Millions struggle to pay AC bills in heat waves. Federal aid reaches only a fraction

Bobbie Boyd talks about this summer's heat in her apartment which she shares with her 15-year-old grandson Jeremiah Williams Wednesday, Aug. 9, 2023, in Fayetteville, Ark. On a fixed income, Boyd sacrifices meals, health care, and car insurance among other necessities to pay rent and keep cool in the midst of this summer's prolonged heat waves. (AP Photo/Charlie Riedel)

DENVER (AP) Bobbie Boyd is in a losing battle against near triple-digit temperatures in northwest Arkansas. Her window air conditioner runs nonstop and the ballooning electric bill carves about $240 out of her $882-a-month fixed income. So the 57-year-old cuts other necessities. Boyd eats one meal a day so her 15-year-old grandson, who shes raising … Read more

Corebridge sheds health care business to focus on massive annuity sales

Corebridge sheds health care business to focus on massive annuity sales

Corebridge Financial continues to streamline, separate from American International Group and shed businesses that do not involve the record-setting annuity market. Corebridge reported net income of $771 million in the second quarter as premiums and deposits increased 42% year over year. The results follow a 26% bump in premiums and deposits in Q1. “Second-quarter conditions … Read more

Opioid company may back out of $20 million owed to Virginia

One of the major pharmaceutical companies accused of flooding America with generic, addictive painkillers is floating a plan to avoid paying over $1 billion as part of a national settlement for victims of the opioid epidemic. Mallinckrodt Pharmaceuticals, which produced more than a third of the opioids in circulation from 2006 to 2012, is one … Read more