Day: July 19, 2022

Dana Canedy, Publisher of Simon & Schuster’s Flagship Imprint, Has Left the Job

Ms. Canedy and Jonathan Karp, Simon & Schuster’s chief executive, stood by the acquisition of Mr. Pence’s book as a crucial account of the Trump presidency, and maintained that publishers should acquire books from across the political spectrum. Ms. Canedy said she would continue to work on titles by Mr. Pence, Mr. Robinson and Ms. …

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Hasbro Reports Rising Sales Despite Higher Prices

Despite higher prices, people continued to spend on Nerf blasters, Power Rangers action figures and Magic the Gathering cards, helping Hasbro overcome rising costs for materials and freight, the company said on Tuesday. Hasbro said its revenue for the second quarter increased 1 percent from a year earlier, but profit grew by 10 percent, beating …

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Fund Managers Show ‘Dire’ Levels of Pessimism, Poll Finds

Investors are hoarding cash and lowering their expectations for growth, as pessimism about the outlook for the U.S. economy has reached a “dire” level, according to a survey of 259 fund managers responsible for more than $700 billion in investments. The monthly survey, produced by Bank of America and widely watched in financial circles, showed …

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Chinese Banking Scandal Tests Faith in Communist Party’s Leadership

BEIJING — The saving opportunity with the rural bank in central China looked, to Sun Song, a 26-year-old-businessman, like a great find. It would be linked to his existing account at a large, reputable state-owned bank. The rural bank was also offering high interest rates, making it seem like an ideal place to park his …

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