Meet a victim of the nation’s opioid addiction scourge: the American worker. A number of U.S. states are taking steps through their workers’ compensation systems to stem the overprescribing of the powerful painkillers to workers injured on the job, while helping those who became hooked to avoid potentially deadly consequences. Injured workers, like so many others dealing with pain, are often prescribed opioids like OxyContin and Vicodin.
The retail trends that are keeping U.S. shoppers away from malls are also putting a damper on deal-making. The number of mergers involving apparel, shoes and jewelry dropped 12 percent to 115 in the past year. And the transactions that are getting done are fetching the smallest premiums since the recession in 2008. They plunged to 3.4 percent from 23 percent a year earlier, according to data compiled by Bloomberg.
An investigation into sales practices at Wells Fargo released Monday has blamed the bank’s top management for creating an “aggressive sales culture” that led to a scandal involving millions of unauthorized accounts being opened.
The rapid descent of so many retailers has left shopping malls with hundreds of slots to fill, and the pain could be just beginning. More than 10 percent of U.S. retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming years, according to data provided to Bloomberg by CoStar Group.
For many people, getting a tax refund is like getting a handful of sand: It’s virtually impossible to hang on to much of it. But it doesn’t have to be that way. You can have the IRS split your refund across a number of accounts, perhaps some less accessible than your checking account, and thus keep that windfall from slipping through your fingers.
An influential firm that advises big shareholders says the majority of Wells Fargo’s board of directors should be removed at the bank’s annual shareholders meeting later this month, accusing the board of having a lack of oversight over the bank’s sales practices.