Tag: Corporate news
Brand firm takes controlling stake in Toys R Us parent
NEW YORK — A New York-based brand management firm that already owns Anne Klein and Joseph Abboud is taking a controlling stake in the...
Texas company behind huge electricity bills seeks bankruptcy
<p>The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy...
Volkswagen plans six battery factories to ramp up electrics
FRANKFURT, Germany — Volkswagen plans six large battery factories in Europe by 2030 to power sales of more electric cars while driving down battery...
Union: Ford backs out on vow to add new model at Ohio plant
<p>DETROIT — Ford Motor Co. has backed out on a contract promise to invest $900 million at an assembly plant outside Cleveland for an...
California sues major US nursing home operator over ratings
SACRAMENTO, Calif. — California's attorney general and local officials sued the nation's largest senior living home operator Monday, alleging the company misled consumers on...
With NIL reform in limbo, NCAA heading toward busy June
The NCAA's efforts to allow athletes to earn money from personal endorsement and sponsorship deals are stuck in limbo, and June is shaping up...
Hope that South Africa’s COVID-19 corruption inspires action
<p>CAPE TOWN, South Africa — There's some hope in South Africa that this time the outrage against corruption inspires effective action.</p>
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OxyContin maker Purdue proposes $10B plan to exit bankruptcy
Purdue Pharma, which helped revolutionize the prescription painkiller business with its drug OxyContin, is proposing a $10 billion plan to emerge from bankruptcy that...
WNBA rolls out plans for 25th season celebration
<p>NEW YORK — The WNBA hopes to be back in home arenas for its 25th season this summer. </p>
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Iran starts trial of new homegrown vaccine as campaign lags
TEHRAN, Iran — Iran's campaign to inoculate its population against the coronavirus and promote itself as an emerging vaccine manufacturer inched on as health...