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...Speaking to the Financial Times following the Illinois verdict, Licht did not confirm or deny that the company was exploring a sale again. “Who is going to want to buy an infant formula business?”...
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...The Swiss bank Julius Baer has been a prominent casualty....
...“We won’t just sue, it will be extremely loud and we will go after the boards of directors of the companies too.”...
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...The jury in an Illinois state court came to the conclusion that one of its formulas for premature babies, Enfamil Premature 24, which is manufactured by Reckitt’s US infant formula business Mead Johnson,...
...Country Garden has missed its final deadline for the coupon payment on a dollar bond, according to three creditors, making what was once China’s biggest developer by sales the latest casualty of the country...
...The company will save $2.6bn by launching the SUV from Normal, Illinois, rather than Georgia and would expand the Midwestern plant’s capacity to 215,000 vehicles per year, according to the filing....
...The company will save $2.6bn by launching the SUV from Normal, Illinois rather than Georgia and would expand the Midwestern plant’s capacity to 215,000 vehicles per year, according to the filing....
...The company can either seek a post-trial dismissal motion or, if that fails, appeal to an Illinois district appellate court....
...Reckitt shares were set for a historic plunge as investors considered the potential fallout after a court awarded $60mn in damages to an Illinois woman who said her baby died after consuming the company’...
...US lender Capital One is nearing a deal to buy rival Discover Financial, according to two people familiar with the matter, in a tie-up that would unite two of America’s largest credit card companies....
...Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, evacuated personnel from some of its plants....
...Instead he is working illegally for a delivery company that pays him only $80 for a 12-hour day, and trying to get a lawyer to take his case....
...Last week Illinois senator Tammy Duckworth urged the FAA not to certify the Max 7, based on concerns that the exemption request, if granted, would endanger passengers....
...An Illinois court on Friday awarded $60mn in damages to a mother whose child died after consuming Enfamil baby formula....
Activity in futures contracts linked to cryptocurrency surges to record levels in January
...But the delay does nothing for battered confidence in a company that seems stuck in a never-ending turnaround....
...Companies: LVMH reports its first-quarter sales as succession plans at the world’s biggest luxury group speed up. Bank of America, Johnson & Johnson and Morgan Stanley report earnings....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Its shares collapsed this week after an Illinois court awarded $60mn in damages to a mother whose child died after consuming Enfamil baby formula....
...The merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...The California-based company, which produces its cars in Illinois, delivered 13,972 EVs in the final three months of 2023, missing analyst expectations of 14,114, as compiled by Bloomberg....
...The company behind Chrysler, Jeep and other brands had idled the plant in December, laying off 1,200 workers. The UAW secured its reopening after a 46-day strike against Detroit’s big three carmakers....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
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