America’s job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers and a flagging interest in hiring more ‘knowledge-based’ professionals. The evidence can be found in the data, which shows a higher unemployment rate for professional and business services workers, and a lower one for people who work in manufacturing. ‘It’s ...
Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR, awaits word from Paramount’s special committee on ...
Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another increase after the prior month’s annual gain of 6%, according to the S&P CoreLogic Case-Shiller national home price index released Tuesday. It was the fastest rate of price growth since ...
Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval of the claimants. Those cases have for decades caused financial and public relations trouble for J&J, which contends that its now-discontinued talc baby powder and ...
China launched an uncrewed lunar mission Friday that aims to bring back samples from the far side of the moon for the first time, in a potentially major step forward for the country’s ambitious space program. The Chang’e-6 probe – China’s most complex robotic lunar mission to date – blasted off on a Long March-5 rocket from the Wenchang Space Launch ...
Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. With around a third of the results declared, the loss of more than 100 seats on local councils and one parliamentary seat in a by-election suggest that national ...
A prominent surgeon in Gaza has died in an Israeli prison after being held for more than four months, according to Palestinian prisoners’ groups, which decried his death as part of a “systematic targeting” of health care workers. Dr. Adnan Al-Bursh, head of orthopedics at Al-Shifa Hospital in Gaza City, was declared dead by Israeli prison authorities on April 19, according to a joint ...
Demonstrations in solidarity with Palestinians under Israeli siege in Gaza have spread across university campuses in the United States and around the world in recent weeks. More than 2,000 people have been arrested at US campuses since April 18, amid polarized debates over the right to protest, the limits of free speech and accusations of antisemitism. But while clashes and standoffs with ...
A violent hailstorm wreaked havoc on vineyards in Chablis in the famous French wine region of Burgundy Wednesday evening, delivering another weather blow to already hard-hit local Chardonnay winemakers. Huge hailstones, ranging from the size of a ping pong ball to the size of a lime, rained down on north Burgundy, with Chablis particularly badly affected, according to French weather agency ...
Dozens of Palestinian children eagerly lined up for a meal in Deir al-Balah, in central Gaza, as aid workers unloaded huge saucepans of stew and rice from parked trucks under the bright sun. The World Central Kitchen, a US-based non-profit that focuses on fighting hunger around the world, resumed work in Gaza this week, after a hiatus following a series of ...