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YOUR

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By ELAINE KURTENBACH, AP Business Writer

Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high.

Benchmarks rose in Hong Kong and Tokyo but fell in Sydney and Shanghai.

An official newspaper, the Securities Times, said China Evergrande Group made an overdue bond payment on Friday. The property developer’s struggle to reduce its 2 trillion yuan ($310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis.

Evergrande wired $83.5 million to account for a bond payment that was due Sept. 23, the report said. The company’s Hong Kong-traded shares gained 5%.

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The Hang Seng in Hong Kong climbed 0.5% to 26,135.17 and the Shanghai Composite index lost 0.3% to 3,583.65.

Tokyo’s Nikkei 225 added 0.6% to 28,892.11 while the Kospi in Seoul gained 0.2% to 3,013.69.

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Business News in Columbus, OH | The Columbus Dispatch
Columbus program hopes to increase number of homes recycling in Hilltop
New Crew stadium benefited minority firms in Ohio National law firm Epstein Becker Green establishes Columbus office Work begins on another 1-million-square-foot warehouse Architect Mark Feinknopf dies, leaving long legacy in Columbus area Should self-employed Ohioans get unemployment benefits permanently? You can now DoorDash alcohol in Ohio Ohio’s unemployment benefits crisis: Why weren’t we ready? Meet Dispatch business reporter Erica Thompson Home prices still rising, but some positive signs for buyers Former Blue Jacket Dubois sells Downtown condo for $1 million Fed split on raising rates in 2022 Lowest unemployment in Ohio found in three Columbus-area counties Shop early this holiday season, retailers say GM says it will start fixing Bolt batteries in October Landlords
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Today’s top business news includes a ₹2 billion fine imposed by India’s competition regulator on India’s biggest carmaker Maruti Suzuki for anti-competitive practices related to dealer discounts, and the halting of over 40 IPOs by China amid a regulatory probe. Separately, Bitcoin jumped above $50,000 for the first time since May, while equity index Sensex ended 226 points higher.

5:05 P.M.

Branson’s Virgin Orbit to list through SPAC merger at $3.2 billion valuation

Virgin Orbit, the satellite launch service part of billionaire Richard Branson’s conglomerate, said on Monday it is going public through a merger through an SPAC vehicle, in a deal that values it at $3.2 billion, Reuters reported.

The deal with NextGen Acquisition Corp II also includes a private investment in public equity of hundred million dollars from parties such as Boeing Co and AE Industrial Partners.

4:36 P.M.

Maruti Suzuki fined ₹2 billion over dealer discount policy

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HBO’s acclaimed finance drama is worth investing in now.

industry hbo

Amanda Searle/HBO

HBO’s finance drama Industry, which followed a group of fresh-faced recruits at the fictional investment bank Pierpoint & Co, was one of 2020’s best TV surprises. Packed with sex, drugs, and business jargon, the UK-based show, which debuted on HBO in November and wrapped up right at the end of last year, sucked you in with its soapy spin on the high-stakes workplace drama while also providing a barbed critique of its often toxic subject matter. Each episode was more exciting and visceral than the one before.

But now, like the characters blinking through a day of work after a ketamine-fueled night of debauchery, we’re left looking around at the wreckage and wondering what’s next. Will the company’s ever-buzzing open-plan office, where everyone’s trying to make a deal for “half a yard” and planning to grab a “bevy”

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In this month’s roundup of business news The Recognition Group announces office manager Mindy Linford’s final art show of the season is coming up very soon, Maranello’s is inviting guests out for a little New Year’s Eve celebrating and Orangevale Meats will be helping deliver meals to 50 families this Christmas. All of this news comes courtesy of the Fair Oaks Chamber of Commerce newsletter.

The Recognition Group: Office manager Mindy Linford will hold her last art show of the season, Saturday, Dec. 8, from 5 p.m. till 9 p.m. at the Luxe Gallery, 10020 Fair Oaks Blvd. The original photography show features landscapes and macro flower photos. Quality art is available for purchase. For more information call 916-967-0666.

Check out the group’s Facebook page here.

Blossoming Path: Kim Sullivan is offering a holiday special, one-hour Swedish massage treatment, transformative massage, reiki with crystal and color therapy and acupressure for

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Advocacy – the immediate needs of our chamber members and the business community are paramount. However, there is a lot of activity taking place at all levels of government; some of it good and some definitely not so good.  The Rancho Cordova Chamber team is monitoring and engaging with our elected representatives during this pandemic to ensure the voice of business is heard. Below are examples of the efforts made on your behalf.  

Joint Business Letter:  Workplace Regulations, Request for Suspension 

UCAN* Chambers signed onto this letter developed by the California Business Roundtable to Gov. Newsom requesting the suspension of workplace rules that may present liability to businesses during the rapid transition to working from home. 

Response to Leg Leadership re: CA Labor Federal COVID-19 proposals 

UCAN* Chambers have signed onto this letter developed by the Cal Chamber to Legislative Leaders in response to a letter sent by the California

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Business and Financial News : NPR




Business and Financial News Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.

One Medical Employees Say Concierge Care Provider Is Putting Profits Over Patients

NPR spoke to more than a dozen current and former employees of One Medical. They say the high-end medical company has fundamentally changed its focus, with increasing revenue

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Cooperative Award

Fred C. Garber, of Mount Jackson, a farmer, businessman and longtime electric cooperative director, is the recipient of the 2021 Electric Cooperative Leadership Award from the Virginia, Maryland and Delaware Association of Electric Cooperatives.

Garber received the association’s highest award July 22 at a reception at the Rockingham office of Shenandoah Valley Electric Cooperative, where he served as a member of the board of directors from 1984 until 2019.

He was cited for his record of visionary leadership, creative problem-solving and community involvement that have enabled SVEC to better serve its 80,000 members across all or parts of eight counties and the city of Winchester.

A Harrisonburg native, Garber grew up on a dairy farm in Weyers Cave. He graduated from Middle River High School and Blue Ridge Community College, and was active in FFA for many years. He and his wife, Barbara, purchased Mount Jackson Farm Service

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By MICHELLE CHAPMAN, AP Business Writer

PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal.

The New York drink and snack company will keep a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners.

The sale reflects the industry’s uncertainty about demand for fruit juice as consumers look for healthier options with less sugar, said Howard Telford, head of soft drinks at Euromonitor International, a market research firm.

“This deal reflects the desire of the industry to focus and innovate around a smaller core of categories and brands, including water, energy drinks, coffee and the staple carbonated soft drinks,” Telford said.

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U.S. juice sales volumes actually rose last year as more people enjoyed breakfast at home during the pandemic and sought the immunity benefits of vitamin C, Telford said. But that was a blip

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