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Blackstone’s Schwarzman launches ambitious scholars program in China

When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman hit upon the idea of creating a one-year Master's …

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Blackstone’s Schwarzman launches ambitious scholars program in China

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Oklahoma judge OKs McClendon land sale, freeing Thunder stake

By Ben Fenwick and Jessica DiNapoli OKLAHOMA CITY/NEW YORK (Reuters) – The judge overseeing Aubrey McClendon's estate approved a land deal on Friday that will pay off one of the late energy …

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Oklahoma judge OKs McClendon land sale, freeing Thunder stake

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Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun

Wal-Mart Stores Inc on Friday said it will stop selling Egyptian cotton sheets made by Welspun India after the Indian manufacturer was unable to assure them the products were authentic. Last month, U.S. retailer Target Corp severed ties with Welspun after accusing them of passing off cheap sheets as premium Egyptian cotton for two years. “Welspun has not been able to assure us the products are 100 percent Egyptian

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Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun

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Hanjin Shipping gets U.S. court order, cash to unload ships

South Korea's Hanjin had asked U.S. Bankruptcy Judge John Sherwood to issue an order to prevent creditors from seizing Hanjin ships or property, and to allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Earlier, the company received authority to spend money needed to dock at U.S. ports and begin unloading four vessels that have been stranded …

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Hanjin Shipping gets U.S. court order, cash to unload ships

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U.S. tells consumers to stop using fire-prone Samsung phones

By Se Young Lee and Jeffrey Dastin SEOUL/NEW YORK (Reuters) – A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. Following reports that the phones' batteries have combusted during charging and normal use, the…

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U.S. tells consumers to stop using fire-prone Samsung phones