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A US court dismissed J&J's bankruptcy strategy for tens of thousands of talc lawsuits

A US court dismissed J&J’s bankruptcy strategy for tens of thousands of talc lawsuits

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Jan 30 (Reuters) – A US appeals court overturned the Johnson & Johnson trial (JNJ.N) Attempting to offload tens of thousands of lawsuits related to its talc products into bankruptcy, it ruled that the healthcare group had improperly placed a subsidiary in Chapter 11 proceedings even though it did not face financial hardship. The decision …

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UK regional airline Flybe halts trading and cancels all flights

UK regional airline Flybe halts trading and cancels all flights

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Collapsing for the second time in three years 276 workers were laid off by administrators About 75,000 customers have future bookings Affected by the delay in the delivery of aircraft Competitors see higher demand LONDON (Reuters) – British regional carrier FlyBe on Saturday suspended trading for the second time in three years, with all flights …

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Oil settled mixed after hitting a 7-week high amid strong expectations for China

Oil settled mixed after hitting a 7-week high amid strong expectations for China

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Brent crude and US crude hit their highest levels since early December The Group of Seven industrialized nations (G7) is seeking to set a price cap for Russian oil products India’s crude imports hit a five-month high in December NEW YORK (Reuters) – Oil prices were mixed on Monday, falling as investors reaped, jumping to …

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