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McKinsey Is Shutting Down Its Restructuring Business
Business

McKinsey Is Shutting Down Its Restructuring Business

Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar

After Credit Suisse, Chinese Banks Aren’t a Great Safe Harbor
Finances

After Credit Suisse, Chinese Banks Aren’t a Great Safe Harbor

Markets Heard on the Street Shares of Chinese lenders are cheap for good reason Source link

GM Says 5,000 White-Collar Workers to Depart Through Buyouts
Business

GM Says 5,000 White-Collar Workers to Depart Through Buyouts

The auto maker initiated the reduction as part of an effort to cut $2 billion in costs by the end of 2024. Source link

Lower Job Openings Could Be Welcome Sign for Economy
Finances

Lower Job Openings Could Be Welcome Sign for Economy

All those tech layoffs are starting to show up in employment statistics, but they still show little sign of spreading to other sectors. Source link

Miami Heat Have a New Arena Sponsor After FTX Collapse
Business

Miami Heat Have a New Arena Sponsor After FTX Collapse

Business Local software company Kaseya agrees to $117 million naming-rights deal Source link

Apartment-Building Sales Drop the Most in 14 Years
Business

Apartment-Building Sales Drop the Most in 14 Years

Interest-rate increases and banking turmoil push down demand for multifamily buildings. Source link

Frank Founder Faces Criminal Fraud Charges Over JPMorgan Deal
Finances

Frank Founder Faces Criminal Fraud Charges Over JPMorgan Deal

Markets Finance Prosecutors say college financial-aid company executive lied about her customer count to land $175 million deal Source link

TikTok Fined $15.8 Million by U.K. Regulator for Misuse of Children’s Data
Business

TikTok Fined $15.8 Million by U.K. Regulator for Misuse of Children’s Data

Tech Social-media platform failed to remove underage users, authorities say Source link

Housing Is Turning Out to Be a Lousy Shelter for Investors
Finances

Housing Is Turning Out to Be a Lousy Shelter for Investors

Apartments have been the second-worst performing type of real estate in the U.S. after offices over the past year. Source link

U.S. Job Openings Dropped in February
Business

U.S. Job Openings Dropped in February

The number of job openings fell below 10 million for the first time in nearly two years, a sign that employers’ demand for workers eased.