Cresco to buy Columbia Care in $2 billion bet on U.S pot industry boom
By Arunima Kumar and Shariq Khan -Cresco Labs Inc is buying rival Columbia Care Inc in a $2-billion deal to become the top U.S. cannabis producer in one of the…
By Arunima Kumar and Shariq Khan -Cresco Labs Inc is buying rival Columbia Care Inc in a $2-billion deal to become the top U.S. cannabis producer in one of the…
Tampa, Florida – U.S. District Judge William F. Jung has sentenced Antonio Nunez III (34, Palmetto) to 20 years and 10 months in federal prison for conspiracy to distribute and…
MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Keith T. Jones, 28, Chicago, Illinois was sentenced yesterday by Chief U.S. District…
Baltimore, Maryland – A federal grand jury has returned an indictment charging Philip Abramowitz, age 50, of Pikesville, Maryland, with bank fraud and conspiracy to commit bank fraud and Calvin…
United States Attorney Dennis R. Holmes announced that a Rosebud, South Dakota, man convicted of Assault With a Dangerous Weapon was sentenced on March 22, 2022, by Chief Judge Roberto…
By Medha Singh – Battered technology and growth shares have shrugged off rising bond yields to drive a rebound in world stocks as some investors view them as a hedge…
MILAN -CVC Capital Partners has been looking at the reorganisation under way at Telecom Italia (TIM) for some time but has taken no decision on its next move, a spokesperson…
– The Russian government has transferred more than 50% of foreign aircraft to Russia’s own registry as it takes measures to start using foreign aircraft located in Russia, Prime Minister…
By Heekyong Yang and Joyce Lee SEOUL -South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest $1.5 billion to set up a joint…
By Christoph Steitz and Tom Käckenhoff FRANKFURT -Germany’s EnBW will avoid any new energy supply deals with Russia for as long as Vladimir Putin is its president, the utility’s chief…
– U.S. auto retail sales could decline in March as rising inflation hinders spending by customers already limited by slim inventories due to pandemic-led supply shortages, and now the Ukraine…
By Saqib Iqbal Ahmed NEW YORK -Risk appetite has rebounded on Wall Street after a brutal start to the year, but some strategists warn the lull in volatility may be…
By Eric Onstad LONDON – The London Metal Exchange’s (LME) benchmark nickel surged 15% on Wednesday to hit its upper trading limit, reversing direction and climbing for the first time…
St. Thomas, USVI – United States Attorney, Gretchen C.F. Shappert announced today that members of the Virgin Islands Police Department Crime Prevention Bureau, the U.S. Virgin Islands Project Safe Neighborhood…
MADRID -Mexican billionaire Carlos Slim’s Spanish construction firm FCC on Wednesday launched a tender offer for a 24% stake in real estate developer Metrovacesa, a FCC filing to the local…
TOKYO -Japan’s Securities and Exchange Surveillance Commission on Wednesday filed criminal charges with Tokyo prosecutors against SMBC Nikko Securities and seven of its employees over alleged market manipulation. The brokerage…
– Aegon has completed the sale of its Hungarian arm to Vienna Insurance Group (VIG) for 620 million euros ($682 million), the Dutch insurer said on Wednesday. Aegon had announced…
SHANGHAI – BMW Group said on Wednesday production at all its plants in the northeastern Chinese city of Shenyang will be temporarily suspended from Thursday due to COVID control measures.…
ISTANBUL – Amazon.com Inc said on Wednesday it will set up a logistic base in Turkey to meet rising demand, with a more than $100 million investment. It said the…
By Takaya Yamaguchi and Leika Kihara TOKYO – Japan’s ruling coalition on Wednesday agreed to compile a fresh stimulus package to cushion the economic blow from surging fuel and grain…
SHANGHAI/SYDNEY -Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose…
By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from…
By Ron Bousso LONDON – BP is seeking buyers for its shut-down Foinaven oilfield in the North Sea, hoping Britain’s renewed focus on domestic production will attract buyers interested in…
By John Kemp LONDON – “The longer the war goes on, the greater the chance of an economic recession,” the chief executive of commodity trader Vitol said on Tuesday at…
By Toby Sterling THE HAGUE – A Dutch court on Wednesday rejected a suit against Shell brought by four widows of activists who were executed by the Nigerian government in…