Bank of America to Pay $1.21 Billion to Settle Violations of Money Laundering, Sanctions laws
The Treasury Department said the fine is the third-largest in its history and the biggest ever imposed by the Office of the Comptroller of the Currency.
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Rising Interest Rates Threaten to Spoil the Party for Big Banks
Goldman Sachs and JPMorgan post higher profit, but the mood on Wall Street is becoming more cautious.
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U.S. Defense Startups Flock to Taiwan to Build China-Free Drones
The emerging industry has the potential to serve the U.S. military while providing Taiwan with an arsenal that it sees as essential to its survival.
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J&J Is Leaning Toward Spinning Out Its Hips-And-Knees Business
Johnson & Johnson is "leaning" toward spinning out the hips-and-knees business that the company has been looking to hive off, Chief Financial Officer Joseph Wolk said.
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Six Flags Closes Several Rides After Georgia Roller-Coaster Death
The amusement park company said it was shutting down similar attractions across its parks after several people were injured.
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CVS Health Unit to Pay $315 Million to Resolve Illegal Opioid Prescription Claims
The U.S. government alleged that CVS knowingly filled prescriptions for controlled substances that lacked a legitimate medical purpose, weren't valid or weren't issued in the usual course of professional practice.
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Character.ai Maker Files for Chapter 11 Bankruptcy
Character.ai, which lets users interact with AI avatars that include fictional characters and real public figures, had come under scrutiny for the platform's effects on teen mental health.
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Albertsons Pulls Full-Year Guidance, Plans Business Review
The move came as the grocery store chain reported lower second-quarter profit and revenue, hurt by continued pressure in its core grocery business. Albertsons said the results don't reflect the company's potential.
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LSEG Mulls $3.5 Billion Bid for Permira-Owned Octus
The stock exchange owner has made data and analytics a central part of its business in recent years.
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UnitedHealth Charts Continued Turnaround
UnitedHealth Group reported third-quarter net income of $4.11 billion, or $4.56 a share. That compared with net income of $2.35 billion, or $2.59 a share, a year earlier.
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Kimberly-Clark, Kenvue Win Conditional EU Approval for $40 Billion Tie-Up
The European Commission-the EU's executive arm-said that the sale fully addresses officials' earlier concerns that the deal could hinder competition in tampon markets in Czechia, Estonia, and Slovakia.
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Roche Licenses Obesity Therapy From China's Rona in Up to $1.2 Billion Deal
Under the agreement Roche will license worldwide rights to an experimental therapy for obesity and metabolic diseases, exploring a new way of tackling weight loss.
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Domino's Pizza Sales Growth Continued Slowing
The pizza chain reported a profit of $152.2 million, or $4.60 a share, compared with a profit of $139.3 million, or $4.08 a share, a year earlier.
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BP's New CEO to Outline Strategy as Balance Sheet Strengthens
The company said it would update its strategy in December, giving new Chief Executive Meg O'Neill her first opportunity to outline her vision to investors.
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Blackstone-Backed Hyperscale Data-Center Operator Delays Singapore IPO
AirTrunk, which operates one of the largest data-center platforms in Asia-Pacific and the Middle East, might look to bring the offering in the first or second quarter of next year, depending on market conditions.