Nevada casino regulators said on Tuesday they had fined Wynn Resorts Ltd $20 million in a settlement with the company involving misconduct claims against former chief executive Steve Wynn.
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A U.S. appeals court approved wireless carrier AT&T Inc’s deal to buy media company Time Warner on Tuesday, a defeat for the Trump administration which had argued the $85.4 billion merger would mean higher prices for consumers.
AT&T’s second major court victory against the Justice Department sets the stage for the No. 2 wireless carrier to integrate its WarnerMedia business as well as its new Xandr advertising unit.
The deal had been a target of criticism from U.S. President Donald Trump, who opposed it because he saw it helping Time Warner’s CNN unit, which he has accused of broadcasting “fake news.”
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Prosecutors in Chicago charged Grammy-winning singer R. Kelly on Friday with multiple counts of sexual abuse, local media reported.
Citing court records, the Chicago Sun-Times said Kelly was charged in Cook County, Illinois, with 10 counts of aggravated sexual abuse. An attorney for the singer did not immediately return a call or email seeking comment.
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The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.
In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of secretly manipulating rates for tax-exempt bonds known as VRDOs, or variable-rate demand obligations.
The city, which said it issued more than $1.6 billion of the bonds, said the banks colluded to collect hundreds of millions of dollars in fees they did not earn, reducing critical funding for public services and violating federal antitrust laws.
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Imerys Talc America, the U.S. unit of French group Imerys SA and a supplier to healthcare conglomerate Johnson & Johnson Inc, on Wednesday said it was filing for Chapter 11 bankruptcy protection due to rising costs in the litigation over cosmetic talc.
“After carefully evaluating all possible options, we determined that pursuing Chapter 11 protection is the best course of action to address our historic talc-related liabilities and position the filing companies for continued growth,” Imerys Talc America said in a statement.
Imerys’ U.S. unit faces thousands of consumer lawsuits alleging that its talc causes cancer. The company supplied cosmetic talc to J&J for Johnson’s Baby Powder and other talc-based products.
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