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Business
US law firms hand out bonuses and raise pay despite slowdown
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US law firms are ending 2023 with pay rises and bonuses…
Dave Calhoun’s Boeing turnaround efforts leave much for his successor to do
When Dave Calhoun took over as Boeing’s chief executive in January 2020, the company was in crisis. Four years later, with his expected successor starting her role as chief…
New York City movie-goers recount ‘disgusting’ AMC theater visits: ‘Rats running across our…
New York City moviegoers were sent running to the exits after what was supposed to be a leisurely experience devolved into a heart-racing horror. An AMC movie theater in the…
California to offer 700,000 illegal immigrants free healthcare as deficit soars and population shrinks
California is ushering in 2024 with free healthcare for more than 700,000 migrants living illegally in the Golden State as the state is faced with a looming $68 billion…
Hershey sued, accused of ‘deception’ in Reese’s Peanut Butter Pumpkins
A Florida woman is suing Hershey after she says she was deceived by the chocolate brand's packaging of its holiday-themed items. In a proposed federal class action lawsuit…
Stampede into money market funds sparks fee bonanza for asset managers
Record inflows into US money market funds in 2023 have triggered a multibillion-dollar fee bonanza for the asset management industry, which for years treated the product as a…
OpenAI raked in over $1.6 billion in revenue this year amid CEO Sam Altman drama
OpenAI raked in $1.6 billion in annualized income in 2023 according to The Information, which cited people with knowledge of the figure. The figure, up from $1.3 billion in…
McDonald’s Malaysia sues pro-Palestinian group for Israel boycott: report
A pro-Palestinian group which has been leading boycotts against companies it says are supporting Israel in its bombardment of Gaza, is being sued by McDonald's Malaysia for…
Toyota subsidiary shuts down production after admitting to decades of safety test ‘irregularities’
A Japanese car manufacturer has temporarily shut down production after admitting to decades of fraudulent safety test results. "We recognize the extreme gravity of these…
Fifa halts new regulations for football agents
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fifa has abruptly suspended new global regulations for…