August 26, 2015
China’s stocks react messily to an interest-rate cut.
The Shanghai composite index gained as much as 1.2% in early trading and lost as much as 3.9%; it ended up by 0.8%. The Shenzhen index also rose and fell several times in the morning, ending down 0.2%. The government’s failure to calm market volatility has raised questions (paywall) about whether prime minister Li Keqiang will be forced out of his position.August 26, 2015
Boeing employees take the aircraft maker to court.
A class action suit brought by 190,000 workers and retirees of Boeing accuses the US aerospace company of managing their pension investments poorly, resulting in high investment fees. Their federal court case opens today (paywall).August 26, 2015
Barack Obama gives Joe Biden his blessing for a 2016 presidential run.
The US president made it clear that he would neither oppose nor counsel against the current vice president, should he decide to run next year, according to CNN. That adds more speculation to earlier reports that Biden may be canvassing for support among powerful Democrats.August 26, 2015
Johnson & Johnson sells Splenda.
The sugar substitute brand records annual sales of $300 million, but the company wants to focus more on healthcare products. The buyer, Heartland Food Products Group, paid an undisclosed price.August 26, 2015
The Middle East is a bright spot for air quality.
It’s the only region in Asia where pollution is decreasing.August 26, 2015
