Citigroup Inc. is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon Inc., the now-bankrupt cosmetics company controlled by billionaire Ronald Perelman. In a Thursday …
Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns. Policymakers have …
A record bird flu outbreak in the UK has resulted in culling of almost half of the nation’s free-range turkeys for Christmas, according to the poultry industry group. About 600,000 free-range birds have been culled or died as a result …
KKR & Co.’s buyout of a French insurance broker is offering a window into the diminishing power of Wall Street’s vaunted leveraged finance machine. The buyout firm agreed to fund on its own the totality of the €2.3 billion ($2.4 …
The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement.” FTX has ousted …
Meta Platforms Inc. unlawfully steered dozens of hiring ads from trucking companies and other advertisers to mostly one gender or age group, an advocacy group for female truckers alleged in a U.S. complaint on Thursday, citing the social media giant’s …
Despite recent hurricanes in Florida, continued insurance claims litigation, and steadily rising reinsurance rates, insurers and reinsurers have reason to be optimistic about the next few years. Due to a variety of factors, including large loss events, the state is …
A New York law prohibiting hate speech on social media was challenged by the Volokh Conspiracy legal blog and the Peter Thiel-backed video site Rumble Inc., which claimed the measure will hurt online services and seek to silence unfavorable but …
About 50 correctional officers at a Massachusetts prison are participating in a pilot program to evaluate the use of body cams in improving safety and transparency in state Department of Correction facilities, officials announced Monday. The program is taking place …
New Mexico is suing more than a dozen tobacco companies, accusing them of conspiracy and breach of contract. Attorney General Hector Balderas announced the legal challenge this week, claiming that the companies have been withholding portions of annual payments that …
