By Mark Kleinman, City Editor Wealth manager Seven Investment Management is in advanced talks about a takeover by one of the UK's oldest investment trusts in a deal that will continue a recent flurry of corporate activity in the sector. Sky News has learnt that Caledonia Investments, which traces its roots to the shipping empire established by Sir Charles Cayzer in 1878, is close to agreeing the purchase of a controlling stake in Seven
Smokers in Quebec have been awarded more than £8bn (C$15.5bn) in damages after the biggest class action lawsuit in Canadian history was brought against tobacco companies. Most of the compensation will be given to about 100,000 current and former smokers, who alleged that three of the world's biggest brands did not adequately warn the public that cigarettes could cause cancer and other illnesses, even though the industry was aware of the dangers in the 1950s.
CNN's Jeff Zeleny reports that a new poll finds that Hillary Clinton's "shine has tarnished": "A new CNN/ORC poll, hot off the presses, it reveales that Hillary Clinton is hitting a speed bump on the road to the White House and Jeb Bush also having issues shaking his family connections," CNN host Alisyn Camerota reported. "You're right: Hillary Clinton's shine has tarnished a little bit just two months after she entered the presidential race," Zeleny
The heads of both the International Monetary Fund and the European Central Bank have attended talks in Berlin in an attempt to reach a deal with Athens.They joined German Chancellor Angela Merkel, French President Francois Hollande and European Commission head Jean-Claude Juncker at the meeting. The aim was to come up with "a final proposal" to present to Athens, according to reports.A €300m (£215m) payment to the IMF is due on Friday.There are fears Greece
Five people are dead and hundreds are missing after a ship carrying more than 450 people capsized on the Yangtze River in China's Hubei province.The ship is floating upside down in a wide stretch of river - state media said rescuers tapping the hull had heard calls for help from inside.The boat, the Eastern Star, reportedly sent no emergency signal.Media reports say the alarm was raised by several people who had swum to shore and
"In addition to strategies and recommendations outlined by the Administration’s Pollinator Health Task Force, outside organizations have stepped up to support pollinators. This year, W. Atlee Burpee Co. donated one million pollinator seed packets to the U.S. Department of Agriculture and the Department of Interior to encourage people to plant pollinator gardens in communities across the country. Nearly 30,000 of these seed packets were distributed to families at this year’s Easter Egg Roll. As well,
Repealing the medical-device tax has become one of Washington’s most popular bipartisan initiatives, and not just for its innovation-spurring benefits McCarthy cites. As the Washington Post noted last year, federal lobbying by the medical-device industry has exploded in the last decade in the run-up to the passage of Obamacare in 2010. Furthermore, writes the Post, “overall lobbying by the industry never really abated after the passage of the health-care law.” The industry lobbies members of
Bill Clinton, no stranger to controversy, raised eyebrows again with a Clinton Global Initiative gathering last month, as ABC News put it, "at a five-star luxury hotel in Morocco [hosted] by one of the world's most controversial mining companies, criticized for 'serious human rights violations' by the Robert F. Kennedy Center for Justice." And as is the case with every trip a former president takes (and President Clinton takes a lot of trips),