PacWest to Be Sold to Banc of California in Latest Rescue Deal
PacWest Bancorp is being bought by smaller rival Banc of California as it seeks to navigate a bout of upheaval that brought down a handful of its peers.
Bloomberg Business
Harvard Faces Federal Probe Over Legacy Admissions Complaint
The US Education Department’s Office for Civil Rights is investigating whether Harvard University discriminates by giving preference to undergraduate applicants with connections to donors and alumni, according to a letter by the agency.
Oil Holds Gains in Light Trading as China Looks to Boost Economy
Oil held its recent gains in light trading, helped by tighter supplies and optimism that China’s government will boost the country’s economy.
China’s New Foreign Minister Wang Yi Has Longstanding Ties With US Counterparts
Biden administration officials have a longtime, if sometimes combative, relationship with Wang Yi, the veteran Chinese diplomat who is returning as foreign minister after the unexplained ouster of his successor.
US to Drop Charges Against Three in Government Insider Case
US prosecutors agreed to drop charges against the former “King of Political Intelligence” and two others for allegedly trading on secret government information, six years after they were first charged.
Deutsche Bank Unveils $500 Million Buyback in Payout Push
Deutsche Bank AG will resume share buybacks of as much as €450 million ($500 million) this year, part of a pledge by Chief Executive Officer Christian Sewing to return capital to shareholders over several years.
NYC’s Rat Crackdown Marks Early Victory as Complaints Drop 20%
New York City’s battle against rats is showing early signs of success, with complaint calls about the rodents down 20%.
Ron DeSantis Lays Off More Than a Third of His 2024 Campaign Staff
Florida Governor Ron DeSantis’s presidential campaign has now laid off a third of his staff, accelerating job cuts as he tries to get his struggling bid for the Republican nomination back on track.
Twitter Turning Into X Set to Kill Billions in Brand Value
It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
Eight Convicted for Role in Belgium’s Deadliest Terror Attack
Eight men were found guilty for their roles in the Islamic State’s 2016 Brussels attacks that killed 32 people and injured hundreds in Belgium’s deadliest terrorist atrocity.
