One morning in late June, criminal agents from the Internal Revenue Service made unannounced visits to dozens of wealthy Americans. They carried summonses and wanted to ask about pension plans in Malta on the IRS “Dirty Dozen” scams list.
American Airlines Group Inc. is in talks with Airbus SE and Boeing Co. to order at least 100 narrowbody jets to replace some of the oldest aircraft in its fleet, according to people familiar with the matter.
IndiGo, India’s biggest airline, posted record quarterly profit in the three months through June, as the demand for travel surged and a smaller competitor’s insolvency funneled a windfall of business.
Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things were a year ago: Goldman Sachs Group Inc. President John Waldron called 2022 “particularly strong.” Citigroup Inc. boss Jane Fraser said “everything was firing on all cylinders.”
When tiny Cazenovia College announced it was shutting its doors for good in late June, it became just the latest example of the mounting economic crisis facing countless private institutions in the US today.
The founder of Thailand’s biggest wind power firm can recover more than $800 million over allegations he faced political pressure and was forced to sell his shares at a massive discount after he fled to Europe, a London judge ruled.
Humana Inc. shares jumped Wednesday after the insurer said an uptick in medical costs it warned about in June was stabilizing.
A body found in Brooklyn’s Newtown Creek was identified as a Goldman Sachs Group Inc. analyst who went missing over the weekend, the New York Police Department said.
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision to downgrade the US given signs of resilience in the world’s largest economy.
CVS Health Corp. warned investors that profit over the next two years will be hurt as medical expenses rise in its insurance unit and the company cuts costs amid a shift to widened services.
