Shkreli ousted as Kalo-Bios chief amid fraud charges
In 24 hours Martin Shkreli dropped from Kalo-Bios CEO to terminated director as he faced securities fraud charges and bail set at five million dollars. He had resigned from Turing Pharmaceuticals CEO role previous day after arrest.
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Shipping Mania Engulfs Louisville Amid Holiday Rush
In Louisville, UPS Worldport processes up to 4 million packages nightly during peak season with 36 million packages expected today. The operation relies on 38 000 containers, 130 planes in five hours, and 300 trucks in a parallel logistics dance to meet Christmas deadlines.
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Consumers buy cheaper gifts as holiday trend shifts
New York shoppers embrace bargain gifts with under $30 items such as candle sets and serving dishes. A survey shows 4 percent will buy gifts under $10, up from 1 percent, while $26 to $35 spenders dip to 18 percent. NRF projects total holiday spending up 3.7 percent to $630.5 billion.
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