Category: Business

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Credit Suisse Plans a Big Retreat From Wall Street

Shares in the Swiss banking giant tumbled after its executive team laid out the details of a long-awaited restructuring plan.  » mehr lesen

Kanye West Is Escorted From Skechers Offices, Company Says

The footwear company said Mr. West, also known as Ye, had been “engaged in unauthorized filming” at one of its corporate offices in Los Angeles.  » mehr lesen

A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.

The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.  » mehr lesen

Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes

The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank.  » mehr lesen

Lee Jae-yong, Samsung Heir, Elevated to Chairman After Jail Stint

Lee Jae-yong, the company’s longtime de facto leader, had been serving a prison term for bribery before being released on parole and later pardoned.  » mehr lesen

The Texas Tribune Names a New C.E.O.

Sonal Shah will take over from Evan Smith, who has run the nonprofit news organization since he co-founded it in 2009.  » mehr lesen

George T. Stagg Bourbon Will Return in 2022

The barrel-proof whiskey, made by Buffalo Trace Distillery in Kentucky, was missing from shelves last year because of quality issues.  » mehr lesen

Tech Stocks Tumble as Growth Falters

Disappointing earnings from Microsoft, Alphabet and Texas Instruments reveal the big challenges facing technology giants.  » mehr lesen

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