Regime Change At Federal Reserve?

The Fed just began the rollout of a new technology that'll "shake the US financial system". It'll likely go down in history as the biggest change to money since Western Union launched its "lightning lines" in the early days of the telegraph.

3M's Aearo Technologies Files For Bankruptcy To Get Out Of Her Courtroom, Federal Judge Says: WSJ

Akanksha Bakshi
August 12, 2022

A month ago, many U.S. military veterans had filed lawsuits against 3M Co (NYSE: MMM) for hearing impairment caused by faults in the company's military-grade earplugs.

A federal judge questioned 3M Co.'s decision to transfer several claims regarding military earplugs to bankruptcy court, noting that a corporate company "voluntarily agreed" to take on those harm responsibilities prior to filing for Chapter 11, reported Wall Street Journal.

Aearo Technologies LLC, a 3M subsidiary named as a co-defendant and its publicly traded parent company in the roughly 230,000 pending claims, filed for bankruptcy last month.

Related3M Might Face Billion-Dollar Lawsuit Over Earplugs Manufactured For Military Use: WSJ

Judge M. Casey Rodgers in the U.S. District Court in Pensacola, Fla., deferred a ruling Thursday on military veterans' request that she maintains jurisdiction over mass claims that 3M earplugs were defective.

Judge Rodgers said that it appears 3M placed Aearo under chapter 11 to get out of her courtroom and face the earplug claims in bankruptcy court instead.

Under agreements signed between Aearo and 3M, the parent company has committed to pay $240 million to fund Aearo's reorganization process in the U.S. Bankruptcy Court in Indianapolis and at least $1 billion more toward settling the earplug litigation. In return, 3M would be shielded from all pending and future earplug claims.

"The only reason Aearo needs to reorganize is because of this newly created indemnity agreement. Outside of that, there's no reason in my view for 3M" to agree to pay $1.24 billion, Judge Rodgers said.

3M's lawyer Jessica Lauria disagreed with the judge's characterization, saying that 3M acquired Aearo in 2008 and that about 80% of the earplug claims predated 3M's ownership. 3M has denied liability in the earplug litigation and said the product is safe when used correctly.

Price Action: MMM shares closed higher by 0.19% at $149.66 on Thursday.

Continue Reading...

Popular

Team Biden Unveils Comprehensive Policy For Federal AI Use: Here's What It Entails

The new White House policy requires federal agencies to appoint chief AI officer and is an extension of President Biden's AI executive order.

France's Macron tells Brazilian execs that prospective Mercosur-EU deal is 'terrible' and outdated

SAO PAULO (AP) — French President Emmanuel Macron told Brazilian executives on Wednesday that a proposed deal between the European Union and the South American trade bloc Mercosur is bad for both parties.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Blue Chips and Billionaires Quietly Investing in "The New Oil" - Ad

They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.

Why Is UPS Stock Shooting Higher Today?

United Parcel Service forecasts robust FY26 revenue of $108 billion - $114 billion, with adjusted operating margin expected above 13%. With anticipated free cash flow of $17 billion - $18 billion. UPS will host its investor and analyst conference today at its Worldport air hub in Louisville.

MUST SEE By May 1: Beware Biden's Trojan Horse - Ad

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Stock market today: Asian shares trade mixed after Wall Street closes near record finish

TOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates.

Top 2 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the communications services sector presents an opportunity to buy into undervalued companies.

Former Goldman VP: "Here's What's Coming Next" - Ad

The man who traded during 1987's Black Monday crash has a surprising prediction for Americans, all centering on one stock.

A Delta flight was cut short after a panel behind one of the engines fell off during takeoff

A flight over the weekend was cut short and the plane returned to Salt Lake City after a panel behind one of the two engines fell off during takeoff.

CRITICAL May 1st Warning - Ad

Jason Bodner is going public today with an urgent new warning. He believes the most popular investment of 2024 is set to pop... And it could all start just days from now. This has NOTHING to do with A.I. stocks... It has NOTHING to do with crypto currency... And it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion.

