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United States

Mike Spector

SoftBank seeks to avoid WeWork's liabilities with new investment: sources

Oct 19 2019

NEW YORK SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources

Oct 18 2019

U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.

EXCLUSIVE-Lampert helps bankroll Sears as woes persist after bankruptcy - sources

Oct 18 2019

Oct 18 U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.

Barneys nears bankruptcy deal with Authentic Brands, Saks owner: sources

Oct 15 2019

NEW YORK U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter said on Monday.

Sacklers reaped up to $13 billion from OxyContin maker, U.S. states say

Oct 04 2019

OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company's controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped fuel the U.S. opioid epidemic.

FCA manager charged with lying about emissions even after VW scandal

Sep 24 2019

NEW YORK/WASHINGTON A grand jury indicted a senior manager at Fiat Chrysler Automobiles NV (FCA) on charges he lied to regulators about diesel emissions, alleging the deception continued even after a scandal over cheating on government environmental tests had engulfed rival Volkswagen AG .

Purdue Pharma seeks to halt opioid suits against company, Sacklers

Sep 18 2019

OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents.

What's next for OxyContin maker Purdue Pharma

Sep 16 2019

OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis.

OxyContin maker Purdue Pharma files for bankruptcy protection

Sep 16 2019

NEW YORK OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. | Video

Factbox: What's next for OxyContin maker Purdue Pharma

Sep 16 2019

OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis.

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