One Friday in late July, nearly 1,500 people lost their jobs, all at once.
The pharmaceutical plant where they worked was a cornerstone of the local economy in Morgantown, W.Va. And then, in a wink, it was gone.
In Denver, 160 oil and gas workers recently lost their jobs. In Meridian, Idaho, more than 300 people’s jobs at a small defense manufacturing company will soon disappear. In Bridgeport, Conn., families are bracing for nearly 700 people to be let go from People’s United Bank. Read More...
Explore More Legendary rocker and poet Patti Smith has been reportedly forced to cancel a show after being hospitalized in Bologna, Italy, with an unknown illness. According to local media outlet TGCOM24, Smith, 76, was slated to take the stage at Teatro Duse, the oldest theater in the city, before taking ill. “With great regret, we inform the kind audience that the [Patti Smith] concert scheduled for today 12 December 2023 at 9 pm will not be able to go on stage due to a sudden illness that struck the artist,” the venue wrote in an Instagram post. Read More...
NEW YORK -- When Donald T. Regan resigned as chairman of the world's biggest investment firm, Merrill Lynch, to become secretary of the Treasury, he turned to a little-known investment firm to manage his considerable wealth.
Regan's assets--more than $3 million at the time he took the job, according to estimates based on government disclosure statements--were placed in a blind trust managed by the Bessemer Trust Co.
There is no public report on Regan's blind trust, but judging the figures Bessemer does publish, Regan probably has made out handsomely. Read More...