Business News
Toys ‘R’ Us to sell Geoffrey the Giraffe, and sex-toys-r-us.com
WILMINGTON, Del (Reuters) – Next month, Toys ‘R’ Us is putting its famous mascot, Geoffrey the Giraffe, on the auction block. Also up for sale: sex-toys-r-us.com.
Year: 2018
Business News
J&J defends itself in trial over baby powder asbestos claims
(Reuters) – A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the latest case against the healthcare conglomerate and a supplier over their talc-based products.
Business News
Study finds Uber’s growth slows after year of scandal; Lyft benefits
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday.
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Supreme Court greenlights driver rights in rental car case
The Supreme Court said Monday that people who borrow rental cars from friends or family are generally entitled to the same protections against police searches as the authorized driver. The justices ruled unanimously that as a general rule someone who is “in otherwise lawful possession and control of a rental car” has a reasonable expectation of privacy in the car even if the rental agreement doesn’t list the person as an authorized driver. The Trump administration had argued that anyone driving a rental car but not listed on a rental agreement does not have an expectation of privacy …read more […]
Business News
NAFTA ‘hot topics’ unresolved as deal deadline looms, says U.S. official Ross
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday that none of the contentious issues in a new NAFTA trade deal appear to have been resolved, diminishing chances of meeting a Thursday deadline to notify U.S. lawmakers of an agreement.
Business News
Wynn Resorts says Hagenbuch will not stand for re-election to board
(Reuters) – Casino operator Wynn Resorts Ltd said on Monday that John Hagenbuch will not stand for re-election to the company’s board at the annual meeting on May 16.
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Can Nvidia (NVDA) Keep Up Its Massive Growth?
Shares of Nvidia (NVDA) have dipped slightly since the GPU power reported yet another quarter of impressive top and bottom line growth last week. Now the question is will Nvidia continue to expand at its current pace, or are its days of rapid growth numbered. …read more […]
Business News
Trump defends intervention to help China telecom company ZTE
WASHINGTON (Reuters) – President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers.
Business News
Wall St. ekes out gains as trade optimism pressured by defensive stocks
NEW YORK (Reuters) – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp that calmed the waters of U.S.-China trade tensions.
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Mueller Refutes Manafort’s Claim of Grand Jury Leaks by Government
Special Counsel Robert Mueller urged a federal judge to reject a request by Paul Manafort, the indicted former Trump campaign chairman, for a hearing to determine whether government officials improperly leaked secret grand-jury information to the news media. U.S. prosecutors said in a filing on Monday that defense attorneys had failed to provide evidence that news reports about Mueller’s investigation of Manafort were based on matters before a grand jury in Alexandria, Virginia, that indicted him in February on tax- and bank-fraud charges. Manafort had asked the judge to identify and punish government officials who allegedly disclosed secret …read more […]
Business News
U.S. to consider expanding Medicare drug price negotiation
WASHINGTON/NEW YORK (Reuters) – The Trump administration is considering expanding Medicare’s ability to negotiate the cost of drugs by giving private payers a role in setting the price of medicines administered in hospitals and doctors’ offices, Health and Human Services Secretary Alex Azar said on Monday.
Business News
Trump defends intervention on China’s ZTE
WASHINGTON (Reuters) – President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers.
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Watchdog: EPA’s Pruitt demanded 24/7 armed security on Day 1
Environmental Protection Agency Administrator Scott Pruitt demanded and received unprecedented around-the-clock armed security protection on his very first day, according to new details disclosed Monday by the agency’s internal watchdog. EPA Inspector General Arthur Elkins said in letters to Democratic senators that Pruitt himself initiated the 24-hour-a day protection. Pruitt’s staff has previously said the enhanced protection, which far exceeds that afforded to past EPA administrators, was triggered by death threats. …read more […]
Business News
Wall St. edges higher on U.S.-China trade optimism
NEW YORK (Reuters) – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset trade optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp, calming the waters amid U.S.-China trade tensions.
Business News
Home Depot well placed to withstand ‘Amazon effect,’ investors say
NEW YORK (Reuters) – Home Depot Inc shares have climbed with the approach of spring weather, as some investors believe the retailer is well positioned to fend off the competitive threat of online retailers as the peak season for home improvement begins.