Tag: Recessions and depressions
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
HONG KONG -- Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million)...
Senate committee to vote to hold Steward Health Care CEO in contempt
BOSTON -- Members of a Senate committee looking into the Steward Health Care bankruptcy said they plan to adopt two resolutions next week...
Sri Lanka's opposition leader says the rich will pay more if he becomes president next week
COLOMBO, Sri Lanka -- Sri Lanka’s opposition leader contesting the presidential election next week said Thursday that if he comes to power he...
LL Flooring reverses course and will keep hundreds of stores open after bankruptcy filing
NEW YORK -- After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores.The hardwood flooring retailer...
Asian shares trade mixed amid caution ahead of key US employment report
TOKYO -- Asian shares traded mixed Friday ahead of a highly anticipated U.S. jobs report that’s expected to influence how the U.S. Federal...
Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale
NEW YORK -- After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit...