Bloomberg Business

Macau ordered all casinos to close late Friday as Typhoon Saola wreaked havoc across the city, a rare shutdown in the world’s largest gambling hub.

Mohamed Al Fayed, the Egyptian businessman who began his career selling drinks on the streets of Alexandria and amassed a fortune that included some of Britain’s most storied assets, has died. He was 94.

Carvana Co. has completed its debt restructuring with a majority of creditors agreeing to participate in the deal, slashing about $1.3 billion of debt and saving the company more than $455 million of interest expense annually over the next two years.

Charter Communications Inc., the No. 2 US cable TV provider, declared war on Walt Disney Co., saying it can no longer live with rising fees for ESPN and other programming.

Intuit Inc.’s promotion of some of its tax preparation services as free was found to be deceptive in a legal case brought by the Federal Trade Commission, according to the company.

Private equity giant Blackstone Inc. is the latest addition to the S&P 500 Index, the first alternative asset manager to join the equity gauge. Airbnb Inc. is added as well.

Ripple Labs objected to the Securities and Exchange Commission’s request to appeal a federal judge’s ruling that cryptocurrency wasn’t a security when sold to the public.

The Bank of Canada will make its final rate increase in October after a pause next week, says Goldman Sachs Group Inc.

China’s reliance on coal — and how to reduce it — was a key topic of discussion at an international group this week as nations work to solve one of the thornier global climate issues, Canadian Environment Minister Steven Guilbeault said.

Former Sculptor Capital Management Inc. chief Rob Shafir, one of firm’s largest shareholders, is opposing its proposed sale to Rithm Capital Corp. because he said he views a competing bid as more attractive.