Time has run out to avert a strike at America’s unionized automakers. The United Auto Workers contracts expired at 11:59 pm ET on Thursday. The contracts covered 145,000 UAW members at the three companies: General Motors, Ford and Stellantis, which builds vehicles under the Jeep, Ram, Dodge and Chrysler brands for North America. With new […]
China property woes deepen as a big developer suspends debt payments
A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector. Sino Ocean, which says it’s one of the nation’s top 20 real estate developers, said in a stock exchange filing Friday that it would temporarily stop making payments on US dollar-denominated bonds, and suspend trading of them, as it […]
ABC News staffers ‘freaking’ out over reports Disney is in talks to sell the outlet
The Disney-owned newsroom was jolted on Thursday after a report suggested that the outlet could soon be expelled from the Magic Kingdom. Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media Group. The duo also reported that media mogul Byron Allen has also spoken with […]
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