Kansas considers limits on economic activity with China and other 'countries of concern'

TOPEKA, Kan. (AP) — Republican legislators in Kansas advanced proposals Wednesday aimed at preventing individuals and companies from China and other U.S. adversaries from owning farmland or business property, limiting state investments in foreign companies and restricting the use of foreign-made drones.

Shiba Inu Burn Intensifies, Millions Of Tokens Destroyed: 'If Someone Can Pull Miracle Recovery It's SHIB'

Meme coin Shiba Inu (CRYPTO: SHIB), the world's second-biggest meme cryptocurrency, has seen a significant surge in SHIB tokens permanently removed from circulation,

2,000,000 "A.I. Crown Jewels" Set for Mass Production - Ad

A.I. investors...get ready: Because this little-known supplier just received a GIGANTIC order from Nvidia. It's one of the biggest production runs in technology history. And it's part of the reason why Barrons says this supplier could see $100 BILLION in sales by 2025.

Jim Cramer Sees Opportunity In Palo Alto Networks After Stock Is 'Overly Punished' In 2024

Jim Cramer noted that Palo Alto Networks had been "overly punished" this year and that he is considering buying more shares of the company.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Robert F. Kennedy Jr., Environmental Lawyer, Receives Oil Company Profits

A financial disclosure shows that a family trust owned by Robert F. Kennedy makes money from the same oil and gas companies the presidential candidate opposes.

"Safe" Investors Who Don't Get Out of Cash NOW Could Lose Everything Over the Next Six Months - Ad

The next six months are going to be some of the most precarious times to invest in the history of the United States. Because for the first time, your money is at risk of being completely wiped out, even when you think it is safest. This bubble is on a schedule and to get out before your portfolio becomes shark bait, you need to...

MyPillow, owned by election denier Mike Lindell, faces eviction from Minnesota warehouse

ST. PAUL, Minn. (AP) — A court plans to order the eviction of MyPillow from a suburban Minneapolis warehouse that it formerly used, but company founder and prominent election denier Mike Lindell said Wednesday that it's just a formality because the landlord wants to take the property back.

Angela Chao, Mitch McConnell's sister-in-law, was drunk when she drove into pond, police say

JOHNSON CITY, Texas (AP) — Angela Chao, a shipping industry CEO and sister-in-law to Senate Minority Leader Mitch McConnell, was intoxicated when she drove into a pond and died last month in Texas, according to a law enforcement report released Wednesday.

Energy Storage Trend Ignites Frenzy Over Vanadium Supply - Ad

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

'Women farmers are invisible': A West African project helps them claim their rights — and land

ZIGUINCHOR, Senegal (AP) — Mariama Sonko’s voice resounded through the circle of 40 women farmers sitting in the shade of a cashew tree. They scribbled notes, brows furrowed in concentration as her lecture was punctuated by the thud of falling fruit.

Top 3 Financial Stocks That May Explode This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

On Location at My No. 1 A.I. Stock Pick - Ad

In this video, I go on location to share the name, ticker symbol, and story behind my #1 A.I. stock pick. I can almost guarantee you've never heard of this company -- but soon you, your friends, and your family will likely all be using it.

Benzinga Bulls And Bears: Tesla, Nvidia, Bitcoin And A Sudden Spike In Google Searches For Shiba Inu

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

New Mexico regulators worry about US plans to ship radioactive waste back from Texas

ALBUQUERQUE, N.M. (AP) — Federal officials gathered Tuesday in southern New Mexico to mark the 25th anniversary of the nation’s only underground repository for radioactive waste resulting from decades of nuclear research and bomb making.

Dutch leader is visiting Beijing for talks on Ukraine, Gaza and restrictions on high-tech exports

BEIJING (AP) — Dutch Prime Minister Mark Rutte is meeting with Chinese leaders Wednesday for talks that are expected to include the wars in Ukraine and Gaza and Dutch restrictions on the export of semiconductor manufacturing equipment to China.

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

Carnival's Fleet Optimization Poised To Unlock Explosive Earnings Growth, Says Analyst

Mizuho analyst Ben Chaiken initiated coverage on the shares of Carnival Corp (NYSE:CCL) with a Buy rating and announced a price target of $21.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service