Trump says China targeting U S farmers in trade spat
President Trump blames China for pressuring U S farmers amid tariff tit-for-tat and notes farmers as major voters in the Midwest while defending a $12 billion aid package. He urges critics to stay patient and says negotiations will eventually yield a strong deal as he meets European leaders Juncker. He plans trips to Iowa and Illinois to rally agricultural support.
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Pizza delivery drivers sue Kentucky Papa John’s over pay
Delivery drivers allege they are underpaid after using their own vehicles, squeezing earnings below minimum wage. Lawsuits target Kentucky franchisees amid broader actions against Papa John’s, Pizza Hut, and Domino’s.
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United States
Congress
Bankruptcy order priority favors creditors over stockholders
When a company files for bankruptcy creditors have first claim to assets. Bondholders are paid before preferred stock and common stockholders, who receive nothing unless assets remain. General Growth Properties is a notable exception where creditors were paid and equity investors gained via new shares. Matthew Frankel mentions HHC in relation to Howard Hughes Corporation.
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GGP
Howard Hughes Corporation
Matthew Frankel
HHC
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