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Mike Spector

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell

23 Oct 2019

LOS ANGELES/NEW YORK Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.

Exclusive: Blackstone, CVC seek to take Paysafe public - sources

23 Oct 2019

MADRID/FRANKFURT/NEW YORK Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter.

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

20 Oct 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

18 Oct 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

18 Oct 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

16 Oct 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

05 Oct 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.

UPDATE 2-Fiat Chrysler senior manager charged in diesel emissions probe -court document

24 Sep 2019

Sept 24 A senior manager at Fiat Chrysler Automobiles NV was criminally charged in connection with a U.S. Justice Department probe into excess emissions in diesel-powered vehicles, according to an indictment unsealed Tuesday.

Purdue Pharma seeks to halt opioid suits against company, Sacklers

19 Sep 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.

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