Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets. The London-based energy giant said Monday that the impairments were primarily driven…

Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements. Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million….

Goodbye, Greta – and hello, Sam. Those flying into next week’s World Economic Forum in Davos, Switzerland are quietly rejoicing that climate activist Greta Thunberg –  a notable fixture at the conference in recent years – isn’t expected to make an appearance this time around, sources told On The Money. Instead, OpenAI boss Sam Altman…

SAP is one of the world’s largest software firms and was investigated over activity in seven countries.

Unite Here Local 11 has reached a tentative agreement with a 10th hotel, marking continued momentum in the contract campaign it began earlier this year. The deal with the Beverly Wilshire was reached days after the union nailed down agreements with two other major Beverly Hills hotels, the Beverly Hilton and the Waldorf Astoria. It…

“Close to 96% of the net worth of the promoters of India’s wealthiest families is parked in trusts,” said Rishabh Shroff, partner at Cyril Amarchand Mangaldas, a Mumbai law firm. “These structures are increasingly attractive to wealthy business families, to shield their assets and insulate their businesses from insolvency, family or creditor disputes.”