US Commerce Chief Tied to Russian Shipping Venture, Leaked Documents Show

U.S. Commerce Secretary Wilbur Ross shares significant business interests through a shipping venture in Russia with President Vladimir Putin’s son-in-law and an oligarch subject to American sanctions, newly leaked documents showed Sunday. Ross, a 79-year-old billionaire industrialist, has an investment in partnerships valued at between $2 million and $10 million in the shipper, Navigator Holdings,…

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Sprint, T-Mobile End Merger Talks

Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn’t come to an agreement that would benefit customers and shareholders. The two companies have been dancing around a possible merger for years, and were again in the news in recent weeks with talks of the two companies coming together after all.…

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Venezuela Calls Creditors to Debt Talks

Venezuela’s cash-strapped government invited creditors to a Nov. 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the OPEC nation’s debt prices plunging. President Nicolas Maduro on Thursday vowed to make a $1.2 billion bond payment but said future payments would be refinanced. Investors were…

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