SVB Financial defeats FDIC effort to seize incoming tax refunds
By Dietrich Knauth NEW YORK A U.S. bankruptcy judge on Wednesday ordered the U.S. Federal Deposit Insurance Corporation
2023-05-18 05:17
Senate Finance chair pushes GOP megadonor for answers about financial ties with Clarence Thomas
Senate Finance Chairman Ron Wyden is pushing back on assertions from GOP megadonor Harlan Crow that the panel lacks authority to request personal tax information and travel records from him as part of a probe into whether hospitality he provided to Justice Clarence Thomas could have triggered violations of US tax law.
2023-05-18 04:59
WeWork Plunges as ‘Disruptive’ CEO Change Prompts Downgrade
WeWork shares slumped 25% to an all-time low Wednesday after an abrupt CEO change prompted analysts at Mizuho
2023-05-18 04:59
1,100-year-old Hebrew Bible sells for $38M at auction in New York
A 1,100-year-old Hebrew Bible that is one of the world’s oldest surviving biblical manuscripts has sold for $38 million in New York
2023-05-18 04:58
Who's who in the debt limit fight: Meet the four negotiators who could save the US from default
President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation’s borrowing authority and avoid the economic carnage that would ensue if a deal is not reached soon
2023-05-18 04:56
US sharply raises shale oil drilling count but not output forecast
By Stephanie Kelly NEW YORK U.S. oil producers were much more active last year in the prolific Permian
2023-05-18 04:50
Walgreens reaches $230 million opioid settlement with San Francisco
By Jonathan Stempel San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance
2023-05-18 04:28
Pet food manufacturer Alphia explores sale - sources
By Abigail Summerville NEW YORK Alphia is exploring options including a sale that could value the private equity-owned
2023-05-18 04:26
BP subsidiary agrees to record $40M penalty and pollution-cutting steps at Lake Michigan refinery
Federal officials say a BP subsidiary will pay a $40 million penalty and install technology to control the release of benzene and other contaminants at its Whiting oil refinery in northern Indiana
2023-05-18 04:24
U.S. FTC expands probe into pharmacy benefit managers
The U.S. Federal Trade Commission said on Wednesday it had sought information from two companies that negotiate drug
2023-05-18 04:24
Bowlero Corp. Announces Record-Breaking Results for the Third Quarter of Fiscal Year 2023
RICHMOND, Va.--(BUSINESS WIRE)--May 17, 2023--
2023-05-18 04:17
EU's Borrell asks for 3.5 billion boost to fund used for Ukraine military aid
By Andrew Gray BRUSSELS (Reuters) -European Union foreign policy chief Josep Borrell has proposed adding 3.5 billion euros ($3.85 billion)
2023-05-18 03:58