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By Chris Isidore, CNN Business United Airlines told employees that they will be placed on indefinite unpaid leave if they refuse to get a Covid vaccine for religious reasons. The company’s vaccine mandate is much tougher than those imposed by many other companies, or the ones announced by President Joe Biden Thursday. The federal mandate,

By Allison Morrow, CNN Business Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices. The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay

By David Goldman, CNN Business President Joe Biden gave a gift to every major company in America by forcing them to mandate vaccines or stringently test their employees for Covid. Their reaction to the new rule: glee. Corporate America had been trying to navigate two competing pandemic realities: Companies are desperately trying to get back

By Jordan Valinsky, CNN Business Private equity firm Blackstone Group is abandoning its $3 billion bid for a controlling stake in Soho China, one of the country’s largest real estate developers. In a regulatory filing Friday, Blackstone said it decided to drop the deal “in light of the lack of sufficient progress” being made among

By Peter Valdes-Dapena, CNN Business There was a slight drizzle when I was getting ready to go for a short drive in Bentley’s new Bacalar. Ordinarily, this would not be a big deal. The rain was hardly enough to warrant an umbrella. Except the Bentley Bacalar has no roof. The Bacalar is not a convertible.

By Hanna Ziady, CNN Business Back in the spring, as the pace of vaccinations increased rapidly and growth predictions improved, businesses were hopeful that by the fall economic activity would largely be back to normal. Well, September has arrived but the return to normal that many expected remains elusive. What’s happening: Developments over the past

By Michelle Toh, CNN Business The United States has lifted an import ban on the world’s largest glove maker after concluding that its products are no longer being produced using forced labor. In an announcement Friday, the US Customs and Border Protection (CBP) agency said that it had cleared Top Glove, a Malaysian company, after

By Laura He, CNN Business China is starting to sell off some of the oil it keeps in strategic reserve in a bid to lower prices in the market, a historic first for the world’s biggest importer of oil and its second largest consumer. The State Bureau of Grain and Material Reserves said late Thursday

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “An Authoritarian.” “Rotting bag of oatmeal … tyrant.” “Very frail and very weak.” Those are only a handful of the vile attacks directed at President Biden on Fox News Thursday