Business

RapidEye/Getty Images (NEW YORK) — Johnson & Johnson cannot use bankruptcy court to resolve civil lawsuits that claim its iconic baby powder caused cancer, a federal appeals court ruled Monday. The opinion foiled Johnson & Johnson’s plan to shift onto a new entity, LTL Management LLC, some 38,000 lawsuits that alleged the talc in Johnson’s […]

ABC News (NEW YORK) — Sam Bankman-Fried’s bond guarantors should be named publicly, a federal judge ruled Monday after news organizations objected to the names being redacted. Bankman-Fried was released on a $250 million personal recognizance bond co-signed by his parents and two other non-parental sureties. The judge agreed with news organizations who argued the […]

Marko Geber/Getty Images (NEW YORK) — The term “quiet quitting” went viral last year, describing people who stay in their jobs but mentally take a step back — for example, working the bare minimum and not making their job the center of their lives. Now in 2023, there is a new workplace trend on the […]

dowell/Getty Images (NEW YORK) — Layoffs have battered the tech industry in 2023, carrying over a series of job cuts that began last year. In all, about 50,000 people have lost their positions this month. Tech giants such as Google, Microsoft and Amazon have led the sector in the size of their cuts. While a […]

Alex Wong/Getty Images (WASHINGTON) — When President Joe Biden signed the $369 billion Inflation Reduction Act in August, supporters hailed the measure as the largest climate investment in the nation’s history — but questions remained about what the spending would ultimately achieve. The majority of the funding took the form of tax credits meant to […]

Anchalee Phanmaha/Getty Images (NEW YORK) — Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to some departing employees. Severance packages, which range widely in size and duration, offer newly unemployed workers a financial buffer as they face an uncertain job market. But laid-off […]

Nicky J Sims/Getty Images, FILE (NEW YORK) — Human-made chemicals known as PFAS are back in the spotlight after the feminine hygiene company Thinx settled a class-action lawsuit earlier this month for millions of dollars. The lawsuit was brought against Thinx by customers who claimed testing showed the brand’s period underwear — advertised by the […]

Curt Dell said he lost more than $200,000 worth of Bitcoin after Celsius filed for bankruptcy. – ABC News (NEW YORK) — It seemed like cryptocurrency was having a moment. At the start of 2022, the Super Bowl featured celebrities like Tom Brady, Larry David and Matt Damon in commercials for crypto companies. Logos for […]

Javier Ghersi/Getty Images (WASHINGTON) — The U.S. economy grew robustly at the end of last year, defying recession fears and weathering an aggressive series of interest rate hikes from the Federal Reserve, government data showed. U.S. gross domestic product grew by a 2.9% annualized rate over the three months ending in December, according to data […]

Mattel (NEW YORK) — Barbie is honoring the life and legacy of Bessie Coleman with a new doll. Coleman, whose birthday falls on Jan. 26, was the first Black and Native American female aviator and the first Black person to ever earn an international pilot’s license. The late American pioneer is being honored as part […]