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New York AG Sues Capital One After Federal Case Dropped
Since taking office, the Trump administration has taken a number of actions to reduce investigations of white collar crime including directing the Justice Department to stop prosecutions under the Foreign Corrupt Practices Act which outlaws bribery and corruption in foreign countries, disbanding the Justice Department's Cryptocurrency Enforcement Unit and reducing the size and support of the Justice Department's Public Integrity Section which prosecutes public officials accused of corruption and the IRS' Criminal Investigation Unit. In addition, a number of white collar crime prosecutions begun under the previous administration have been dropped including an action by the Consumer Financial Protection Bureau against Capital One.
Vivani Stock Gains After Announcing Spin-Off Plans for Cortigent Unit
VANI is set to spin off Cortigent, aiming to sharpen its focus on drug implants and unlock long-term value for both entities.
Petrobras Awards 48-Month Offshore Contract to Mota-Engil Unit
PBR signs a EUR 250 million deal with Mota-Engil to deliver advanced offshore construction and maintenance services across key platforms in Brazil's pre-salt Santos Basin.
Petrobras Commissions New Hydrotreatment Unit at REPLAN
PBR starts up a new diesel hydrotreatment unit at REPLAN, increasing clean fuel output and advancing sustainability goals ahead of schedule.
Starz U.S. Subscriber Levels Rise In Q4; Former Lionsgate Unit Takes $177.4M Charge For Content “Reassessment”
Starz reversed recent U.S. subscriber losses in its fiscal fourth quarter, but disclosed a restructuring charge of $177.4 million due to a “reassessment” of its content portfolio.
CI's Unit Unveils Offering to Expand Access to GLP-1 Medications
Cigna's Evernorth business caps GLP-1 drug copays at $200 or less, aiming to boost affordability for patients and cut costs for health plan sponsors.
Honeywell Divests PPE Business, Set to Acquire Catalyst Technologies Unit
HON's divestment of its PPE business and deal to acquire Johnson Matthey's Catalyst Technologies business are part of its realignment plan to optimize its business portfolio and deliver sustained growth.
Honeywell to Buy Johnson Matthey's Catalyst Unit For $2.4 Billion
The U.S. industrials conglomerate agreed to buy British platinum refiner Johnson Matthey's catalysts unit.
BASF's Unit Powers Langelsheim Site With 100% Renewable Electricity
BASF's Chemetall remains dedicated to advancing sustainability through innovative surface treatment technologies.
Phillips 66 to Divest Majority Stake in European Fuel Retail Unit
PSX is divesting a 65% stake in its Germany and Austria retail business, valued at $2.8 billion, as part of its strategy to streamline the portfolio and focus on core refining and midstream assets.
Oceaneering Sells its Entertainment Unit to Falcon's Beyond
OII's entertainment arm is acquired by Falcon's Beyond to amplify its leadership in themed entertainment.
Amazon Cuts 100 Jobs in Devices Unit Amid Ongoing Efficiency Drive
Amazon reportedly cut about 100 jobs in its devices and services unit, saying it did so as part of a regular business review. The layoffs amount to a small portion of the unit's total workforce, Reuters reported Wednesday (May 14), citing a company spokesperson.
