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Business
Croatian retail giant Fortenova says it is close to ditching Russian owner
Stay informed with free updatesSimply sign up to the European companiesmyFT Digest -- delivered directly to your inbox.Croatian tycoon Pavao Vujnovac is expected to gain a…
Adelson, Dumont families excited for majority stake purchase of Mavericks: ‘Future is bright’
The Adelson and Dumont families have made a statement regarding their stunning acquisition of a majority stake in the Dallas Mavericks from Mark Cuban. Cuban reportedly…
Farfetch shares plunge despite talk of founder taking it private
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Farfetch fell by as much as 50 per cent on…
Mortgage demand rises again as rates drop to 10-week low
A key measure of home-purchase applications rose for the fourth straight week as an ongoing drop in mortgage rates reignited demand among consumers. The Mortgage Bankers…
Why are US banks hoarding liquidity?
Stay informed with free updatesSimply sign up to the US banksmyFT Digest -- delivered directly to your inbox.Remember when bank reserves were getting burnt up by the Fed’s…
Woman who threw food at Chipotle employee can work off jail time at fast-food restaurant, judge says
An Ohio woman convicted of assault for throwing her Chipotle order at an employee was given a unique opportunity to reduce her sentence. Parma Municipal Court Judge Timothy…
Heathrow: Ferrovial departure looks well timed
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ask Londoners who enjoy travelling, and Heathrow will be…
Millennial mortgage debt soars amid high interest rates: BofA
Millennials in particular seem to be hurting from higher mortgage interest rates after missing the window for historically-low rates during the pandemic, according to a recent…
Activist fund Elliott seeks board seats at oil refiner Phillips 66
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US oil refiner Phillips 66 has become the latest…
US Steel announces plans to lay off hundreds at southern Illinois mill
U.S. Steel issued layoff warnings to 1,000 employees of its Granite City, Illinois, mill this week, saying they expect to fire 60% of them due to indefinite idling of iron and…