Town Hall News

By Jessica DiNapoli and Isla Binnie NEW YORK (Reuters) – Colgate-Palmolive Co plans to launch a modified cheaper version of its recyclable toothpaste tube this year that uses less plastic and is easier to ship, the Optic White maker’s chief sustainability officer Ann Tracy told Reuters on Tuesday. The New York-based company has been converting the roughly 9 billion toothpaste tubes it sells annually to a commonly recyclable plastic which […]

By Molly Cone TORONTO (Reuters) – Dozens of protesters gathered in front of Canadian Public Safety Minister office in Toronto on Tuesday demanding an end of an asylum treaty between Canada and the United States after eight people died by drowning as they tried to cross into country. The deaths come less than two weeks after the Safe Third Country Agreement (STCA) pact was amended, allowing refugee claimants to seek […]

NEW YORK (AP) — Donald Trump conspired to illegally influence the 2016 election through a series of hush money payments designed to stifle claims that could be harmful to his candidacy, prosecutors said Tuesday in unsealing a historic 34-count felony indictment against the former president. The payments, said Assistant District Attorney Christopher Conroy, were part of “an unlawful plan to identify and suppress negative information that could have undermined his […]

By Dietrich Knauth and Mike Spector (Reuters) -Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, the company said. The amount dwarfs J&J’s original offer of $2 billion. The agreement follows a January appeals court ruling invalidating J&J’s controversial “Texas two-step” bankruptcy maneuver, in which it sought to offload the […]

LONDON (Reuters) – Chelsea were held to yet another 0-0 draw by Liverpool on Tuesday in their first match since sacking coach Graham Potter with the Blues showing the same inability to turn chances into goals that led to the manager’s downfall. The fourth goalless stalemate in a row between the two teams – including last season’s FA and League Cup finals which Liverpool won on penalties – summed up […]

(Reuters) – C3.ai’s stock tumbled 26% on Tuesday in its biggest one-day drop since the artificial intelligence company’s 2020 IPO, with investors dumping the shares after short seller Kerrisdale Capital alleged “serious accounting and disclosure issues”. C3.ai has “utilized highly aggressive accounting to inflate its income statement metrics in order to meet sell-side analyst estimates for revenue and certain profit metrics, and to conceal significant deterioration in its underlying operations”, […]

By Stefania Spezzati and Oliver Hirt LONDON (Reuters) – The Bank of England has approved UBS Group AG’s takeover of Credit Suisse Group AG in the United Kingdom, people familiar with the process told Reuters, a key market for the Swiss lenders racing to close the rescue deal. Reuters could not establish if any conditions have been requested for the approval, which comes less than three weeks since the takeover […]

By Dietrich Knauth (Reuters) -A Johnson & Johnson subsidiary filed for bankruptcy a second time on Tuesday, seeking to complete a $8.9 billion settlement of lawsuits alleging that its baby powder and other talc products cause cancer. J&J subsidiary LTL Management’s first bankruptcy was dismissed earlier on Tuesday, after an appellate court ruled that the neither J&J not LTL were in the type of “financial distress” that made them eligible […]

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed in choppy trading on Tuesday as investors weighed OPEC+ planned production cuts against weak U.S. and Chinese economic data that could suggest cooling oil demand. Brent crude futures settled 1 cent higher at $84.94 a barrel, while U.S. West Texas Intermediate (WTI) crude futures closed up 29 cents, or 0.4%, at $80.71 a barrel. “We will need to see demand […]