Bloomberg Business

Leonardo CEO Under Investigation Over His Time as Italy Minister

Italy’s prosecutors are investigating Leonardo SpA’s Chief Executive Officer Roberto Cingolani for having provided an environmental authorization to Solvay SA during his time as minister, according to people familiar with the matter.

San Francisco Archbishop Goes Bankrupt to Settle Sex Abuse Suits

The Roman Catholic Archbishop of San Francisco has filed for bankruptcy in an effort to settle more than 500 child sex abuse lawsuits, becoming the latest religious organization driven to bankruptcy by a wave of sex abuse ligation.

Chile Floods Force Mass Evacuations After Torrential Rains

Chilean President Gabriel Boric declared a state of catastrophe in parts of central Chile after a bizarrely hot spell over winter ended with torrential rains, forcing the evacuation of thousands of people and killing two.

American Air Pilots Approve Record Contract With Higher Pay

American Airlines Group Inc. pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits.

LibreMax’s Main Fund Gains 6% After Volatile First Half of 2023

LibreMax Capital’s main fund notched returns of roughly 6% through July this year, according to a person familiar with the matter, after betting on asset-backed securities and rotating out of commercial and residential mortgage debt and collateralized loan obligations.

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