‘Pharma Bro’ Martin Shkreli Goes On Trial For Securities Fraud – NPR

‘Pharma Bro’ Martin Shkreli Goes On Trial For Securities Fraud – NPR

Martin Shkreli, the former Turing Pharmaceuticals executive, arrives for the first day of jury selection in his federal securities fraud trial Monday at U.S. District Court in Brooklyn, N.Y. Timothy A. Clary/AFP/Getty Images hide caption toggle caption Timothy A. Clary/AFP/Getty Images Martin Shkreli, the former Turing Pharmaceuticals executive, arrives for the first day of jury […]

How a Rising Minimum Wage Affects Jobs in Seattle – New York Times

The Berkeley study focused on the restaurant industry because of the high proportion of restaurant workers who are paid the minimum wage. It found that for every 10 percent that the minimum wage rose, wages in the industry rose nearly 1 percent, and that there was no discernible effect on employment. Advertisement Continue reading the […]

Japanese airbag maker Takata files for bankruptcy, gets Chinese backing – Reuters

Japan’s Takata Corp (7312.T), at the center of the auto industry’s biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of […]

China jails top casino exec over gambling crimes – CNNMoney

China’s crackdown on gambling has resulted in prison for a senior Australian casino executive and 15 of his colleagues. A Shanghai court on Monday sentenced Jason O’Connor, the head of Crown Resorts’ international unit for high-rolling gamblers, to 10 months in prison on gambling charges, the company said. China jails top casino exec over gambling […]

Takata files for US Chapter 11 bankruptcy in Delaware, expected to file in Japan soon – CNBC

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Italy winds up Veneto banks at cost of up to 17 billion euros – Reuters

MILAN/ROME Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros ($19 billion) and will leave the lenders’ good assets in the hands of the nation’s biggest retail bank, Intesa Sanpaolo. The government will pay 5.2 billion euros to Intesa, and give […]