Tag: management
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Fate of Obama legacy initiatives in hands of courts, successor
By Lawrence Hurley WASHINGTON (Reuters) – When President Barack Obama leaves office on Jan. 20 after eight years, several of his major initiatives will still hang in the legal balance, meaning the U.S. courts and his successor will play a major role in shaping his legacy. Ongoing legal challenges by Republican-governed states and business groups…
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India’s capital grapples with toxic winter air pollution
NEW DELHI (AP) — Even for a city considered one of the world's most polluted, the Indian capital hit a new low this past week.
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U.S. hedge fund files lawsuit accusing Theranos of fraud
(Reuters) – A San Francisco-based hedge fund has filed a lawsuit against Theranos Inc, accusing the blood testing company of using fraudulent methods to attract an investment of nearly $100 million, according to an investor letter filed by the fund. The hedge fund, Partner Fund Management LP, filed the lawsuit in the Delaware Court of…
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Novo Nordisk’s veteran CEO Lars Rebien Sorensen to step down
By Annabella PultzNielsen COPENHAGEN (Reuters) – Novo Nordisk's long-serving chief executive Lars Rebien Sorensen is to step down early, it was announced on Thursday, at a time when the world's largest insulin maker has said it faces increased competition in the U.S. market where it generates about half its revenues. The company said Rebien Sorensen…
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Obama declares emergency in Michigan over bad water – White House
President Barack Obama declared a state of emergency in Michigan on Saturday and ordered federal aid to be used to help state and local response efforts to an area affected by contaminated water. “The president's action authorizes the Department of Homeland Security, Federal Emergency Management Agency (FEMA), to coordinate all disaster relief efforts which have…
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U.N. says has reports of starvation in Syria’s besieged Deir Al-Zor
By Tom Miles GENEVA (Reuters) – Unverified reports say 15 to 20 people died of starvation in the Syrian city of Deir al-Zor last year, the United Nations said on Saturday, warning that 200,000 residents there face a severe food shortage and sharply deteriorating conditions. Western parts of the city have been under siege by…
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Martin Shkreli says securities fraud charges are ‘baseless’
By Frank McGurty NEW YORK (Reuters) – Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were “baseless and without merit.” Federal prosecutors have alleged that Shkreli was running a Ponzi-like scheme at…