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Increasing attendance by staff in the office leads to decision on taking on new space
...The company’s first attempt to use the so-called “Texas two-step” manoeuvre to split off and settle thousands of cases alleging talc powder caused cancer had been rejected in January by the Third US Circuit...
...Late on Friday, a New Jersey bankruptcy court ruled that the big pharma company could not pursue a bankruptcy deal with tens of thousands of consumers who claim its talc powder caused serious illness....
...A US judge temporarily halted tens of thousands of legal claims that Johnson & Johnson’s talcum powder causes cancer from proceeding to trial on Thursday in a move that hands the company more time to agree...
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...Yet when President Joe Biden visited on Wednesday, his only stop was to the headquarters of the United Steelworkers....
...A group of law firms representing almost 70,000 claimants who allege Johnson & Johnson’s talcum powder caused their cancers have agreed to support a $8.9bn settlement with the healthcare products company...
...Both sides can then benefit if investors put a premium on companies incorporated there....
...Tesla insisted its advisers’ analysis suggested that there would be no discount applied to a company in an untested legal environment....
...LTL, the unit created by J&J to house the talc claims, would again file for bankruptcy in order to facilitate the settlement, the company said....
...This represented a second attempt to resolve thousands of claims for the alleged carcinogenic properties of talc powder. The first case was dismissed earlier this year....
...United’s shares fell by almost 4 per cent on Wednesday following the cut in profit forecasts....
...While Ineos operates several businesses, including an automobile company (Ineos Grenadier) and a fashion brand (Belstaff), nothing suggests that Ratcliffe is prepared to squander money....
...for both companies....
...The company is eager to resolve the uncertainty regarding the talc claims before it spins off its consumer health division in coming months....
...In July, companies listed in Shanghai said Zhongrong, a trust company that Zhongzhi owns a stake in, had failed to make investment payments....
...The demands on the power grid are “top of mind” for Amazon, said the company’s sustainability chief, Kara Hurst, adding that she was “regularly in conversation” with US officials about the issue....
...The votes will take place at the company’s annual meeting on June 13....
...The company has said its talc is asbestos free and had not caused cancers but argues that settling current and future claims in the bankruptcy system would be preferable to fighting talc claims in the courts...
...Workers at a Volkswagen plant in Chattanooga, Tennessee voted to form a union on Friday, the first victory in the United Auto Workers’ campaign to build on last year’s strike against the Detroit Three by...
...The Biden administration is proactively encouraging US tech groups to seek artificial intelligence deals and partnerships in the United Arab Emirates, seeking to cultivate an alliance that would provide...
...But the hedge fund’s employees are in good (ie rich) company....
A dispatch from FT Alphaville’s maritime correspondent
International Edition