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Business
J&J subsidiary files for bankruptcy again to settle talc lawsuits
A Johnson & Johnson subsidiary filed for bankruptcy protection for the third time in an effort to resolve the tens of thousands of lawsuits claiming its baby powder and…
CMA CGM to pursue further acquisitions after Brazilian port operator deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CMA CGM has said it will pursue more acquisitions despite…
Bill Gates says ultra-wealthy would ‘have a third as much’ if he created tax system
Bill Gates said that billionaires like himself would be much less wealthy if he designed the U.S. tax system. In the Netflix show "What’s Next? The Future with Bill Gates,"…
Post Office non-exec director under investigation as inquiry restarts
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Post Office non-executive director is under…
Last full-size Kmart in US to close
The last full-size Kmart store in the continental United States is set to close in October, leaving only one downsized location remaining, reports say. The department store…
UniCredit lifts stake in Commerzbank to 21%
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UniCredit has increased its stake in Commerzbank from…
Former Energy Secretary Rick Perry slams Biden-Harris admin's energy policies
Former Texas Governor Rick Perry is slamming the Biden-Harris administration's energy policies and moves to block projects like the Keystone XL pipeline and increased energy…
Northvolt to cut more than 20% of jobs in battle for survival
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Northvolt will cut more than one in five jobs and suspend…
Oil and gas industry leaders voice 'unbelievable' worries about the election and America's 'business…
This time of year, across the Allegheny National Forest in Northwest Pennsylvania, the white pine, maple, chestnut and black cherry trees scattered within the tall, hilly…
Swedish buyout group EQT plans to sell stake in €15bn software group IFS
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Swedish private equity group EQT plans to sell a minority…