Unum, Mohawk on Fortune 500 list
With virtually $13.2 billion of revenues final yr, the Chattanooga-based Unum Group ranked as the 230th major U.S.business in the 2021 Fortune 500 list of America’s major businesses launched Wednesday. Unum, the world’s major disability insurer, jumped from 266 very last 12 months to 230 this calendar year in the annual Fortune 500 rating and was between 10 corporations in Tennessee and 16 in Ga that were being between the 500 most important U.S. firms.
Mohawk Industries, which is headquartered in Calhoun, Georgia, ranked No. 321 on the latest Fortune 500 listings. Resolute Forest in Calhoun, Tennessee rated 783 on the prolonged Fortune checklist of the most significant businesses.
The other Tennessee organizations on the Fortune 500 listing integrated FedEx, No. 45 HCA Health care, No.62 Greenback General, No. 91 Intercontinental Paper, No. 141 AutoZone, No. 238 Community Health Devices, No. 259 Tractor Supply, No. 291 Eastman Chemical, No. 355, and Delek US Holdings, No. 397.
The major firms in the U.S., in buy, are Walmart, Amazon and Apple. according to Fortune.
FEC fines Enquirer for helping Trump
A federal election watchdog fined the publisher of the National Enquirer $187,500 for squelching the story of a former Playboy design who claimed she’d had an affair with previous President Donald Trump.
The Federal Election Commission fined A360 Media, previously recognised as American Media, for spending Karen McDougal $150,000 in August 2016, indicating the payment was designed to keep her story from turning out to be public just before the presidential election.
The FEC explained the publisher’s “payment to Karen McDougal to order a restricted lifetime tale proper blended with its determination not to publish the story, in consultation with an agent of Donald J. Trump and for the reason of influencing the election, constituted a prohibited company in-kind contribution.”
Marketing campaign finance rules prohibit businesses from cooperating with a campaign to have an affect on an election.
Federal prosecutors in Manhattan agreed in 2018 not to prosecute American Media in trade for its cooperation in a campaign finance investigation. That probe led to a a few-12 months prison phrase for Trump’s former personalized law firm, Michael Cohen, who had urged the publisher to get hold of the rights to McDougal’s story and promised to reimburse them for the payment.
Kentucky sues CVS about opioid addictions
Kentucky’s lawyer basic on Wednesday sued CVS Overall health, accusing its pharmacy chain of flooding the condition with prescription opioids that contributed to the state’s dependancy woes.
Lawyer General Daniel Cameron filed the lawsuit in Franklin County Circuit Courtroom in Kentucky’s capital town. Cameron claims the overall health treatment enterprise performed a function in “fueling the disaster” by inundating the point out with millions of doses of powerful prescription painkillers. The condition is in search of civil penalties and punitive damages in the fit.
“As both equally distributor and pharmacy, CVS was in a exceptional placement to keep an eye on and cease the peddling of these highly-addictive medications from their suppliers, still they dismissed their possess safeguard systems,” Cameron claimed in a information release.
In 2015, drug overdoses accounted for about 60% of Kentucky’s statewide accidental fatalities, Cameron reported. The Republican legal professional normal is urgent lawsuits against numerous opioid brands and distributors. Quite a few of individuals suits ended up filed by Cameron’s predecessor, Democrat Andy Beshear, who is now Kentucky’s governor.
CVS Health and fitness, which operates one of the nation’s most significant drugstore chains, explained it is well prepared to protect itself in opposition to the state’s allegations.
“Opioids are manufactured and promoted by drug producers, not pharmacies,” the business mentioned.
— Compiled by Dave Flessner
