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Minnesota Reaches Settlement Agreement with e-Cigarette Maker Juul

Minnesota has reached a settlement agreement with e-cigarette manufacturer Juul Labs and its major shareholder Altria Group over ads that allegedly violated state laws by targeting minors

Nurse Shortage Pushes Hospitals Into the Gig Economy

Hospitals are joining the gig economy. Some of the nation’s largest hospital systems including Providence and Advocate Health are using apps similar to ride-hailing technology to attract scarce nurses

David's Bridal Files for Chapter 11 Protection

David's Bridal, one of the largest sellers of wedding gowns in the U.S., has filed for chapter 11 bankruptcy protection for a second time, 6abc.com reported. The news comes just days after the

Vice Media Hires Interim Finance Chief as It Seeks a Buyer

Vice Media has hired an executive from turnaround specialist AlixPartners as its interim finance chief as the struggling media company looks for a buyer, WSJ Pro Bankruptcy reported. AlixPartners

SAS Will Not Use Second Tranche of $700 Million Apollo Loan

SAS will not be using the second tranche of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, due to stronger than expected development of the airline's

U.S. Derivatives Regulator Says Binance Intentionally Flouted Rules

The head of Commodity Futures Trading Commission admonished Binance Holdings Ltd over its compliance with US rules after the derivatives regulator sued the crypto exchange and its chief executive last

U.S. Bank Deposits Rose, Loans Ticked Down in Latest Week -Fed Data

Deposits at U.S. commercial banks rose in early April in a renewed sign of confidence in the banking sector after massive deposit outflows following last month's failure of two large regional banks

Wells Fargo Warns of More Office-Market Stress on the Way

Wells Fargo & Co. warned about shakiness in the commercial real estate market and said it’s reviewing its more than $35 billion portfolio of office loans for ways to decrease risk, Bloomberg News

Yellen Says U.S. Banks May Tighten Lending and Negate Need for More Rate Hikes

U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal

Banks Are Finally Facing Pressure to Pay Depositors More

Depositors fled to the perceived safety of the titans of finance following a pair of bank failures last month, the Wall Street Journal reported. Small and midsize U.S. banks lost hundreds of billions