By Brendan Pierson (Reuters) -New York’s attorney general on Wednesday accused nursing home operator Centers Health Care and its owners of stealing $83 million in government funds while understaffing its facilities, resulting in widespread neglect, illness and death among residents. In a lawsuit filed in state court in Manhattan, Attorney General Letitia James sought to…
By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan will come to a head on Thursday at an unusual two-day court hearing in Delaware that may be critical to the cinema chain’s survival. A judge on the Court of Chancery will consider approving a…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the “stress test” exercise, the Fed tests big banks’ balance sheets against a hypothetical severe economic downturn, the elements of which change annually. The results…
By Sarah N. Lynch WASHINGTON (Reuters) -The U.S. Justice Department on Wednesday announced federal and local criminal charges targeting 78 defendants across 16 states as part of a law enforcement action involving $2.5 billion in alleged healthcare fraud schemes targeting elderly and disabled people, HIV patients and even pregnant women. The cases range from allegations…
(Adds word entertainment in paragraph 15 to make clear the reference is to entertainment clients, not all clients) By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Before Hollywood writers walked off the job in early May, Pam Elyea’s prop house History for Hire filled an average of 53 requests per week for everything from…
WASHINGTON (Reuters) – In a new verbal slip-up, U.S. President Joe Biden said on Wednesday that Russian President Vladimir Putin was “losing the war in Iraq” when he meant to say Ukraine. Speaking to reporters briefly before departing the White House on a trip to Chicago, Biden was asked if Putin had been weakened by…
(Reuters) – Four times Olympic gold medallist Simone Biles will return to competition in early August at the U.S. Classic in Chicago, USA Gymnastics said on Wednesday, in what will be her first event since the Tokyo Games in 2021. The 26-year-old will take part in the single-day event on Aug. 5 having been out…
PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels needed to get inflation headed to a 2% target, ECB policymaker Francois Villeroy de Galhau said on Wednesday. “Due to monetary lags, length is more important than level,” Villeroy, who…
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) – Turmoil in the occupied West Bank, where violence between Jewish settlers and Palestinians is spiraling, is making Israel’s goal of normalizing relations with Saudi Arabia “a lot tougher, if not impossible,” U.S. Secretary of State Antony Blinken said on Wednesday. The Biden administration earlier this week…
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -Bank of England (BoE) Governor Andrew Bailey said it remained to be seen if financial markets are right about how high the British central bank will need to raise interest rates, and how long it will be before the first rate cuts are made. Financial markets…
