Is China about to face its "Lehman Brothers moment"?
CBSN
One of China's biggest property developers is at risk of buckling under billions of dollars in debt, raising concerns among investors around the globe that China could face a "Lehman Brothers moment" if the firm collapses and triggers financial contagion. Here's why Evergrande Group is suddenly rattling financial markets from Hong Kong to Wall Street.
Based in the southern Chinese city of Shenzhen, Evergrande invests in, builds and manages thousands of residential properties. It is among the among the country's largest real estate firms, with total assets listed at $356 billion and reported annual sales of more than $108 billion.
A cybercriminal group claims it stole personal data belonging to more than 500 million Ticketmaster customers. Although the event ticketing service, owned by Live Nation Entertainment, hasn't confirmed the attack, security experts warn that it could put users of the platform at risk for a range of scams.
Two climbers were waiting to be rescued near the peak of Denali, a colossal mountain that towers over miles of vast tundra in southern Alaska, officials said Wednesday. Originally part of a three-person team that became stranded near the top of the mountain, the climbers put out a distress call more than 30 hours earlier suggesting they were hypothermic and unable to descend on their own, according to the National Park Service.
There's no making up for what Olympic hurdler Lashinda Demus lost on the day she finished .07 seconds behind a Russian opponent who, everyone later learned, was doping. What the American 400-meter hurdles champion will finally receive is a great day under the Eiffel Tower where she'll be presented with the gold medal she was denied 12 years ago at the London Olympics.