Sunday, 14 Apr 2024

Business

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Meati Foods, plant-based protein producer, to cut 20% of its positions

Following the launch of its products in Whole Foods stores nationwide, Meati Foods, which makes plant-based meat alternatives, is cutting about 20% of its positions to focus on becoming more profitable. The Boulder-based startup announced the cutbacks Tuesday. Scott Tassani, president and chief operating officer of Meati, said while about 60 positions will be eliminated, […]

NPR C.E.O. to Retire at Year’s End

NPR’s chief executive, John Lansing, said on Tuesday that he would retire at the end of the year, ending a rocky four years atop the public broadcaster. In an email to the staff on Tuesday, Mr. Lansing said that he had informed the board of his decision in May, and that NPR was now in […]

Mohamed al-Fayed, Tycoon Whose Son Died With Diana, Is Dead at 94

Mohamed al-Fayed, the Egyptian business tycoon whose empire of trophy properties and influence in Europe and the Middle East was overshadowed by the 1997 Paris car crash that killed his eldest son, Dodi, and Diana, the Princess of Wales, died on Wednesday. He was 94. His death was confirmed on Friday in a statement by […]

U.S. Does Not Want to ‘Decouple’ From China, Commerce Chief Says

High-ranking United States and Chinese officials held a series of economic policy meetings on Tuesday in Beijing, in the latest sign that both countries are trying to stop the long deterioration in their relationship and restore communications. Gina Raimondo, the U.S. commerce secretary, and other top officials from her department on Tuesday afternoon met with […]

U.S. and China Agree to Broaden Talks in Bid to Ease Tensions

The United States and China on Monday agreed to hold regular conversations about commercial issues and restrictions on access to advanced technology, the latest step this summer toward reducing tensions between the world’s two largest economies. The announcement came during a visit to Beijing by Gina Raimondo, the U.S. commerce secretary, who is meeting with […]

Opioid Maker’s Bankruptcy Plan Would Cut Payments to Victims by $1 Billion

A major opioid manufacturer that had promised to pay $1.7 billion as compensation over its role in the opioid crisis disclosed on Wednesday that it had reached an agreement with its creditors to reduce the settlement payments by $1 billion. The manufacturer, Mallinckrodt Pharmaceuticals, had originally agreed to pay the $1.7 billion over eight years […]

Shein and Forever 21 Team Up in Fast-Fashion Deal

Shein, the e-commerce retailer founded in China, is partnering with the parent of Forever 21 to expand its reach into Americans’ closets. The tie-up will bring together two of the biggest names in the fast-fashion sector online and in malls across the country. As part of the agreement, Shein could one day operate stores-within-stores at […]

Biden’s New Student Loan Repayment Plan Is Open. Here’s How to Enroll.

Borrowers who are buckling under the pressure of their federal student loans have a new option to significantly cut their payments, eventually by as much as half. The Biden administration’s new income-driven repayment plan known as SAVE opened for enrollment today, providing millions of borrowers with a more affordable way to pay their monthly student […]

Microsoft Offers British Regulators Changes to Activision Deal

The News British antitrust officials said on Tuesday that they were reviewing a revised offer by Microsoft to win approval of its $69 billion merger of Activision Blizzard, an effort to clear the biggest remaining regulatory hurdle to the major video games deal. To address the concerns of British regulators that the deal would stunt […]

China Is on Edge as Fallout From Its Real Estate Crisis Spreads

A model Chinese property developer in a sector replete with risk takers is teetering on the edge of default. Short of cash, one of China’s biggest asset managers has missed payments to investors. And billions of dollars have flowed out of the country’s stock markets. In China, August has been a dizzying ride. What started […]