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Reckitt Expects U.S. Infant Formula Shortage Until Spring

The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according to Reckitt Benckiser, the maker of what is now the biggest brand in the market, …

Pilot Cited ‘Rigging Issue’ Before Small Plane Crashed in Pennsylvania

HANOVER TOWNSHIP, Pa. (AP) — Federal investigators say the pilot of a small experimental plane spoke of a problem with the aircraft shortly before it went down in a northeastern Pennsylvania farm last month, killing himself and another person. Authorities …

Report Shows California Gun Data Breach Was Unintentional

California’s Department of Justice mistakenly posted the names, addresses and birthdays of nearly 200,000 gun owners on the internet because officials didn’t follow policies or understand how to operate their website, according to an investigation released this week. The investigation, …

Marsh McLennan Acquires McDonald Zaring in Washington

Marsh McLennan Agency acquired McDonald Zaring Insurance in Walla Walla, Washington. McDonald Zaring Insurance serves individuals and businesses across all industries and sizes, including agri-business, wineries, financial institutions, health clinics and contractors. Marsh McLennan Agency, or MMA, is a subsidiary …

2022 Hurricane Season Ends But Was the Third-Costliest on Record, Thanks to Ian

An Atlantic hurricane season that had 14 named storms officially ended on Wednesday, leaving residents in the Florida Keys to celebrate even as others around Florida and Puerto Rico continue to grapple with the damage caused by Hurricanes Ian, Nicole …

EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere

The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU climate change targets. The …

New Details on Alabama Twister that Killed Woman and Son, Left Path of Destruction

The twister that smashed through a small Alabama community this week, during an outbreak of tornadoes across the Deep South, killed a 39-year-old woman and her 8-year-old son on a street where generations of one family lived. One of dozens …

‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best

Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and expands supply? Analysts from AM Best raised the question in a new Best’s Market Segment Report published Wednesday, titled “Market …

Swiss Gov’t Seeks Mandatory Reporting of Cyberattacks on Key Infrastructure

The Swiss government proposed on Friday making it mandatory to report cyberattacks on critical infrastructure as a way to help shed light on hackers and sound the alarm more widely. It asked parliament to approve legislation that creates the legal …

Citigroup in Talks to Recoup Errant $500M Revlon Loan Payment

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 …

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