A Johnson & Johnson company cannot delay a court order dismissing its bankruptcy, a U.S. court said on Friday, despite the company’s planned Supreme Court appeal to use bankruptcy to resolve tens of thousands of lawsuits over its talc products. J&J sought to use the bankruptcy of its subsidiary company, LTL Management, to halt more…
Johnson & Johnson Unit Loses Bid to Stay in Bankruptcy During Supreme Court Appeal
Barclays Warns of ‘Second Wave’ of Deposit Outflows as ‘Sleepy’ Depositors Awake and Run for Exits
March 31, 2023
admin
BarclaysBusiness & MarketsCompaniesdeposit outflowseconomic policieseconomyInvestmentMarketsUSUS News
0 Comment
After a month of uncertainty, Barclays warned that a “second wave” of deposit outflows is increasingly likely, a sign that the latest banking crisis is far from over. The collapse of Silicon Valley Bank (SVB) and Signature Bank forced federal regulators to rush to backstop the banking system, which calmed market fears in the short…
NSA Cybersecurity Head Calls Chinese-Owned TikTok a ‘Trojan Horse’
The head of the U.S. National Security Agency’s cybersecurity division said that the Chinese-owned application TikTok is China’s “trojan horse” and poses a long-term security threat to Americans, according to Bloomberg. Instead of only looking at the direct threat of TikTok’s manipulated content, Rob Joyce said that the U.S. government should monitor TikTok’s China-based parent…
21 State AGs Warn 53 Banks Against Adopting the ESG Scoring Systems
March 31, 2023
admin
AGsBusiness & MarketsCompanieseconomyESGInvestmentPoliticsRegional & State NewsSTATEState NewsUSUS News
0 Comment
A group of attorneys general (AG) representing 21 states have issued a letter to 53 of the largest asset management firms in the United States, warning that they may be in breach of their legal duties to their clients if they pursue Environmental, Social, and Governance-based (ESG) investment programs. The letter, organized by Attorneys General…
World Bank Says Economic Recoveries in East Asia Are Losing Steam
March 31, 2023
admin
Asia & PacificBusiness & MarketsChinaCompanieseast asiaeconomic policiesEconomieseconomyinflationMarketsrecessionWorldWorld Bank
0 Comment
The World Bank said that Asian economies are beginning to lose steam after making a recovery from the pandemic. The smaller economies in East Asia, which have largely regained their pandemic-era losses, are now facing a stalled recovery as productivity begins to lag, according to a World Bank report from March 31. Across the Asia-Pacific…
Shares and Bonds Ride High After Soothing Eurozone Data
March 31, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Share markets pushed for a fifth straight day of gains on Friday and bonds headed for their best month since 2008, as a record monthly drop in the eurozone’s inflation rate raised investors’ expectations for similar U.S. data later in the day. With an action-packed first quarter also drawing to a close world stocks were…
Business Owner Waves White Flag After Battering From Inflation, High Energy Prices, Globalisation
March 31, 2023
admin
Arif MemisAustraliaBrisbaneBusiness & MarketsBusinesses in COVID-19CompaniesInternationalQueenslandsmall businessWorld
0 Comment
On the same day Australia’s top leaders were busy revealing details of the impending “Voice” referendum—garnering national media attention—business owner Arif Memis was scrambling to hold the fort around his embattled Cowch Dessert Cocktail Bar. Bruised and battered by a series of crises—some natural, some government-made—Memis has been forced to hand over the keys to…
Analysts: Deutsche Bank Is Not the Next Credit Suisse
March 30, 2023
admin
bank failuresBusiness & MarketsCompaniesCredit SuisseDeutsche Bankeconomic policieseconomyEuropean banksEuropean Central Bank (ECB)germany inflationinflationInvestment
0 Comment
After the collapse of Switzerland’s second-largest bank, Credit Suisse, investors looking for the next bank failure fixed their eyes on Deutsche Bank, Germany’s largest bank. The tell-tale signs of blood in the water appear in a bank’s share price and the cost of its credit-default swaps (CDS). Equity investors last week sold off Deutsche Bank…
Used-Car Prices Are Back Up Again This Month, After Easing for Nearly a Year
March 30, 2023
admin
Business & MarketsCompaniesCox AutomotiveeconomyinflationMarketsUSUS Newsused car pricesvehicle inventoryvehicle production
0 Comment
Used-car prices in the United States have gone back up again in March, after easing for months. The average used-vehicle price was gradually leaning toward affordable again for millions of Americans for almost a year. Although the relief was relatively slight, many car buyers benefited from the price decline. The average used-car purchase had dropped from…
Roku to Cut 6 Percent of Workforce as Tech Layoffs Rise Over 60,000 So Far in 2023
Roku, the digital streaming device maker, announced another round of layoffs, as the number of job losses in the tech industry rises over 60,000 in 2023. The company said it would lay off another 200 workers, or 6 percent of its workforce, in a Securities and Exchange Commission (SEC) filing on March 30, a few months after cutting…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta