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Johnson & Johnson Proposes Paying $9 Billion to Settle Talc Lawsuits
A unit of the health-products company is also refiling for bankruptcy protection to seek approval for the settlement plan. Source link
Stock-Based Pay and Bonuses Fall Under Finance Chiefs' Cost-Cutting Knife
Unity Software, Designer Brands and Meta Platforms are among the firms weighing or executing tweaks in equity compensation or incentive pay. Source link
McKinsey Is Shutting Down Its Restructuring Business
Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar
GM Says 5,000 White-Collar Workers to Depart Through Buyouts
The auto maker initiated the reduction as part of an effort to cut $2 billion in costs by the end of 2024. Source link
Lower Job Openings Could Be Welcome Sign for Economy
All those tech layoffs are starting to show up in employment statistics, but they still show little sign of spreading to other sectors. Source link
Miami Heat Have a New Arena Sponsor After FTX Collapse
Business Local software company Kaseya agrees to $117 million naming-rights deal Source link
Apartment-Building Sales Drop the Most in 14 Years
Interest-rate increases and banking turmoil push down demand for multifamily buildings. Source link
Frank Founder Faces Criminal Fraud Charges Over JPMorgan Deal
Markets Finance Prosecutors say college financial-aid company executive lied about her customer count to land $175 million deal Source link
TikTok Fined $15.8 Million by U.K. Regulator for Misuse of Children’s Data
Tech Social-media platform failed to remove underage users, authorities say Source link
U.S. Job Openings Dropped in February
The number of job openings fell below 10 million for the first time in nearly two years, a sign that employers’ demand for workers eased.