- Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
- Lexington Herald-Leader
House incumbent Rep. Kim Moser’s Northern KY GOP primary too close to call
Whether Rep. Kim Moser, R-Taylor Mill, will keep her seat from a GOP challenger wasn’t decided late Tuesday. The KY House race, which Moser is leading, is too close to call.
- WPVI – Philadelphia
Mother and daughter found stabbed to death in basement of home
The women, one 75 years old and the other 58 years old, suffered multiple stab wounds, police say.
