business

German government agrees nationalization deal for energy giant Uniper

Uniper has received billions in financial aid from the German government as a result of surging gas and electric prices following Russia’s war in Ukraine. Picture Alliance | Picture Alliance | Getty Images The German government on Wednesday agreed to the nationalization of utility Uniper as it strives to keep the industry afloat in the …

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Columbia University acknowledges submitting inaccurate data for consideration in college rankings

CNN Business — Columbia University said that it relied on “outdated and/or incorrect methodologies” in submitting data to US News & World Report for consideration in the publication’s 2021 college rankings, according to a statement released by the university Friday. “The Columbia undergraduate experience is and always has been centered around small classes taught by …

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SL Green takes control of Park Ave. office tower from bankrupt China firm

Pressing its campaign to establish a formidable East Midtown core, SL Green added another trophy to its burgeoning portfolio. The city’s largest commercial landlord purchased 245 Park Avenue out of bankruptcy in a deal that closed on Friday. SL Green’s unexpected, 100% acquisition of the 48-story, 1.8 million square-foot office tower climaxed a grueling battle …

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As small businesses raise prices, some customers push back

NEW YORK (AP) — Inflation isn’t only costing small businesses money. It’s costing them customers as well. At the Bushwick Grind Cafe in Brooklyn, New York, Kymme Williams-Davis has raised prices and switched to different types of goods to keep up with the rising costs of milk, coffee, paper goods and plastic, as well as …

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Goldman Sachs yanks ‘free coffee’ perk as bankers return to five-day week

It’s time for Goldman Sachs bankers to wake up and smell the coffee — and pay for it, too. As employees filed into the Wall Street giant’s headquarters in lower Manhattan last Tuesday for a mandatory return to a five-day work week, they got an unwelcome surprise: The “free coffee” station had been wheeled away, …

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Additional types of cancer reported in people with breast implants, FDA says

CNN — The US Food and Drug Administration is alerting the public about certain cancers – including squamous cell carcinoma and various lymphomas – that have been reported in the scar tissue that forms around breast implants. The FDA announced Thursday that although it believes that occurrences of squamous cell carcinoma and various lymphomas in …

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‘Succession’: The Roys have more than a few similarities with the Murdochs

CNN — “Succession” drops viewers into the high-stakes world of running a media empire and all the top-secret deals, attempted coups and shocking scandals that comes with it. The actors and creators of the award-winning series, which will compete for more statues at Monday’s Emmy Awards, insisted that the characters are inspired by a long …

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Guaranteed jobs: Mortuary schools see jump in enrollment amid funeral industry worker shortage

Colleges specializing in funeral service education are growing enrollment amid a dearth of workers in the funeral services industry. “The shortage is so serious right now that there’s a 90% job placement rate for graduates of these programs,” said Leili McMurrough, program director at Worsham College of Mortuary Science in Wheeling, Illinois, one of the …

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Americans’ view of business sector hits 14-year low

Americans’ opinion of businesses plunged this year amid historic inflation, according to a Gallup poll released Friday. The survey found that 36 percent of Americans have a positive view of businesses, down from 45 percent before the pandemic. That’s the lowest mark since the Great Recession in 2008. The sour mood appears to stem from …

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