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Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions

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NEW YORK (Reuters) – A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc’s initial bankruptcy requests after the two sides struck an agreement over the terms of new financing. FILE PHOTO: A massive fire burns at Philadelphia Energy Solutions Inc’s oil refinery in this still image from video in Philadelphia, Pennsylvania, U.S. Read More

PrairieSky Announces 2019 Second Quarter Results

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CALGARY, Alberta, July 22, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its second quarter (“Q2 2019“) operating and financial results for the period ended June 30, 2019. PRESIDENT’S MESSAGE Second Quarter 2019 Highlights: Funds from Operations totaled $58.0 million ($0.25 per common share basic and Read More

Another $860 million recovered for Madoff customers in Kingate settlement: trustee

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NEW YORK (Reuters) – The court-appointed trustee liquidating Bernard Madoff’s firm on Wednesday said another $860 million may soon be returned to the swindler’s customers, under a settlement with offshore funds that funneled money to Madoff for 14 years. Irving Picard, the trustee, said the settlement with liquidators for the Kingate Global Fund and Kingate Read More

US judge slashes Monsanto cancer victim’s payout by $55 million

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A US federal judge has reduced the $80 million punitive damages award a jury ordered Monsanto to pay to California cancer victim to $25 million. Judge Vince Chhabria said he was required to diminish the punitive damages because it went beyond constitutional limits set by the US Supreme Court. According to him, the higher award Read More

Reckitt to pay $1.4 billion to end opioid addiction treatment probes

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(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has been hanging over the British company for years. While the settlement is significantly higher than the $400 million that the Read More

Ethiopian crash families criticize Boeing over donation plan

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NAIROBI (Reuters) – The families of victims of an Ethiopian air disaster on Thursday criticized Boeing’s plan to donate $100 million to unspecified charities and communities affected by two crashes, saying it was too vague and that families should have been consulted first. FILE PHOTO: American civil aviation and Boeing investigators search through the debris Read More

Factbox: British bookmakers cut back after fixed-odds machine curbs

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(Reuters) – Gambling company William Hill (WMH.L) plans to close 700 betting shops, putting 4,500 jobs at risk, after Britain in April cut the maximum stake on fixed-odds betting terminals. FILE PHOTO: A fixed odds betting terminals is seen in a betting shop in London, Britain October 31, 2017. REUTERS/Peter Nicholls/File Photo The British government Read More

Boeing makes $100 million pledge for 737 MAX crash-related support

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SEATTLE/CHICAGO (Reuters) – Boeing Co said on Wednesday it would give $100 million over multiple years to local governments and non-profit organizations to help families and communities affected by the deadly crashes of its 737 MAX planes in Indonesia and Ethiopia. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference Read More

Boeing pledges $100 million to help 737 MAX crash families

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SEATTLE/CHICAGO (Reuters) – Boeing Co said on Wednesday it would give $100 million over multiple years to local governments and non-profit organizations to help families and communities affected by the deadly crashes of its 737 MAX planes in Indonesia and Ethiopia. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference Read More

Boeing pledges $100m to help families affected by deadly plane crashes

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By John-Paul Ford Rojas, business reporter Boeing has set up a $100m (£79.5m) fund to help families and communities affected by two deadly crashes involving its 737 MAX aircraft. The crashes in Indonesia and Ethiopia killed a total of 346 people and prompted the company’s entire 737 MAX fleet to be grounded. Boeing said the Read More