Corporate news

October 03, 2019 - 4:26 pm
WHITE PLAINS, N.Y. (AP) — OxyContin maker Purdue Pharma should be prohibited from giving $38 million in employee payouts as it goes through bankruptcy, attorneys general from 24 states said in a court filing Thursday. Purdue has said it needs to make bonus payments to keep employees and maintain...
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In this Sept. 26, 2019, photo, cars pass Rockefeller University in New York. Prestigious universities around the world, including Rockefeller, have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Rockefeller accepted more money from the Sacklers than any other school in recent history. (AP Photo/Mark Lennihan)
October 03, 2019 - 3:06 pm
BOSTON (AP) — Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Some of the donations...
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White House senior adviser Ivanka Trump, right, speaks with Google CEO Sundar Pichai at El Centro College in Dallas, Thursday, Oct. 3, 2019. Pichai announced that Google is committing to a White House initiative designed to get private companies to expand job training for American workers. (AP Photo/LM Otero)
October 03, 2019 - 2:33 pm
WASHINGTON (AP) — Google pledged Thursday to help train a quarter of a million people for technology jobs, adding its name to a White House initiative designed to get private companies to expand training opportunities for Americans. CEO Sundar Pichai announced the commitment during an appearance...
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October 03, 2019 - 3:02 am
COPENHAGEN, Denmark (AP) — Low-cost fashion retailer Hennes & Mauritz AB says its third-quarter profit jumped 25% to 5 billion kronor on strong summer sales as the Swedish group’s recovery is well underway after a strategy shift. The Stockholm-based group says its quarterly sales increased by...
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In this Aug. 23, 2019 photo, former U.S. Attorney Dan Webb takes the oath of special prosecutor before Judge Michael Toomin, during an status hearing concerning actor Jussie Smollett at the Leighton Criminal Court building, in Chicago. The latest twist in the Jussie Smollett saga is the revelation of a possible conflict of interest by the special prosecutor investigating why prosecutors dropped charges accusing the actor of staging a racist, homophobic attack on himself. Dan Webb disclosed this week he once co-hosted a political fundraiser for a figure central to his investigation, Cook County State's Attorney Kim Foxx. A Cook County judge must now decide if bias or the appearance of bias renders Webb's position untenable.(Antonio Perez/ Chicago Tribune via AP, Pool)
October 02, 2019 - 6:49 pm
CHICAGO (AP) — A Chicago judge could decide this week whether the special prosecutor investigating possible conflicts of interest in Jussie Smollett’s criminal case has a conflict himself, the latest twist in a saga marked by turns and reversals since the “Empire” actor reported a racist,...
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FILE - In this May 31, 2017 file photo, then-state Sen. Ricardo Lara, D-Bell Gardens, speaks at a Capitol news conference in Sacramento, Calif. Lara, who is now the California Insurance Commissioner, announced Wednesday, Oct. 2, 2019, that Mercury Insurance Co. is ending its two-decade battle with California regulators by agreeing to pay the state more than $41 million in property and casualty penalty and interest payments. (AP Photo/Rich Pedroncelli, File)
October 02, 2019 - 1:07 pm
SACRAMENTO, Calif. (AP) — Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, California Insurance Commissioner Ricardo Lara said Wednesday. He said it’s the largest property and...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Oct. 2, 2019. Asian shares are lower after U.S. stocks posted their worst loss in five weeks on Wednesday after a surprisingly limp report on the nation’s manufacturing that stirred worries about the economic outlook.(AP Photo/Eugene Hoshiko)
October 02, 2019 - 6:48 am
BANGKOK (AP) — Global stocks fell on Wednesday and Wall Street was expected to slide on the open after a discouraging report on U.S. manufacturing dampened the economic outlook. Tuesday's report showed that manufacturing weakened in September for the second straight month as U.S. President Donald...
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FILE - In this July 30, 2013, file photo, large banners hang in an atrium at the headquarters of Johnson & Johnson in New Brunswick, N.J. Johnson & Johnson has become the latest company to settle a lawsuit to get out of the first federal trial over the nation's opioids crisis, reaching a deal worth more than $20 million with two Ohio counties, the company announced Tuesday, Oct. 1, 2019. (AP Photo/Mel Evans, File)
October 01, 2019 - 8:28 pm
Johnson & Johnson on Tuesday announced it had reached an agreement worth more than $20 million with two Ohio counties, becoming the latest company to settle a lawsuit to get out of the first federal trial over the nation's opioids crisis. The deal with Cuyahoga and Summit counties comes a...
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FILE - In this May 1, 2015 file photo, a dunes sagebrush lizard is shown. The dunes sagebrush lizard is found among the dunes straddling New Mexico and West Texas in one of the nation's richest oil basins and is at the center of a new lawsuit. Environmentalists want the federal government to add the lizard to the endangered species list. The fight stretches back to the Bush and Obama administrations and could affect part of the multibillion-dollar energy industry in the Permian Basin. (U.S. Fish and Wildlife Service via AP, File)
October 01, 2019 - 5:06 pm
ALBUQUERQUE, N.M. (AP) — A small lizard found among the dunes straddling New Mexico and West Texas in one of the nation's richest oil basins is at the center of a legal complaint filed Tuesday. Environmentalists want the U.S. government to add the lizard to the endangered species list as part of a...
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Former U.S. Rep. Chris Collins leaves federal court, Tuesday, Oct. 1, 2019, in New York. Collins pleaded guilty Tuesday in an insider trading case, a day after he resigned from Congress and set off a scramble to fill his seat in his Republican-leaning district. (AP Photo/Frank Franklin II)
October 01, 2019 - 5:02 pm
NEW YORK (AP) — Former Rep. Chris Collins pleaded guilty Tuesday in an insider trading case, a day after he resigned from Congress and set off a scramble to fill his seat in his Republican-leaning district. Collins had initially denied charges he leaked confidential information about a...
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