The bankruptcy of Purdue Pharma LP lays bare a distinction that the internet is making it more and more difficult to maintain: that between a company and the people who own or founded it. The Sackler family owns Purdue Pharma, …
PG&E Corp. sought to assure a judge it’s making progress on fire prevention, saying it’s exceeding regulatory requirements to clear vegetation from power lines. Kevin Orsini, a lawyer for the utility, on Tuesday acknowledged criticism from a court-appointed compliance monitor, …
London-Based Davies Buys US Claims Shop Davies Group, an international consulting firm based in London, has acquired Frontier Adjusters, a multi-line independent claims adjusting shop headquartered in Independence, Ohio. The purchase marks Davies’ first claims deal in the United States. …
FARMINGTON, Maine — A powerful propane explosion leveled a recently opened nonprofit center after crews arrived to investigate the smell of gas Monday morning, killing one firefighter and injuring six other people, including fellow firefighters, officials said. The building had …
Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times report citing unidentified Saudi sources contradicted an earlier article from Reuters that the kingdom is close to restoring …
Companies are working to balance their desire for new innovations with their need for strong cyber-defenses, a new report from CompTIA, a technology industry trade association, finds. CompTIA’s “Cybersecurity for Digital Operations,” based on a survey of 500 U.S. businesses, …
HIGH ROCK, Bahamas — One woman and her husband huddled on top of a bedroom dresser for two days, surrounded by floodwaters. Another man sat in his wheelchair for nearly 48 hours in water up to his chest, alone in …
New Federal Aviation Administration chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured” Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday. Boeing plans to revise the …
If Purdue Pharma LP wants its bankruptcy plan to work, it’ll have to find a way to halt the kind of government lawsuits that normally can’t be stopped by a Chapter 11 case. Purdue said the point of its court …
When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by …