By Brendan Pierson and Disha Raychaudhuri (Reuters) – Companies accused of fueling the U.S. opioid crisis have so far paid out more than $3 billion to compensate states, but has any of the money reached the people who need it? It depends where you live. Yes, if you’re in Massachusetts; no, in Texas. A series…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) – India dominated the Paris Airshow for a second day on Tuesday, as Air India finalised a huge order for 470 planes from Airbus and Boeing. The agreement, when sketched out in February, was the largest ever plane deal by number of aircraft. But it was surpassed…
MILAN (Reuters) – UniCredit can keep rewarding investors at the current pace for at least another two years, its chief executive said on Tuesday as the bank prepared to launch its second share buyback this year. After walking away from a rescue deal for state-owned rival Monte dei Paschi, CEO Andrea Orcel has bet on…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Proxy advisory firm Institutional Investor Services urged Alkermes shareholders to elect one of three director candidates proposed by activist hedge fund Sarissa Capital, arguing more outside pressure on management is needed right now. ISS said Sarah Schlesinger, a physician with experience serving on public company boards, should be…
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union executive presented on Tuesday its economic security plan which seeks to convince the bloc’s 27 states to agree stronger controls on exports and outflows of technologies that could be put to military use by rivals like China. The European Commission sees exporting and sharing emerging technologies like…
KYIV (Reuters) – The son of one of the United States’ richest men criticised the international disaster response to the destruction of the Kakhovka dam in southern Ukraine this month as “disappointing” and inadequate, as he visited the nearby city of Kherson. Howard Buffett, a businessman and philanthropist, spoke to Reuters in an interview by…
By Baranjot Kaur and Akanksha Khushi (Reuters) -Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. The agreement, disclosed in…
ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s Euronext Milan exchange. Share trading, due to start on June 27 pending regulatory approval, is part of a dual listing, as Ferretti shares have been part of the Hong Kong Stock Exchange since last year….
(Reuters) -Volkswagen is in talks with its joint venture partner SAIC about whether to conduct an independent audit of its plant in Xinjiang, China, the company confirmed on Tuesday. The comment comes after German business Handelsblatt reported that preparations for an audit were already underway. Volkswagen declined to confirm this. It was in “good discussions”…
FRANKFURT (Reuters) – Ruediger Rass, an executive with Germany’s Commerzbank, has decided to remain in his current role rather than join the management board following discussions with the European Central Bank, a Commerzbank spokesperson said on Tuesday. Rass was to join the board of Commerzbank, one of the nation’s biggest banks, as chief risk officer….
