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Category: Business

Business
The U.K.'s $100 billion autos industry can't survive without Europe
The U.K.’s $100 billion autos industry can’t survive without Europe

Having failed to prevent a vote for Brexit, the British auto industry is now turning to the U.K. government for help limiting the economic fallout. Industry leaders say that Britain must fight to preserve their access to Europe’s single market. If ties to the trading bloc are completely severed, they warn, British factories won’t be […]

Business
World's second largest diamond fails to sell
World’s second largest diamond fails to sell

The world’s second biggest diamond is also a big disappointment — at least on the auction block. Sotheby’s failed to find a buyer for the 1,109-carat uncut stone, dubbed the Lesedi La Rona, which had been expected to fetch at least $70 million. Although there were some bidders at the Wednesday evening auction in London, […]

Business
Sumner Redstone's illegible signature looms over Viacom drama
Sumner Redstone’s illegible signature looms over Viacom drama

Sumner Redstone will almost certainly not be in a Massachusetts courtroom on Thursday when his attorneys and those representing Viacom a group of attorneys convenes for a hearing that may shape the future of his media empire. Public appearances by the 93-year-old Redstone, Viacom’s controlling shareholder, have become rare. But public pronouncements by him have […]

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