UK ministers reject Sanjeev Gupta’s bailout plea: FT

© Reuters. FILE PHOTO: Liberty Steel’s Sanjeev Gupta smiles outside their newly acquired Liberty Steel processing mill in Dalzell, Scotland (Corrects second paragraph to say Greensill filed for insolvency ‘earlier in March,’ not ‘last week’) (Reuters) – British ministers have rejected a request from mining magnate Sanjeev Gupta for a 170 million pound emergency loan […]

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Exclusive: OxyContin maker Purdue nears guilty plea agreement in U.S. criminal probe – sources

© Reuters. FILE PHOTO: Bottles of prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. sit on a shelf at a local pharmacy in Provo By Mike Spector and Jessica DiNapoli NEW YORK (Reuters) – Purdue Pharma LP, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to […]

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Bankruptcy court approves Neiman Marcus’ plea to access financing

© Reuters. FILE PHOTO: The Neiman Marcus store is seen in New York (Reuters) – U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $ 675 million of its debtor-in-possession financing, which will allow continuity of the company’s business during Chapter 11 bankruptcy proceedings and enable it […]

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British supermarkets’ plea to shoppers – stop panic buying

© Reuters. British supermarkets’ plea to shoppers – stop panic buying By James Davey LONDON (Reuters) – Britain’s food retailers appealed to shoppers on Sunday to stop panic buying during the coronavirus outbreak, saying purchasing more than they need would mean others will be left without. The British Retail Consortium (BRC), which represents supermarket groups […]

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