The Supreme Court focused on business partners, not married couples, in ruling that a bankrupt California woman can’t discharge debts incurred through her husband’s fraud. The US Supreme Court opinion that a bankrupt California woman can’t wipe out debts incurred through her husband’s fraudulent conduct in a home sale is a big win for fraud victims, but the justices were careful not to extend the ruling to all married couples. The 9-0 opinion issued Wednesday rejected Kate Bartenwerfer’s attempt to use bankruptcy to discharge the debt, even though she didn’t personally perpetrate the fraud. And though the couple is married, the substance of the ruling is largely aimed at their business partnership. By focusing on the pair as business partners, the high court skirted the issue of whether married couples who are not in business with one another would be held to the same standard. Had Bartenwerfer not been her husband’s business partner, the court may have allowed her to skirt the debt, said Lawrence D. Hirsch, a bankruptcy attorney with Parker Schwartz PLLC. “I think it is an interesting decision but I think it will be cast as a case involving a husband and wife, when in fact […]

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Conference call begins at 4:30 p.m. Eastern time today MIAMI, Feb. 23, 2023 (GLOBE NEWSWIRE) — OPKO Health, Inc. (NASDAQ: OPK) reports business highlights and financial results for the three months ended December 31, 2022. Business highlights include the following: Sales are underway by Pfizer for NGENLA ® (somatrogon) in 15 countries including Japan, Germany and the United Kingdom; Pfizer expects to launch in all priority ex-U.S. markets by year-end and is continuing to work with the FDA to obtain approval in the U.S. NGENLA treats pediatric patients with decreased growth due to insufficient growth hormone and reduces the injection frequency from once daily to once weekly. NGENLA is the first once-weekly product approved for the treatment of pediatric growth hormone deficiency in Japan, Canada, Australia, Taiwan, United Arab Emirates and Brazil. Its European Union marketing authorization is valid in all EU Member States, as well as in Iceland, Norway and Liechtenstein. BioReference Health advances its cost-cutting initiatives. BioReference continues to implement significant initiatives to reduce costs and rationalize its business following the decline of COVID-19 testing volume. In addition, BioReference is driving innovation to its portfolio and exploring other revenue sources to return the business to profitability. Fourth […]

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Vincent and Stephanie Lo of Shui On.LUCAS SCHIFRES FOR FORBES ASIA It is most apt that the first issue of 2023 features the Hong Kong’s 50 Richest list . The easing of travel and other Covid-19 restrictions in mainland China have set the stage to reignite growth in Asia’s biggest economy—that will have a multiplier effect for the rest of the Asia region and the world in general. This month’s rich list reflects the optimism of those in Hong Kong who have been waiting to get back to the business of doing business, while savvy investors have been loading up on stocks that should bounce back as this reopening drives demand in China and across the region. Tony Fernandes.Courtesy of Capital A In the feature on Tony Fernandes and AirAsia, the Malaysian tycoon talks about his hopes of doubling the number of Chinese passengers using his airline, as mainland travelers start to journey abroad again. Fernandes is planning to capitalize on the rebound in travel, both from China and the rest of Asia, to open new destinations and launch AirAsia Cambodia this year. Asia now boasts multiple engines of growth, namely China, India and, significantly, Southeast Asia, which has […]

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© FT montage/HBO/WarnerMedia/Everett Collection/Ufotable/Alamy If your world revolves around the fate of Joel, Ellie and the Fireflies, it probably means one of two things: either you are addicted to the post-apocalyptic television series The Last of Us or you are a financial analyst with a “buy” rating on Sony. Either way, there are nail-biting weeks ahead, especially for chief financial officer Hiroki Totoki who will officially be put on track to head the Japanese group when he takes over as president this spring. For long-term Sony watchers, The Last of Us symbolises the culmination of a decade-long metamorphosis. It is a corporate transformation carried out under two successive chief executives and set to be entrusted to a third, with Hiroki’s promotion seen as the latest step before he eventually inherits the top job. This process, which veteran Sony analyst David Gibson at MST Financial describes as “remarkable”, has steadily converted Japan’s best-known consumer electronics brand into a less well understood blend of specialist hardware-maker and international media giant. “It has focused on being really good at a few things, rather than trying to be average at a lot of things,” said Gibson. It is the focus on the media […]

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Ingenza is excited to welcome Dr Mark Chadwick to the team as Strategic Business Advisor. Mark will bring extensive industry expertise to his new position at Ingenza, acquired over 30 years from a variety of roles within small growth companies, covering the areas of biotechnology, drug discovery and drug development. Dr Mark Chadwick. Image Credit: Ingenza Ltd. Mark holds a PhD in Molecular Biology from the University of Newcastle, and an MBA from Imperial College London. Throughout his diverse professional career, he has gained valuable experience of building both discovery and development businesses, most notably at BioFocus – now part of Charles River Laboratories – and at pharmaceutical services company Excelsyn. Mark also led the commercial team at Arcinova for four years, achieving a four-fold growth in sales and customer base prior to the company’s acquisition by Quotient Sciences. Ingenza has an illustrious track record of engineering diverse biological systems that help companies of all sizes to address challenges in human health and environmental sustainability. It is also committed to developing green biomanufacturing processes and together, these factors attracted me to work with the team. I’m very much looking forward to helping Ingenza to drive their growth strategy.” Dr […]

