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Articles related to "the-wall-street-journal"


Walmart Files Pre-emptive Lawsuit Against Federal Government in Opioid Case

  • Walmart Inc. sued the federal government in an attempt to strike a pre-emptive blow against what it said is an impending opioid-related civil lawsuit from the Justice Department.
  • The retail giant said in a lawsuit filed Thursday that the Justice Department and Drug Enforcement Administration are seeking to scapegoat the company for the federal government’s own regulatory and enforcement shortcomings in combating the opioid crisis.
  • Walmart said the government is seeking steep financial penalties against the retailer for allegedly...

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In Xi Jinping’s China, Nationalism Takes a Dark Turn

  • The wave of nationalism sweeping through China, amplified by party propaganda, the political ambitions of Xi Jinping and the country’s success in containing Covid-19, is taking a darker turn, with echoes of the country’s Maoist past.
  • Angry mobs online have swarmed any criticism of China’s leaders or a perceived lack of loyalty to the country.
  • Targets are being harassed and silenced.
  • Some have lost their jobs.

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Goldman Sachs to Recoup Top Executives’ Pay After Costly 1MDB Fines

  • Goldman Sachs Group Inc. is seizing tens of millions of dollars from top executives after agreeing to a costly settlement to resolve multiple government investigations into its role in a Malaysian bribery scandal.
  • The Wall Street firm will recoup money from Chief Executive David Solomon, his predecessor Lloyd Blankfein, and other current and former executives, people familiar with the matter said, as it prepares to admit to compliance lapses in its dealings with a corrupt Malaysian investment fund, known as 1MDB.
  • Goldman...

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Joe Biden Blitzes TV While Trump Spends on Events, Fundraising

  • Joe Biden’s campaign committees outspent President Trump’s by at least $110 million in the third quarter, and still the former vice president ended up with a substantial cash advantage heading into the final month of the presidential race.
  • Mr. Biden and the Democratic National Committee started this month with $432 million in available cash, compared with $251.4 million for Mr. Trump and the Republican National Committee, the latest Federal Election Commission filings show.
  • The disparity was more pronounced when comparing...

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Afghan Government Airstrike Targeting Taliban Kills 12 Children as Peace Talks Stall

  • KABUL—An Afghan airstrike killed 12 children in a religious school, local officials said Thursday, as government forces responded to a wave of Taliban attacks that have raised fresh questions about Kabul’s ability to secure the country after a U.S. troop drawdown.
  • The Afghan air force mistook the religious school for a Taliban hideout, said Mohammad Azam Afzali, a member of Takhar provincial council, who is originally from Baharak district where the strike took place.
  • The Afghan Ministry of Defense said all the victims of the strike were Taliban militants, but that it would still launch an investigation into the incident.
  • The Taliban offensive in Takhar is the worst of a wave of insurgent attacks since the group began its first-ever direct talks with the Afghan government in Qatar’s capital last month—jeopardizing the U.S.-brokered peace process.

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Palantir to Help U.S. Track Covid-19 Vaccines

  • is helping the federal government set up a system that will track the manufacture, distribution and administration of Covid-19 vaccines, state and local health officials briefed on the effort said.
  • Palantir has been developing software that federal health officials would use to manage the various vaccine data and identify any issues that could prevent Americans from getting the shots, according to the health officials and materials reviewed by The Wall Street Journal.
  • The system, Tiberius, marks an attempt to use cutting-edge data science to help the federal government manage the work of protecting Americans against Covid-19.
  • State and local health officials who are setting up programs for vaccinating residents said the Tiberius system could further their efforts by, for example, identifying high-priority populations and then allocating shots to health-care workers, the elderly and others at highest risk of infection.

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Elevated Jobless Claims Reflect Cooling Labor Market

  • The number of people applying for jobless aid is expected to have held nearly steady for the eighth straight week, a sign that the summer’s rapid labor market improvement cooled dramatically this fall.
  • Weekly initial claims for unemployment benefits through regular state programs have stabilized between 800,000 and 900,000 since the last week of August, as fresh layoffs offset employment gains.
  • That level remains elevated above pre-pandemic peaks but is down significantly from March, when the coronavirus pandemic and related shutdowns triggered 6.9 million claims in a single week.
  • The number of people receiving benefits through state programs, which cover most workers, has declined in recent weeks to the lowest levels since late March.
  • Companies ranging from American Airlines Group Inc.
  • and United Airlines Holdings Inc.
  • and AT&T; Inc.’s WarnerMedia have announced job cuts in recent weeks, and those layoffs might have affected filed claims last week.

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UPS to Offer Employees a Way to Save for Emergencies

  • is expected to announce Thursday a plan to offer nearly 100,000 of its workers a way to save for emergencies within its 401(k) plan, becoming one of the largest U.S. employers to join a trend that reflects concern over the impact of workers’ financial problems on their ability to retire.
  • The program gives UPS employees the option to divert a portion of their paychecks into rainy-day funds within their 401(k) plans.
  • In recent years, a growing number of employers have grown concerned that if employees are unable to cover unexpected expenses, they may resort to raiding their retirement savings early, said Timothy Flacke, executive director of Commonwealth, a nonprofit that builds tools to help low-income workers save.
  • With financial support from BlackRock Inc.’s foundation, Commonwealth and other nonprofits are working with companies including UPS, Etsy Inc.
  • to develop emergency savings initiatives.

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AT&T Pinched by Cord-Cutting and Closed Theaters

  • AT&T; Inc.’s legacy television business continued to lose customers during the third quarter while its movie business was sapped by the pandemic and new media bets struggled to gain steam.
  • The telecom and media giant said Thursday that 8.6 million customers had activated HBO Max, its Netflix-like streaming video service, by the end of September, trailing rivals like Disney+ and Hulu.
  • The overall number of customers watching HBO in any form rose to 38 million in the U.S. and 57 million world-wide, exceeding the company’s target...

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AT&T Pinched by Cord-Cutting and Closed Theaters

  • AT&T; Inc.’s Inc.’s legacy television business continued to lose customers during the third quarter while its movie business was sapped by the pandemic and new media bets struggled to gain steam.
  • The telecom and media giant said Thursday that 8.6 million customers had activated HBO Max, its Netflix-like streaming video service, by the end of September, trailing rivals like Disney+ and Hulu.
  • The overall number of customers watching HBO in any form rose to 38 million in the U.S. and 57 million world-wide, exceeding the company’s...

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