HOUSTON (Reuters) – CareMax, which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, filed for Chapter 11 bankruptcy in Texas on Sunday. The Miami-based firm listed debts of $693 million and assets of $390 million, according to a filing with U.S. Bankruptcy Court for the Northern District … Read more
Disgraced investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday for fraud and market manipulation in connection to the stunning collapse of Archegos Capital Management. US District Judge Alvin Hellerstein announced the sentence in Manhattan federal court, months after a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities … Read more
W. Paul Coates, the father of journalist Ta-Nehisi Coates, has won a prestigious National Book Award despite claims his company published a brazenly antisemitic novel. The National Book Foundation, a literary nonprofit, has since defended its decision to award Coates its lifetime achievement award. “The National Book Foundation condemns antisemitism, homophobia, Islamophobia, racism, and hatred … Read more
The Japanese company that owns tire maker Dunlop shuttered a century-old New York factory — and fired 1,500 workers — as it moved manufacturing overseas. Sumitomo Corp, the Tokyo-based conglomerate that boasts a market capitalization of more than $25 billion, closed down the Dunlop plant located in Tonawanda, near Buffalo, on Nov. 7. The closure … Read more
Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, US prosecutors said Wednesday. Authorities charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250 million in bribes … Read more
Panic engulfed MSNBC headquarters on Wednesday after parent company Comcast confirmed a massive spinoff of its cable properties — with a top executive even suggesting the left-leaning network may be forced to change its name. MSNBC stars Rachel Maddow, Chris Jansing and Katy Tur joined a tense 10 a.m. meeting at 30 Rock in Midtown … Read more
A broad coalition in New York is backing state legislation that would impose a first-in-the-nation cap on medical bills — aimed at hospitals that own or house outpatient clinics and charge higher rates than private practices. Under the “Fair Pricing Act”, patient billing costs would be capped at 150% of rates set by the federal … Read more
RIO DE JANEIRO — RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva on Wednesday welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump returns to the White … Read more
MELBOURNE, Australia — Australia’s communications minister introduced a world-first law into Parliament on Thursday that would ban children younger than 16 from social media, saying online safety was one of parents’ toughest challenges. Michelle Rowland said TikTok, Facebook, Snapchat, Reddit, X and Instagram were among the platforms that would face fines of up to 50 … Read more
NEW YORK — Campbell’s is ditching the soup — at least in name. And the change has now received shareholders’ greenlight. Campbell Soup Co. announced its intention to change its name just over two months ago, saying it wanted to instead be known as the (slightly shorter) Campbell’s Co. Shareholders overwhelmingly approved the change on … Read more