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In this article IEX+0.84 (+0.37%) The 16th edition of International Defence Exhibition and Conference and the seventh edition of the Naval Defence and Maritime Security Exhibition in Abu Dhabi, United Arab Emirates, on Feb. 21, 2023. The 16th edition of International Defence Exhibition and Conference and the seventh edition of the Naval Defence and Maritime Security Exhibition in Abu Dhabi, United Arab Emirates, on Feb. 21, 2023. Mohammed Zarandah | Anadolu Agency | Getty Images Few things illustrate the health of the arms industry like a massive defense fair. Over the last week, Abu Dhabi’s biennial international defense exhibition, known as IDEX, showcased a bustling sector. Decorated military personnel, government officials and weapons company executives mingled against the backdrop of giant missile and drone displays, while young men in terminator-like “smart armor” conducted battle simulations as fake explosions lit up massive LED screens. Sprawling across enough land for a small town and drawing some 130,000 visitors from 65 countries, this year’s IDEX was the largest and most well attended in years. It’s no secret why. Russia’s full-scale invasion of Ukraine one year ago jolted much of the industrialized world out of its comfortable status quo, in which a Western-led […]

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People walk past Christmas window displays at a department store in downtown Stockholm November 28, 2008. REUTERS/Bob Strong STOCKHOLM, Feb 24 (Reuters) – Sentiment among households and businesses inched higher in Sweden in February, with house-builders and retailers bucking the trend, data from the NIER think tank showed on Friday. Consumer confidence rose to 59.9 points from an upwardly revised 57.7 points in the previous month. The overall sentiment index rose to 85.7 points from a revised 83.3 points. Sentiment in the building sector fell 2.1 points to 94.5 points with retail down 0.7 points to 77.9 points.

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(Repeats Feb. 23 story without change to text to fix format issue) FY loss narrows to 684 mln stg Sees 2023 passenger numbers at upper end of range No dividend paid in 2022, none expected 2023 CEO says unclear on return to profitability By Sarah Young and Muvija M LONDON, Feb 23 (Reuters) – London’s Heathrow Airport, Britain’s main travel hub, expects passenger numbers this year to be at the upper end of its forecasts, as demand continues to bounce back after COVID restrictions despite business travel lagging. Heathrow, owned by Spanish group Ferrovial, Qatar Investment Authority and other investors, forecasts it will carry 58-73 million passengers in 2023, which is around 90% of pre-pandemic levels at the upper end of the range. Pent-up demand for leisure travel after three years of COVID-19 restrictions is driving passenger numbers, said Heathrow’s Chief Executive John Holland-Kaye on Thursday. "Business demand is probably the only area that is lower than we would have expected," he said. Business travellers represented 28% of passenger numbers during the final three months of 2022, compared with 32% in the same period pre-pandemic, he said. "What we’re seeing there, is a lot of consulting companies, banks, tech […]

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Chubb has announced the name for the new global climate business it launched last month: Chubb Climate+. The company has also announced the appointment of three executives to the business unit’s leadership team. Chubb Climate+ will provide insurance products and services to businesses engaged in developing or employing new technologies and processes that support the transition to a low-carbon economy. It will also provide risk management and resiliency services to those managing the impact of climate change. “The new name and visual identity reflect the value proposition of our global climate business unit, which is about enabling climate change progress around the world, at an industry level, and in local communities,” said Matthew McMullin, leader of Chubb Climate+ in North America. “We are drawing on Chubb’s extensive technical capabilities in underwriting and risk engineering and bringing together our practices engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services.” “The ‘plus’ in Climate+ is about having a positive impact and adding value for our clients across all industries as they transition to a low-carbon future and take action to be resilient to the threat of a changing climate,” said Matthew Hardy, leader of Chubb Climate+ […]

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Today’s columnist, Russell Howe of Ketch, points out three data privacy myths and why companies need to take privacy more seriously. (Credit: Stock Photo, Getty Images) Data privacy matters. For too long, companies and entities have had the upper hand when it comes to data, practicing dodgy tactics and getting away with them. It’s fair to say it’s been like the Wild West. Now the tide has turned. Consumers are worried about how their personal information gets used, and they’re learning to assert what exactly they’re willing to share, and how they’re willing to share it. We should view this as a positive change. By listening to consumers, we can learn to innovate around privacy and grow our top lines and consumer bases – all while cementing our brands as trustworthy and transparent. But we have some way before we reach that reality. There are many critical voices out there who see the pursuit of stronger data privacy everywhere as a consumer versus business fight, and some don’t want to give up decades of poor data handling. Here are three myths about data privacy , and how we can combat them to move towards a better, privacy-first future for […]

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