Shares jump 36% for major Chinese conglomerate unit on news of $1 billion deal

Wanda Hotel Development, a unit of Chinese conglomerate Dalian Wanda Group ledby Wang Jianlin, said it would buy assets worth over 7 billion yuan ($1.05 billion) from Wang-controlled companies as part of a restructuring. Shares of Wanda Hotel jumped as much as 36...

Democratic Fight in California Is a Warning for the National Party

By ADAM NAGOURNEY August 9, 2017 SACRAMENTO — For Democrats across the nation, California has offered a bright if lonely light this year. The party controls every statewide office and commands supermajorities in the Legislature. Gov. Jerry Brown and...