U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
Bulgaria is ready to offer more incentives to Volkswagen to build a new plant in the country after the carmaker postponed a decision on building it in Turkey amid criticism of Ankara’s offensive in Syria.
(Bloomberg) — Johnson & Johnson has offered to pay $4 billion to settle all claims accusing the company of helping fuel the U.S. opioid epidemic, as part of a potentially larger deal involving drugmakers and distributors that could top $20 billion.J&J’s overture came on the heels of a proposal by distributors McKesson Corp., Cardinal Health Inc. and AmerisourceBergen Corp. to pay $18 billion to wipe out all opioid suits against those companies, according to people familiar with the proposal. The Wall Street Journal first reported the distributors’ offer Tuesday. The money would be paid out in annual $1 billion increments, …read more […]
Bayer expects the number of claims in the United States related to Roundup herbicide to have surged in the third quarter, as the German drugs and pesticides maker tries to reach a settlement after earlier court rulings against it.
Turkey’s Halkbank said on Wednesday that U.S. charges against it amount to an escalation of Washington’s sanctions on Ankara over its military incursion in Syria, while President Tayyip Erdogan called them an “unlawful, ugly” step.
Tom Fallon has been the CEO of Infinera Corporation (NASDAQ:INFN) since 2010. This analysis aims first to contrast CEO… …read more […]
Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in its vast Chinese home market.
Medical device maker Abbott Laboratories reported quarterly revenue that fell just short of Wall Street estimates and trimmed the upper end of its full-year earnings forecast on Wednesday, sending its shares down 2%.
Bank of America Corp beat Wall Street estimates for quarterly profit as it earned more in advisory fees and grew its loan book, easing concerns that lower interest rates would crimp growth at the second-largest U.S. bank.
Bayer expects the number of claims in the United States related to Roundup herbicide to have surged in the third quarter, as the German drugs and pesticides maker tries to reach a settlement after earlier court rulings against it. Bayer, which acquired Roundup and other glyphosate-based weed killers as part of its $63 billion takeover of Monsanto last year, faces potentially heavy litigation costs as plaintiffs claim Roundup causes cancer, something Bayer disputes. Bayer’s shares have lost about 30% of their value since last August when a California jury in the first such lawsuit found Monsanto should …read more […]
Oil steadied below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
Bank of New York Mellon Corp reported a better-than-expected quarterly profit on Wednesday, as the world’s largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates.
Volvo Cars, owned by China’s Geely Holding , is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday.
Oil edged further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
Bank of America Corp , the second-largest U.S. bank by assets, beat analysts’ estimates for quarterly profit as gains from trading in stocks and robust loan growth helped cushion it from lower interest rates.
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