WASHINGTON — Lawmakers of both parties came out swinging in a hearing on Wednesday with Adam Mosseri, the head of Instagram, expressing deep skepticism and anger toward the company for not doing enough to protect young users. In a hearing held by a Senate subcommittee on consumer protection, lawmakers grilled […]
Business News
By JOE McDONALD, AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower Friday as a rally cooled and investors waited for U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. Shanghai, Tokyo, Hong Kong and Sydney retreated. Wall […]
SAN JOSE, Calif. — For the six days that Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, took the stand in her fraud trial, she blamed others, accused a former boyfriend of abusing and controlling her, and reframed her actions as trying to do good for her company. […]
By JOE McDONALD, AP Business Writer BEIJING (AP) — Financial markets can cope with the impact of a Chinese real estate developer that is struggling to avoid defaulting on $310 billion in debt, the central bank governor said Thursday, in a new effort to assure the public the economy can […]
DAKOTA, ILL. — Berner Food & Beverage LLC, a private label and contract manufacturing supplier of food and beverage products, has unveiled a new leadership team, including a new chief operations officer, chief financial officer and director of procurement, sales and operations planning, Alternative Medicine. Kelly Diamond has been promoted […]
HONG KONG — For months, as a troubled property company called China Evergrande spooked global markets with its financial problems, Beijing sat on the sidelines. Now, the government is taking a more hands-on role. Evergrande, the world’s most indebted property developer, said officials from several state-backed institutions had joined a […]