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A U.S. judge on Tuesday questioned whether members of the Sackler family that owned Purdue Pharma abused the bankruptcy system, as she considers whether to overturn a ruling that shielded the Sacklers from liability over the opioid epidemic.
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Chile's LATAM Airlines Group SA said on Friday it has filed a reorganization plan, proposing an $8.19 billion infusion of capital into the group, in a bid to exit its Chapter 11 bankruptcy.
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Citigroup Inc is planning to split the operations and technology functions of its unit, Institutional Clients Group, which contributed about 63% of the Wall Street bank's total third-quarter revenue.
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Spiralling shipping costs and COVID-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move to source products locally.
Jabal Omar Development Company , one of Saudi Arabia's largest listed developers, said on Sunday it agreed to restructure a 3 billion riyals ($799.91 million) loan it owed to the government as part of plans to fix its finances.