A Denver judge has ordered that $174,000 belonging to accused fraudster Steve Bachar must be split among people he owes $5.5 million to rather than be returned to him. District Court Judge Kandace Gerdes’ order ends a four-month-long dispute involving a restitution check, a theft victim who didn’t want it and several unrelated victims who […]

Politico said Monday that its top U.S. editor was stepping down and would be replaced by one of the publication’s co-founders, John Harris, who will also take on additional responsibilities for Politico’s international editions. Matt Kaminski, who joined Politico nearly a decade ago from The Wall Street Journal, will conclude his tenure as editor in […]

Insurers are trapped in a riddle: In a world where the risk of costly disasters is rising but high premiums are squeezing policyholders and angering state regulators, how can they continue to make money? That question was at the center of the decision by Farmers Insurance this week to stop renewing almost a third of […]

The gleaming skyscrapers of London’s east skyline, built almost 40 years ago, are home to the headquarters of the world’s biggest banks and tens of thousands of their office workers. But when the workweek starts these days, the towers in Canary Wharf are quieter and the nearby restaurants are emptier — the result of a […]

China, which has lent nearly $1 trillion to some 150 developing countries, has been reluctant to cancel large debts owed by countries struggling to make ends meet. That is at least in part because China is facing a debt bomb at home: trillions of dollars owed by local governments, their mostly off-the-books financial affiliates, and […]

Online subscriptions of all kinds have been mushrooming in recent years. While signing up is easy, managing and cutting them back is difficult, even for savvy consumers. Clark Howard, a longtime cost-cutting guru from Atlanta, recently realized he was paying for a streaming service even though his household received the service free from the home’s […]

Mike Cavanagh is beginning to put his stamp on NBCUniversal. Mr. Cavanagh, who took over the company in April, is expected to give Donna Langley, the company’s films chief, sweeping supervision over creative decisions for the company’s entertainment content, including films and TV shows for its Peacock streaming service, according to three people familiar with […]

At her confirmation hearing in early 2021, Treasury Secretary Janet L. Yellen struck a tough tone on China, describing it as America’s most important strategic competitor and pledging to confront its “abusive, unfair and illegal practices” that she said were harming businesses and workers in the United States. Since then, Ms. Yellen has emerged as […]

The News Volkswagen is replacing the chief executive at its luxury brand Audi, naming Gernot Döllner to take over from Markus Duesmann, as the company seeks to accelerate its transition to electric vehicles. Mr. Döllner, who has served as Volkswagen’s leading strategist, will start his new role on Sept. 1, Audi said in a statement […]

A days-long disruption of flights into and out of the Greater New York area is raising concerns about how prepared airlines are for the upcoming 4th of July holiday, a weekend forecast to see record numbers of air travelers. More than 4 million Americans are estimated to fly this holiday period, according to the AAA, […]