-profile investor who was once detained…
China Lockdown and Dye Shortage Lead Hospitals to Cancel Medical Scans
China’s Covid-19 pandemic lockdowns have led to a shortage of a dye widely used in medical scans, prompting U.S. hospitals including the Mayo Clinic to ration supplies, postpone procedures or…
At Tech Companies, the Rebellion Against the Return to the Office Is Getting Serious
Some of the economy’s most in-demand employees are about to find out how much power they have over where and how they work. After months of return-to-work starts and stops,…
Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle
TARANTO, Italy—Chinese wind-turbine makers have grown big on the back of their rapidly growing home market. Now they want to expand abroad, putting further pressure on Western wind-turbine makers, which…
Remote Workers Don’t Want to Go Back to the Office
Some of the economy’s most in-demand employees are about to find out how much power they have over where and how they work. After months of return-to-work starts and stops,…
Smart Office Buildings Can Help Sniff Out Viruses but Are Vulnerable to Hacks
A camera recognizes employees’ faces and hails an elevator programmed to bring them to their floor. Sensors on the walls measure particles and CO2 levels in meeting rooms, pumping in…
Facing a Wheat Crisis, Countries Race to Remake an Entire Market on the Fly
The war in Ukraine was barely a month old when Augusto Bassanini, chief executive of United Grain Corp., received an unusual signal from the global wheat market. The Washington-based grain…
