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Business
Realtors reach settlement that will change how Americans buy and sell homes
The National Association of Realtors has reached a nationwide settlement of claims that the industry conspired to keep agent commissions high, it said Friday, a deal set to…
Reckitt shares plunge after $60mn damages over baby formula
Stay informed with free updatesSimply sign up to the Retail & Consumer industrymyFT Digest -- delivered directly to your inbox.Reckitt’s share price plummeted as much as 20…
Inflation pops, Boeing battered, TikTok in play and Bernie Sanders flips out
-Wall Street wraps up a down week, but bitcoin investors keep celebrating -Boeing's reputation is taking another beating -Inflation creeping higher as Treasury Secretary…
Soho House says accounting review shows ‘no material issues’ after short-seller report
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Soho House has reported another annual loss and rising…
Nantucket beachfront home sells for an absurdly low price, but there’s a catch
A house on the beach in Nantucket, Massachusetts, was purchased for a stunningly low price in a recent real estate transaction, the Nantucket Current reported. The sale price…
Two paths for profits
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.It isn’t just US large-cap companies hanging on to near-record…
Federal government wants McDonald’s broken-down ice cream machines fixed
The U.S. government is demanding that constantly broken-down soft serve ice cream machines at McDonald’s and other fast-food restaurants be more easily fixable. In a letter to…
Gerald Levin, AOL-Time Warner executive, 1939-2024
Long before he became known as the architect of the AOL-Time Warner merger in January 2000 — generally considered the worst deal in business history — Gerald “Jerry” Levin was…
Prosecutors want a 40- to 50-year prison sentence for Sam Bankman-Fried
Sam Bankman-Fried should spend 40 to 50 years in prison after being convicted of stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange,…
South Africa’s infrastructure crisis deepens as Johannesburg taps run dry
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Parts of South Africa’s largest city have been without…