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Business
Morgan Stanley makes its choice: how Ted Pick won the succession race
Morgan Stanley chief executive James Gorman remembers being instantly impressed by Ted Pick the first time he saw him almost 20 years ago.It was during a 2006 town hall held by the…
Over 70 sickened in multi-state salmonella outbreak tied to onions
Federal health officials are investigating a multi-state outbreak of salmonella infections that has already sicked more than 70 people and sent over a dozen to the hospital. …
Standard Chartered misses profit expectations amid China property crunch
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Standard Chartered reported lower than expected profits…
Carnival found negligent in case stemming from cruise that led to early COVID outbreak
The federal court in Australia overseeing a class action case about a cruise by Carnival subsidiary Princess Cruises that experienced a COVID-19 outbreak has found Carnival…
The billionaires and the bank: the tussle at the top of Mediobanca
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Eighteen months ago, two billionaires lined up against…
JetBlue will fly customers to Ireland and Scotland in 2024
JetBlue will include flights to Dublin, Ireland, and Edinburgh, Scotland, beginning in 2024 as part of the air carrier’s transatlantic expansion, the company announced on…
Ford reaches deal with UAW to end strike and raise members’ wages
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The United Auto Workers and Ford reached a tentative deal…
Senate confirms first permanent FAA administrator in more than a year
The Federal Aviation Administration (FAA) has a new full-fledged administrator after a more than 18-month stretch in which the agency relied upon a series of acting chiefs…
Simplicity is key to avoiding a gap in investment returns
Morningstar calls its annual funds study the Mind the Gap report, using the warning introduced on the London Underground in the 1960s. They could equally well have used a phrase…
Billionaire predicts ‘probably recession’ in 2024, suggests US entering ‘7 lean years’ of…
Omega Advisors billionaire CEO and chairman Leon Cooperman warned Wednesday that while the U.S. economy is "doing fine" at the moment, there is risk of a recession in 2024.…