Former Purdue Pharma President Richard Sackler said on Wednesday that his family’s reign over the OxyContin maker did not contribute to the national opioid epidemic and downplayed his role in a marketing strategy that prosecutors said led to some unsafe opioid prescriptions.
Brazilian prosecutors asked a bankruptcy court on Wednesday to compel miners Vale SA (VALE3.SA) and BHP Group Ltd (BHP.AX) to fully pay offtheir Samarco joint venture's 50.7 billion reais ($9.47 billion) debt, according to a court document reviewed by Reuters.
Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world's second-largest economy and the government has decided the rules of the game have changed?
The number of corporate bankruptcies in Japan fell at the fastest rate this year to hit the lowest in 50 years for a July, thanks to funding support from the government and banks, a private-sector credit research firm said on Tuesday.
Mall owner Washington Prime Group Inc (WPG.N) is preparing to seek bankruptcy protection as soon as this week after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent, people familiar with the matter said.