Monthly Archives: <span>July 2020</span>

Russian Watchdog Seeks $2B in Damages From Nornickel Over Arctic Fuel Spill

Russia’s environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel to pay almost 148 billion roubles ($2 billion) in damages over an Arctic fuel spill in Siberia. Rosprirodnadzor said in a statement on Monday that it …

Refiner Phillips 66’s Return-to-Work Policy Stirs Unease as Virus Flares

About 20 employees of U.S. oil refiner Phillips 66 tested positive at its Texas headquarters for COVID-19 in recent weeks, people familiar with the matter said, alarming employees as the company strove to keep staff working in its offices. Texas …

Insurers May Rethink Property Risk After Unprecedented Losses From Riots

The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states — an unprecedented property insurance catastrophe that will likely impact policy renewals and could even persuade some insurers to exclude …

PG&E Exits Bankruptcy After Wildfires Pushed It to Brink of Ruin

Nearly a year and a half after collapsing under $30 billion in liabilities from wildfires sparked by its equipment, PG&E Corp. has emerged from the biggest utility bankruptcy in U.S. history. The California power giant said in a statement Wednesday …

Gun Demand Is Off the Charts in America

U.S. consumers are rushing to buy guns as the Covid-19 pandemic and protests over police brutality combine with U.S. presidential politics to fuel unprecedented demand. Firearm background checks compiled by the Federal Bureau of Investigation, a proxy for gun purchases, …

Novartis Settles U.S. Fraud Lawsuit Over Sham Speaker Programs

NEW YORK — Novartis AG agreed to pay $678 million to settle a civil fraud lawsuit brought by the U.S. government accusing the Swiss drugmaker of paying millions of dollars in kickbacks to doctors to induce them to prescribe its …

Former Indivior CEO Pleads Guilty in U.S. in Opioid Addiction Treatment Probe

Shaun Thaxter, the former chief executive of drugmaker Indivior Plc, pleaded guilty on Tuesday to a criminal charge arising out of a U.S. Justice Department investigation into the marketing of its opioid addiction treatment Suboxone. Thaxter pleaded guilty in federal …

Nornickel Draws Up Permafrost Monitoring Plan After Arctic Fuel Spill

MOSCOW, July 2 — Russia’s Norilsk Nickel , a major global nickel and palladium producer, has prepared a long-term program to monitor permafrost and remedy environmental damage after an Arctic fuel spill in its home city, it said on Thursday. …

Weinstein Reaches Tentative $19M Deal With Accusers

NEW YORK — Harvey Weinstein and his former studio’s board have reached a nearly $19 million settlement with dozens of his sexual misconduct accusers, New York state’s attorney general and lawyers in a class-action lawsuit said Tuesday. The agreement was …

Portland’s Downtown Police Precinct Boarded Up

PORTLAND, Ore. — Workers have installed plywood over windows and washed off graffiti near the entrance to the downtown Portland police headquarters after police say windows were smashed and plywood was removed from doors. The vandalism happened after the Multnomah …