By Dietrich Knauth (Reuters) -Cancer victims on Monday urged a U.S. judge to dismiss a Johnson & Johnson subsidiary’s second bankruptcy filing, saying the company is abusing the bankruptcy system in its renewed attempt to resolve tens of thousands of lawsuits alleging that J&J’s baby powder and other talc products caused cancer. The J&J subsidiary,…
By Rich McKay (Reuters) – The former Minneapolis-area police officer convicted of killing Daunte Wright was released from prison on Monday after serving part of her sentence for the fatal shooting that took place while another white officer was on trial for George Floyd’s murder in a nearby courtroom. Kimberly Potter, now 50, was found…
By Laura Sanicola (Reuters) -Oil prices settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil importer. Brent crude settled up $1.07, or 1.3%, at $82.73 a barrel while U.S. West Texas Intermediate crude settled up 89 cents, or 1.1%, at…
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low risk places to park cash. Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default,…
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low risk places to park cash. Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default,…
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co on Monday topped Wall Street estimates for first-quarter revenue and profit, benefiting from resilient demand for its sodas as well as multiple price increases undertaken to combat higher commodity and shipping costs. The company said in February it would raise soda prices further in 2023 “across the world”…
LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. The country, which was the major sovereign casualty of the COVID-19 pandemic and has been in default since 2020, said on Friday it would share a first fully-formed debt restructuring plan with…
By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit…
WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and Assa Abloy, the world’s biggest lockmaker, began arguments Monday in a fight over whether the Swedish company can go forward with a $4.3-billion deal to buy a division of Wisconsin-based Spectrum Brands Holdings Inc that makes residential door locks. Speaking for the government, Matthew Huppert…
FRANKFURT (Reuters) – Daimler Truck on Monday said its first-quarter results came in above market expectations, boosted by what it said was strong demand and an increase in unit sales. Preliminary first-quarter adjusted earnings before interest and tax cane in at 1.162 billion euros ($1.28 billion), up 78% year-on-year and also higher than the 976…
