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...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...In response to “The loneliness of Mike Pence”:“While some corporations may revel in Biden’s industrial policy and the funds that it brings, genuine capitalists have no more use for this than they do for...
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...The filing against PepsiCo, the world’s second-largest food company, is one in a swell of lawsuits brought by local authorities, consumer protection groups and non-profits against corporations about their...
...The FT’s US pharmaceutical correspondent Jamie Smyth helps us explore whether J&J’s use of this manoeuvre is setting a precedent for corporations to evade accountability in America....
...Victor Fleischer, a tax law professor at the University of California at Irvine, told the Financial Times that US investors were more accustomed to traditional corporations which offer more recourse for...
...Adam SilversteinMemberOtterbourg Over the past year, Adam Silverstein has played a crucial role in clamping down on big corporations deploying the so-called Texas two-step, whereby a company facing mass...
...“The fact the economy has stayed resilient even if overall growth has been subdued, that is a very positive thing,” said Christopher Rossbach, chief investment officer of J Stern & Co, a longtime shareholder...
...The two companies have also signed a long-term partnership that will see Great-West Lifeco’s parent, the Power Corporation of Canada, allocate $25bn to Franklin’s alternative investment funds, which had...
...Moody’s Investor Service said the talc ruling was a “credit negative” for J&J but would not affect its triple A rating....
...In March a judge dismissed J&J’s first attempt to use the bankruptcy courts to manage claims that its talcum powder could cause cancer....
...“J’accuse!” he wrote in a scathing critique of UK cabinet ministers after a report that they were at risk of court action for not acting fast enough on climate change. “DWS????!”...
...“Bankruptcy courts are for honest companies in financial distress, not billionaire mega-corporations like J&J, 3M and Koch Industries, that seek to close courthouse doors to their victims.”...
...Ro Khanna, a Democratic congressman from California, on Sunday encouraged the FDIC to work with private-sector institutions to come up with a solution for First Republic....
...The motion to dismiss Bestwall’s bankruptcy follows a landmark ruling issued last month by the Third US Circuit Court of Appeal, which dismissed the bankruptcy of LTL, a subsidiary of J&J, on the grounds...
...how much it would cost to take over the embattled California lender....
...The California tech giant and Wall Street bank on Monday launched a new savings account yielding 4.15 per cent a year, having first announced the product in October....
...J&J denies its products harmed people, and did not respond to a request for comment....
...According to Brad Sherman, a Democratic congressman from California on the House financial services committee, the government became convinced that it had to take aggressive action to restore confidence...
...SVB was taken over by the Federal Deposit Insurance Corporation on March 10 after it announced a $1.8bn loss on sales of securities, sparking a share price collapse and a deposit run....
...The California Public Employees’ Retirement System and Caisse de Depot et Placement du Quebec have also filed a petition that is up for a vote tomorrow, demanding Berkshire publish a climate report....
...J&J has established a $2bn trust to facilitate settlements in those cases....
...“Don’t be fooled,” he says, “Prop 30 . . . was devised by a single corporation to funnel state income taxes to benefit their company . . ....
...King and J Crew....
...The rescue has parallels to the Panic of 1907, when J Pierpont Morgan locked a group of bank chieftains in his library until they could uncover a bank rescue plan after the failure of Knickerbocker Trust...
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