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Ex-China central banker accused of accepting ‘massive’ bribes admits to ‘huge mistake’
A disgraced former Chinese central banker admitting to making a “huge mistake” after being arrested last year on suspicion of bribery. Fan Yifei, 59, was the highest-ranking official at the People’s Bank of China when he was arrested under President Xi Jinping’s campaign to weed out the “flies and ants” in the financial, energy and…

Boeing’s mid-flight blowout a big problem for company
The Alaska Airlines incident could have been much worse, but is still a major issue for the US plane-maker.
JetBlue CEO to Step Down as Airline Awaits Judge’s Ruling on Spirit Airlines Merger
Updated Jan. 8, 2024 6:05 pm ET Robin Hayes will step down as CEO of JetBlue Airways after about nine years at the helm, citing a doctor’s advice, as the company waits to find out whether a federal judge will block the merger with Spirit Airlines that he championed. Joanna Geraghty, 51 years old, a longtime…
China Detains a Top Executive at Evergrande’s Electric-Vehicle Unit
Updated Jan. 8, 2024 5:07 am ET The bad news keeps coming for China Evergrande and its investors. A top executive of the beleaguered property company’s electric-vehicle business has been detained as part of a criminal investigation, adding to Evergrande’s mounting problems. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm and Reebok owner Authentic Brands Group, as the footwear retailer looks to focus on better performing assets, the company announced Thursday. Canadian retailer the Aldo Group has been tapped as…

Bill Ackman claims he has ‘good reason to believe’ MIT behind plagiarism allegations against his wife
Bill Ackman says he has “good reason to believe” plagiarism allegations against his wife, former tenured Massachusetts Institute of Technology professor Neri Oxman, came from an inside source at the esteemed university. Business Insider expanded its investigation into Oxman’s 2010 MIT doctoral dissertation on Friday, finding that aside from the four paragraphs of improperly-cited information…