Day: June 27, 2022

Pharmacies Limit Emergency Contraceptive Purchases as Demand Surges

As people bought up Plan B and other emergency contraceptive pills after the Supreme Court’s decision overturning Roe v. Wade on Friday, at least two major pharmacies put limits on purchases or deliveries of the pills, which typically cost $10 to $50. CVS said it would temporarily cap purchases of emergency contraceptives at three packs …

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Companies Scramble to Work Out Policies Related to Employee Abortions

There is no clear blueprint for corporate engagement on abortion. After numerous companies came forward to announce that they would cover travel expenses for their employees to get abortions, executives have had to move swiftly to both sort out the mechanics of those policies and explain them to a work force concerned about confidentiality and …

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Credit Suisse is fined for helping a Bulgarian drug ring launder money, a court said.

Credit Suisse must pay fines and compensation of 21 million Swiss francs, or $22 million, for lax controls that allowed an employee of the bank to help a Bulgarian drug ring launder money, Switzerland’s Federal Criminal Court said on Monday. The ruling was the latest setback for the bank, which issued a profit warning this …

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Goeasy buys $40M stake in Canada Drives

Financing firm Goeasy Ltd. is buying a minority interest in online used-car retailer Canada Drives, as the sub-prime lender looks to increase its stake in the Canadian auto finance market. Goeasy announced the $40-million equity investment, coupled with a commercial partnership, June 27. The deal will make Goeasy the “preferred” non-bank financing provider within the …

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Leonardo Del Vecchio Dies at 87; Transformed Eyeglass Industry

Leonardo Del Vecchio, the Italian multibillionaire who rose from Dickensian poverty to build a globe-straddling behemoth that helped transform the stodgy, fragmented eyeglass industry into a fashion-oriented business, died on Monday in Milan. He was 87. His death was announced by the company, now called EssilorLuxottica. No cause was given. A company spokeswoman said he …

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The G7 ponders capping oil prices to deny Russia revenues. How would it work?

Leaders of the Group of 7 nations meeting in Germany, seeking a new way to throttle Russia’s finances while limiting the harm to Western economies, are discussing imposing a ceiling on the price paid for Russian oil. Details of the plan are still being discussed, but the idea is to limit how much Russia can …

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How Are Companies Responding to the Supreme Court Decision on Abortion?

Even as more companies have become outspoken on social causes, the reaction by corporate America on Friday after the Supreme Court overturned Roe v. Wade was relatively muted. In response to the court’s ruling, which ended federal abortion rights, several companies released statements reaffirming their commitment to helping employees access health care services they may …

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Global Food Crisis Tests Western Resolve to Retain Russia Sanctions

WASHINGTON — In Yemen, the price of bread surged 35 percent the week Russia invaded Ukraine. Wheat mills lacking grain in Lebanon have halted operations in recent months, forcing bakeries to shutter. And in Kenya, cooking oil is scarce. As the United States and Europe contemplate their next rounds of sanctions to starve Russia of …

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