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The Latest Breaking News from LTL

Massive consumer brand, Johnson & Johnson pursues bankruptcy filing

The company openly talked about a potential Chapter 11 filing during its most recent earnings call.

The Street

Yellow is shutting down and headed for bankruptcy, the Teamsters Union says. Here's what to know

Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports

The Independent UK

Trucking company Yellow Corp. is reportedly preparing for bankruptcy. Here's what you need to know

After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers

The Independent UK

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J&J wins pause of baby powder trials, must face new suits

Johnson & Johnson must face new lawsuits accusing the company of selling tainted baby powder that caused cancer, a judge ruled, opening the company up to court actions that had been halted for 19 months.

Tribune News Service

J&J’s first attempt to escape cancer claims with bankruptcy failed. Now it’s trying again

Johnson & Johnson’s first attempt at using bankruptcy to escape claims that its popular baby powder caused cancer was an expensive gamble that drew public scorn and ended in failure.

Tribune News Service

Johnson & Johnson Pops After Sweetening Its Talc Settlement By Nearly $7 Billion

J&J reached an $8.9 billion settlement in ongoing litigation over its talc-based baby powders, leading JNJ stock to rise Wednesday.

Investors Business Daily

Johnson & Johnson proposes $8.9bn settlement fund for talcum powder cancer lawsuits

The offer will have to be approved by a bankruptcy judge

The Independent UK

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J&J tried to block lawsuits from 40,000 cancer patients. A court wants answers

Critics say a legal maneuver by one of the world's wealthiest corporations could set a precedent, allowing non-bankrupt companies and rich individuals to avoid liability for wrongdoing.

WEKU

Saia Clocks Revenue Growth Of ~37% In Q1, Beats Street View

Saia Inc (NASDAQ:SAIA) reported first-quarter FY22 revenue growth of 36.6% year-over-year to $661.22 million, beating the consensus of $632.12 million. EPS improved to $2.98 from $1.40 in 1Q21, beating the consensus of $2.71. The operating income increased by 112.4% Y/Y to $103.45 million, and the margin expanded by 558 bps to 15.6%.…

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