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Showing posts with the label billion

3M agrees to pay $6 billion to settle earplug lawsuits from US service members

Chemical and consumer product manufacturer 3M has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company NEW YORK -- Chemical and consumer product manufacturer 3M said Tuesday it has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The settle ment, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029. Hundreds of thousands of veterans and current service members have sued 3M and Aearo Technologies, a company that 3M acquired in 2008, over their Combat Arms Earplugs. The service members alleged that a defective design allowed the products — which were intended to protect ears from close-range firearms and other loud noises — to loosen slightly and allow hearing damage, ...

Trump inflated his net worth by $2.2 billion, New York AG says in filing

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Former President Trump routinely overstated his net worth during years when the actual values of his holdings were far less, according to a filing by the New York AG. Former President Donald Trump routinely overstated his net worth -- sometimes by more than $2 billion -- during years when the actual values of his real estate holdings were far less than he claimed, according to a court filing Wednesday by the office of New York Attorney General Letitia James. The attorney general's office included the numbers in a motion for summary judgement that asks the court to resolve a civil fraud claim before the AG's $250 million civil suit against Trump goes to trial. The former president, meanwhile, called his real estate portfolio "the Mona Lisa of properties" during an April deposition in the suit, according to a transcript of the deposition that was made public Wednesday. MORE: New York AG Letitia James files $250M lawsuit against Trump for defrauding lenders, others ...

This is how many billion-dollar disasters have struck the US this year

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A record number of billion-dollar weather and climate disasters have already hit the U.S. this year, according to NOAA, with several months left to go in 2023. A record number of billion-dollar weather and climate disasters have already hit the U.S. this year, according to the National Oceanic and Atmospheric Administration, with several months remaining in 2023. A total of 23 separate billion-dollar disasters have been confirmed this year -- the most events on record during a calendar year, NOAA announced on Thursday. Roofing material covers a fallen palm tree after Hurricane Idalia in Perry, Fla., Aug. 31, 2023. Christian Monterrosa/Bloomberg via Getty Images, FILE The average number of billion-dollar weather- and climate-related events between 1980 and 2022 is 8.1. However, the annual average for the past five years, 2018 to 2022, is 18 events. These events include two flooding events, 18 severe storm events, including Hurricane Idalia in August, one tropical cyclone event, one w...

Powerball jackpot tops $1 billion ahead of Monday's drawing

An estimated $1.04 billion jackpot is up for grabs in the next Powerball drawing on Monday night. An estimated $1.04 billion jackpot is up for grabs in the next Powerball drawing on Monday night. It's the fourth-largest purse in the American lottery Game 's History and the second-largest this year, according to a press release from Powerball. The grand prize, which has an estimated cash value of $478.2 million, ballooned above the $1 billion mark after no ticket matched all six numbers drawn on Saturday night. However, five tickets -- purchased in Maryland, Michigan, Pennsylvania and Florida, where there were two -- matched matched all five white balls to win $1 million prizes. Two other tickets -- sold in Indiana and North Carolina -- matched all five white balls and won $2 million prizes by including Power Play, a feature that allows a winner to multiply the original amount of non- jackpot prizes for an additional $1 per play, Powerball said. MORE: Powerball tops $1 billio...

Powerball jackpot climbs to $1.2 billion ahead of Wednesday's drawing

An estimated $1.2 billion jackpot is up for grabs in the next Powerball drawing on Wednesday night. An estimated $1.2 billion jackpot is up for grabs in the next Powerball drawing on Wednesday night. It's now the third-largest purse in the American lottery Game 's History and the biggest so far this year. It's also the seventh-largest U.S. lottery jackpot ever, according to a press release from Powerball. The grand prize, which has an estimated cash value of $551.7 million, continued its ascent through billion dollar territory after no ticket matched all six numbers drawn on Monday night, Powerball said. MORE: Powerball jackpot tops $1 billion ahead of Monday's drawing However, two tickets -- purchased in Delaware and Michigan -- matched matched all five white balls to win $1 million prizes. Two other tickets -- sold in New York and South Carolina -- matched all five white balls and won $2 million prizes by including Power Play, a feature that allows a winner to mu...

Is Mar-a-Lago worth $1 billion? Trump's winter home valuations are at the core of his fraud trial

How much is Donald Trump’s Mar-a-Lago worth FORT LAUDERDALE, Fla. -- How much is Donald Trump's Mar-a-Lago worth? That's been a point of contention after a New York judge ruled that the former president exaggerated the Florida property's value when he said it's worth at least $420 million and perhaps $1.5 billion. Siding with New York's attorney general in a lawsuit accusing Trump of grossly overvaluing his assets, Judge Arthur Engoron found that Trump consistently exaggerated Mar-a-Lago's worth . He noted that one Trump estimate of the club's value was 2,300% times the Palm Beach County tax appraiser's valuations , which ranged from $18 million to $37 million. But Palm Beach real estate agents who specialize in high-end properties scoffed at the idea that the estate could be worth that little, in the unlikely event Trump ever sold. “Ludicrous,” agent Liza Pulitzer said about the judge citing the county’s tax appraisal as a benchmark. Homes a tent...

