Money

By Anneken Tappe, CNN Business Weekly claims for unemployment benefits dropped to a new, multi-decade low last week, the Labor Department reported Thursday. At 184,000 claims, adjusted for seasonal swings, it was the lowest level of initial claims since September 1969, when the figure stood at 182,000. It was also a lower count than economists

By Julia Horowitz, CNN Business For once, investors are treating GameStop like a normal stock. What’s happening: The video game retailer reported disappointing earnings after US markets closed on Wednesday. Sales grew, but the company’s quarterly losses widened. It also disclosed that the US Securities and Exchange Commission had issued a subpoena in August for

By Laura He, CNN Business Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. The credit ratings agency on Thursday downgraded the company and its subsidiaries to “restricted default,” meaning that the firm has failed to meet its financial obligations. Fitch said the downgrade reflects the company’s inability to

By Esha Mitra, Vedika Sud and Rhea Mogul, CNN The only survivor of a helicopter crash that killed 13 people including India’s top military official is on life support, officials said Thursday, as the nation mourned the victims and investigations into the incident continued. Group Capt. Varun Singh is in a “critical but stable” condition,

By Hilary Whiteman, CNN Business An Australian Senate committee on Thursday issued a scathing indictment of media mogul Rupert Murdoch’s News Corp, calling it the country’s “clearest example of a troubling media monopoly.” But the committee stopped short of calling on News Corp to dilute or otherwise cede any of its Australian interests, and instead

By Kerry Flynn and Eliza Mackintosh, CNN Business More journalists are behind bars for their work globally than ever before, with repressive regimes from Asia to Europe leading an unprecedented crackdown on press freedoms, the media watchdog group Reporters Without Borders (RSF) has warned in a new report. A staggering 488 journalists and media workers,

By Brian Stelter, CNN Business Brian Williams, who helped put MSNBC on the map 25 years ago, is about to exit the cable news network. He is signing off from his 11 p.m. Eastern program, “The 11th Hour,” for the final time on Thursday night, a network spokesperson confirmed. Williams has been alluding to his

Story by Reuters Toymaker Lego said on Wednesday it plans to build a new factory in Vietnam to keep up with rapidly growing demand for its colored plastic bricks among children across Asia. The privately-owned Danish firm said it will invest more than $1 billion in the project, which will be its second Asian factory