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...Reckitt previously sought a sale of the business in 2022. Speaking to the Financial Times following the Illinois verdict, Licht did not confirm or deny that the company was exploring a sale again....
...“We won’t just sue, it will be extremely loud and we will go after the boards of directors of the companies too.”...
...Shares in Travelers, one of the biggest US insurers, rose 7 per cent in early trading on Wall Street after it posted fourth-quarter net profits of $1.6bn, doubling from the same period the previous year...
...But an analysis of the indemnity clauses published by the cloud computing companies show that the legal protections only extend to the use of models developed by or with oversight from Google, Amazon and...
...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,...
...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....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...The company can either seek a post-trial dismissal motion or, if that fails, appeal to an Illinois district appellate court....
...Still, that’s quite the drag on the UK government’s finances over the next few years, all because of an indemnity to guard the BoE against the optics of fiscal dominance....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...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....
...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....
...Boeing has withdrawn a request that would have expedited official approval for its upcoming 737 Max 7 jet amid a deepening crisis at the company following the blowout of a section of fuselage on one of its...
...An Illinois court on Friday awarded $60mn in damages to a mother whose child died after consuming Enfamil baby formula....
...BROOKE MASTER: The whole period in the 80s and 90s came at a time when lots of companies were combining in lots of different areas....
...The open interest marker, a sign of the depth and liquidity of a futures market, has enabled CME to leapfrog Binance as the world’s largest exchange for trading derivatives of bitcoin....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...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....
...However, the share prices of the credit card companies tell you that not all card companies will be affected equally. Read more here....
...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 incident, which involved the Max 9 model, has dealt a heavy blow to Boeing’s reputation and raised numerous safety and quality control questions at the company....
...If it is a charitable company, you will also be a director under company law and need to ensure the charity complies with company law requirements in addition to charity law....
...Biden was speaking to members of the United Auto Workers during a trip to meet UAW president Shawn Fain in Belvidere, Illinois, a town about 90 minutes north-west of Chicago which is home to a Stellantis...
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