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Corporate America praises the ‘adults’ who averted a government shutdown

By Matt Egan, CNN New York (CNN) — Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. “While brinksmanship is never the answer,

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Bernard Arnault’s lawyer dismisses allegations of money laundering as ‘absurd’

By Chris Liakos and Anna Cooban, CNN Paris/London (CNN) — A lawyer for Bernard Arnault has dismissed allegations of money laundering that triggered a preliminary investigation by French prosecutors into the billionaire’s dealings with a Russian businessman, saying they are “as absurd as they are unfounded.” On Friday, the Paris Public Prosecutor’s Office told CNN

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Has China’s economy bottomed out? Factory output and ‘Golden Week’ travel offer glimmers of hope

By Laura He, CNN Hong Kong (CNN) — A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fueling hopes that the economy could be regaining momentum after a major slowdown this year. China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7

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A contract for 75,000 Kaiser Permanente workers expired. Historic US health care strike could start Wednesday

By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has workers at hundreds of

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Residents alarmed as shoplifting incidents trigger store departures: ‘As a community we can’t allow this to continue’

By Parija Kavilanz, CNN New York (CNN) — Lou Martins is angry, frustrated, and disappointed but not surprised that the first Target store to open in Manhattan — in his New York City neighborhood — is closing in October. Target this week cited large-scale theft and safety concerns for employees and customers for its decision

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A contract for 75,000 workers is about to expire. The largest US health care strike in history could be next

By Samantha Delouya, CNN (CNN) — A labor contract for thousands of unionized health care workers across five states and Washington, DC, is set to expire on Saturday at 11:59 pm PT, potentially triggering the largest health care strike in US history. More than 75,000 health care employees who work at hundreds of Kaiser Permanente

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