Press Digest: New York Times business news - April 5

Virgin Orbit Holdings

05/04/2023 05:39

April 5 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.
     
    - Virgin Orbit  VORB.O , a satellite launch company whose
fortunes have sunk since one of its rockets failed to reach
orbit in January, filed for bankruptcy protection in the United
States on Tuesday.
    
    - Johnson & Johnson  JNJ.N  said on Tuesday that it had
agreed to pay $8.9 billion to tens of thousands of people who
claimed the company's talcum powder products caused cancer.
    
    -  The U.S. government on Tuesday filed criminal charges
accusing Charlie Javice, the founder of the now-shuttered
college financial aid company Frank, of defrauding JPMorgan
Chase & Co  JPM.N  into buying the startup for $175 million in
2021.
    
    - France's L'Oreal  OREP.PA  has agreed to buy Australian
luxury brand Aesop from Natura & Co  NTCO3.SA  for an enterprise
value of $2.53 billion, growing its presence in high-end
cosmetics with an eye to international expansion, including in
China.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))