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Chipotle to pay US$25 million related to food borne illness outbreaks: Justice Department

Chipotle Mexican Grill has agreed to pay US$25 million and enter a deferred prosecution agreement to resolve charges related to food borne illness outbreaks that sickened hundreds of people between 2015 and 2018, the Justice Department said on Tuesday.

Markets

Strained US mortgage firms get support but push for liquidity facility

The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.

Markets

Coronavirus-related job losses hit US black, Hispanic families hardest, studies find

Black and Hispanic families in the United States are taking the biggest income hit due to the coronavirus pandemic, and they are less prepared to withstand the blow, according to two studies released Tuesday.

Markets

Indian court quashes government’s call for ban on Deloitte, KPMG affiliate

An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & Sells LLP and a KPMG affiliate for their alleged abetment of a financial fraud at a domestic firm.

Markets

New York charges Mallinckrodt with insurance fraud over opioid claims

New York has charged Mallinckrodt Plc with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions.

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Exclusive: Facebook agreed to censor posts after Vietnam slowed traffic – sources

Facebook's local servers in Vietnam were taken offline early this year, slowing local traffic to a crawl until it agreed to significantly increase the censorship of "anti-state" posts for local users, two sources at the company told Reuters on Tuesday.

Markets

New York charges Mallinckrodt with insurance fraud related to opioids

New York has charged Mallinckrodt Plc with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions.

Markets

JPMorgan Chase developing plan to return employees to work in phases: memo

JPMorgan Chase & Co told employees on Tuesday that it is working to develop a strategy to have employees return to work in offices in phases, according to an internal memo seen by Reuters.

Markets

US energy secretary to urge House lawmakers to buy oil for strategic reserve

The U.S. energy secretary said on Tuesday he would talk with leaders in the U.S. House of Representatives later in the day and urge them to fund the purchase of crude to fill the emergency oil reserve.

Markets

Gucci sales hit hard by start of virus outbreak in China

French luxury goods group Kering said on Tuesday comparable sales fell by 16.4per cent in the first quarter, with its Gucci brand hit harder than its other labels due to its strong exposure to China at the start of the coronavirus outbreak.

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