Ticket sold in California wins Powerball jackpot of $1.73 billion

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Winning Powerball numbers were drawn on Wednesday for $1.73 billion jackpot. The Powerball frenzy continued on Wednesday as numbers were drawn for the $1.73 billion jackpot. The winning numbers drawn for the jackpot prize were: 22, 24, 40, 52, 64 and red Powerball 10. The power play was 2. One ticket had all the numbers. It was sold in Frasier Park, California, which is located between Los Angeles and Bakersfield in Kern County. Powerball play tickets are seen on display at Blue Bird Liquor in Hawthorne, Calif. on Oct. 10, 2023. Jay L. Clendenin/Los Angeles Times via Getty Images The grand prize, which had an estimated lump sum payout of $756.6 million, continued its ascent through billion -dollar territory after no ticket matched all six numbers drawn on Monday night, Powerball said. MORE: Second biggest US lottery prize is up for grabs in Powerball drawing Monday's jackpot was the third-largest prize in Powerball History , officials previously said, making Wednesday's priz...

Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including debt, Exxon is committing about $64.5 billion to the acquisition, leaving no doubt of the Texas energy company's commitment to fossil fuels as energy prices surge. Pioneer shareholders will receive 2.32 shares of Exxon for each Pioneer share they own. “I think fossil fuels , as the world looks to transition and find lower sources of affordable energy with lower emissions, fossil fuels oil and gas are going to continue to play a role over time,” Exxon Mobil CEO Darren Woods said during an interview with CNBC. “That may diminish with time. The rate of that is, I think, ...

$1.4 billion Powerball jackpot prize up for grabs

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Saturday night's Powerball Jackpot prize has risen to $1.4 billion. The last jackpot prize won was won on July 19. The Powerball jackpot prize has grown to $1.4 billion , a cash value of $614 million, for Saturday night's drawing. This is the game's third largest prize ever, according to Powerball. The Powerball jackpot was last hit in the July 19, 2023 drawing. There have been 33 consecutive drawings with no jackpot wins. This is the first time back-to-back Powerball jackpot cycles have generated billion-dollar grand prizes. "This has become another top-charting jackpot in the Powerball game, and we’ve had several factors align at the right time to be able to support back-to-back billion-dollar jackpots in a matter of months," said Drew Svitko, Powerball product group chair and Pennsylvania Lottery executive director. MORE: Winning ticket for $1 billion Powerball jackpot sold in California "While dreaming about winning a billion -dollar Powerball jackpot...

Mega Millions drawing Tuesday reaches $1.1 billion

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The drawing for Tuesday's $1.1 billion Mega Millions jackpot takes place at 11 p.m. Mega Millions ticket holders will be watching Tuesday's 11 p.m. drawing closely as the numbers for the third-largest prize in the Game 's History are revealed. The jackpot has climbed to $1.1 billion with no winner since Oct. 14. The cash option is $568.7 million. MORE: What comes next for the lucky Mega Millions winners who become wealthy overnight? While it's the third-largest prize in Mega Millions History , it is the fifth-largest in U.S. lottery History . The largest prize in lottery History came in November 2022, when a single Powerball winner took home $2.04 billion . The odds of winning the Mega Millions jackpot are 1 in 302.5 million. Mega Millions lottery tickets and a wager slip are displayed, Jan. 6, 2023, in Derry, N.H. Charles Krupa/AP, FILE The lucky winner can opt for either an annuity or the cash option. The Mega Millions annuity is paid out as one immediate paymen...

Say cheese! Galactic photo shoot captures 3 billion stars

A galactic photo shoot has captured more than 3 billion stars and galaxies in one of the biggest sky surveys ever CAPE CANAVERAL, Fla. -- A galactic photo shoot has captured more than 3 billion stars and galaxies in one of the biggest sky surveys ever. A dark-energy camera on a telescope in Chile made the observations over two years, focusing on the Southern Hemisphere sky. The National Science Foundation’s NOIRLab released the survey results this week. Shown in remarkable detail, most of these Milky Way objects are stars . The count also includes small, distant galaxies that may have been mistaken as individual stars . It’s like taking a group shot and being able to distinguish not only each individual, but the color of their shirt, said lead researcher Andrew Saydjari, a doctoral candidate in physics at Harvard University. “Despite many hours of staring at images containing tens of thousands of stars, I am not sure my mind has wrapped around the magnitude of these numbers," ...