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Business
FDA raises Costco egg recall to highest risk level over salmonella fears
Hundreds of thousands of eggs sold at Costcos that were part of a recall issued last month have a "reasonable" likelihood that consumption may cause serious health problems or…
What to expect in luxury in 2025
This year the financial results from the world’s biggest luxury players have largely brought bad news, their shine dimmed by a sector-wide slowdown following a multiyear sales boom…
Singapore Post must move swiftly to rebuild credibility
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A whistleblowing report has rocked one of Singapore’s…
UK Serious Fraud Office spent £16mn on botched Unaoil investigation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK Serious Fraud Office spent £16.2mn on its botched…
FedEx looks to deliver value by uncoupling freight trucking division
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Corporate spin-offs are all the rage. FedEx is the latest…
Nordstrom going private in $6.25B deal with founding family, Mexican retailer
The family that founded Nordstrom and El Puerto de Liverpool are buying Nordstrom, paving the way for the retailer to return to operating as a privately held company.…
The SEC’s distressed debt dragnet
Public debt markets are more opaque and concentrated than equity markets. Does that make them more prone to securities fraud? The SEC might be trying to find out.On Friday, MainFT…
Teamster driver vows to 'hit Amazon hard,' making case for strike ahead of Christmas: 'Tired of being…
Teamster drivers have expanded their strike against Amazon mere days before Christmas, and thousands are staying strong, vowing to hold out for as long as it takes to bring…
2,000 jobs set to be lost in Aviva’s £3.7bn takeover of Direct Line
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Up to 2,300 jobs could be lost through the £3.7bn…
The Container Store files for bankruptcy, insists it's here to stay
The Container Store filed for Chapter 11 bankruptcy protection on Sunday in an attempt to save the business and ensure future profitability. The move had been anticipated by…