By Brendan Pierson (Reuters) -The Kroger Co has agreed to pay West Virginia $68 million to settle claims that it fueled the opioid epidemic through lax oversight of its pill sales, bringing the state’s years-long litigation over the opioid crisis to a close. The deal, announced Thursday by West Virginia Attorney General Patrick Morrisey, comes…
By Raphael Satter and Christopher Bing (Reuters) – Hacker sabotage has disrupted several public services in Dallas, closing courts and knocking emergency services websites offline, officials said on Thursday. Courts were closed Wednesday and will remain closed Thursday, the City of Dallas said in a series of statements posted to the web. Although the statements…
By Emma-Victoria Farr and Oliver Hirt FRANKFURT/ZURICH (Reuters) – UBS is reviewing options for Credit Suisse’s Swiss bank, including potentially keeping the unit’s investment banking operations while selling the rest, two people familiar with the matter told Reuters. UBS is studying plans to sell the Swiss banking business of Credit Suisse in an initial public…
By Richard Cowan WASHINGTON (Reuters) – A fresh push for a bipartisan immigration overhaul, coupled with enhanced border security, is emerging in the U.S. Congress, as thousands of migrants amass across the border in Mexico ahead of the end of COVID-era border restrictions next week. The latest among those efforts is a last-minute legislative push…
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday against the euro after the European Central Bank eased its pace of rate hikes, a day after the Federal Reserve hiked rates by 25 basis points and indicated that it may pause further increases. The ECB’s 25-basis-point increase was the smallest since it…
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday against the euro after the European Central Bank eased its pace of rate hikes, a day after the Federal Reserve hiked rates by 25 basis points and indicated that it may pause further increases. The ECB’s 25-basis-point increase was the smallest since it…
By Lisa Barrington DUBAI (Reuters) – The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen’s coast and avert an environmental disaster. U.N. officials have been warning for years that the Red Sea and…
By Medha Singh and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged on Thursday, dragging other regional lenders down after the Los Angeles-based bank’s plan to explore strategic options sparked investor worries of a widening financial crisis. PacWest’s stock slumped more than 40% in afternoon trading, dropping to a record low. The bank had confirmed…
By Laura Sanicola (Reuters) – Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9% for the week on demand concerns in major consuming countries. Brent futures settled up 17 cents, or 0.24%, to $72.50 a…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Carlyle Group Inc sank on Thursday after it posted a first-quarter distributable earnings that missed most analyst estimates owing to a sharp drop in income from asset sales in its private-equity portfolio. Carlyle lowered its outlook on the closely watched fee-related earnings as it anticipates that the…
