Huarong Debacle Highlights Problems at Hundreds of Chinese Banks

Huarong Debacle Highlights Problems at Hundreds of Chinese Banks

Lai Xiaomin, former chairman of China Huarong Asset Management Co., was found guilty of accepting $277 million in bribes, as well as bigamy, crimes serious enough to see him summarily executed in January. Such extreme behavior — and consequences …
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Three baby products recalled over safety concerns

Three separate recalls are in effect for baby products, all of which pose a choking hazard. The “Firefly Frank Infant Teethers” are being recalled because the plastic wings can detach. They were sold at Target stores. Playgro is recalling “Clip Clop Infant Activity …
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Mega Millions, Powerball jackpots nearly $320 million combined; Thursday's Ohio Lottery results

Classic Lotto draws at 7:05 p.m. on Mondays, Wednesdays and Saturdays. The odds of winning the jackpot with a $1 ticket are 1-in-13,983,816.
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It has nearly 2 million customers, but Citi is ditching its banking operations in Australia

Global bank Citigroup has put its consumer banking business up for sale in Australia and 12 other countries, including India and China, as it focuses on more profitable parts of its business like investment banking.
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Capital Calls: Delta flies cash-flow positive

After five straight quarterly losses, boss Ed Bastian foresees a return to profitability in the third quarter. Delta’s shares slipped read more , but nonetheless it signals the beginning of the end of the pandemic. It …
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