Latest Business News
Ruling clears way for Purdue Pharma to settle opioid claims, protects Sacklers from lawsuits
A federal appeals court cleared the way for the maker of OxyContin to settle thousands of legal claims tied to the opioid epidemic while shielding the wealthy owners of Purdue Pharma, the Sackler family, from future lawsuits. Under the plan approved Tuesday by the 2nd U.S. Circuit...
Twitter NYC cleaning workers sue over firings they say spoiled 'Christmas holidays'
NEW YORK (AP) — Eleven former Twitter cleaning workers at its New York City offices sued the company Tuesday, saying they are owed hundreds of thousands of dollars in back pay and damages after they were abruptly fired in December. The lawsuit in Manhattan federal court maintained...
North Carolina legislature passes insurance bill allowing Blue Cross to reorganize
RALEIGH, N.C. (AP) — The North Carolina legislature gave final approval Tuesday to a bill allowing the state's leading health insurance provider to restructure despite criticisms from the state insurance commissioner that it would erode his regulatory authority and undermine his ability to...
Minnesota governor signs bill legalizing recreational marijuana starting in August
ST. PAUL, Minnesota (AP) — Surrounded by dozens of cheering people in green clothes, Minnesota Democratic Gov. Tim Walz signed a bill Tuesday to legalize recreational marijuana for people over the age of 21 starting in August, making Minnesota the 23rd state to legalize the substance for adults....
6 Sonic Drive-In restaurants in Nevada pay $71K in child labor law fines
RENO, Nev. (AP) — The owners and operators of six Sonic Drive-In restaurants in northern Nevada have paid more than $71,000 in civil penalties to resolve violations of federal child labor regulations at their locations in Reno, Sparks, Carson City, Fallon and Minden, the U.S. Labor Department...
Satellos Bioscience: Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Satellos Bioscience Inc. (MSCLF) on Tuesday reported a loss of $1.2 million in its first quarter. On a per-share basis, the Toronto-based company said it had a loss of 3 cents. _____ This story was generated by ...
Youngkin: Virginia agencies eliminating higher-ed degree requirements for some state jobs
RICHMOND, Va. (AP) — The state of Virginia is set to make a big change in a hiring practice by eliminating the requirement or preference that applicants for many executive branch jobs have a higher-education degree. “This landmark change in hiring practices for our state...
U-Haul Holding Company: Fiscal Q4 Earnings Snapshot
RENO, Nev. (AP) — RENO, Nev. (AP) — U-Haul Holding Company (UHAL) on Tuesday reported net income of $37.7 million in its fiscal fourth quarter. On a per-share basis, the Reno, Nevada-based company said it had net income of 16 cents. The parent company of the U-Haul...
Elizabeth Holmes enters Texas prison to begin 11-year sentence for notorious blood-testing hoax
BRYAN, Texas (AP) — Theranos founder Elizabeth Holmes entered a Texas prison Tuesday where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. Holmes, 39, could be seen from outside the prison’s...
NATO to send 700 more troops to Kosovo to help quell violent protests
PRISTINA, Kosovo (AP) — NATO will send 700 more troops to northern Kosovo to help quell violent protests after clashes with ethnic Serbs there left 30 international soldiers wounded, the alliance announced Tuesday. The latest violence in the region has stirred fear of a renewal of...
