Business & Finance News
Johnson & Johnson has agreed to pay nearly $117 million to resolve allegations that it deceptively marketed transvaginal surgical mesh devices, U.S. state attorneys general said on Thursday.
White House economic adviser Larry Kudlow said on Thursday that China’s “serious commitment” to buy $40 billion to $50 billion worth of U.S. agricultural goods as part of a phase 1 trade deal would depend in part on private companies and market conditions.
France’s Renault on Thursday cut its sales guidance for 2019 further and lowered its profitability forecast, as automakers globally struggle with slumping demand in major markets like China and costly shifts to cleaner car models.
Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year.
The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co as part of its tentative deal to end a month-long U.S. strike, but the deal would also allow the automaker to move forward with closing three plants, the union said on Thursday.
U.S. state attorneys general said on Thursday that Johnson & Johnson and its unit had agreed to pay nearly $117 million to settle litigation over deceptive marketing of the company’s transvaginal surgical mesh devices.
Volkswagen said on Thursday it has been granted an additional 90 days to test its compliance programs required under a criminal plea agreement with the U.S. government following its emissions cheating scandal.
Wall Street rose on Thursday, with the S&P 500 and Nasdaq indexes near one-month highs on upbeat earnings from Netflix and Morgan Stanley, while investors cheered Britain’s preliminary last-minute deal with the European Union.
The leadership of the United Auto Workers was meeting on Thursday to review terms of the union’s tentative deal with General Motors Co to end a crippling month-long strike at the No. 1 U.S. automaker.
Oil prices fell on Thursday after a larger-than-expected rise in U.S. crude stockpiles and a series of weak economic figures, although a drop in fuel inventories helped offset the decline.
Lawyers representing families of passengers killed in a Boeing 737 MAX crash in Ethiopia in March are set to issue subpoenas to Southwest Airlines and American Airlines , according to documents seen by Reuters.
The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.
A deal on Britain’s departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak before doubts about UK parliamentary support hauled them back.
Fitbit Inc is developing a method to detect irregular heart rhythm in time through a partnership with Bristol-Myers Squibb-Pfizer Alliance, as the wearable device maker looks to match a feature available on rival Apple Inc’s Watch.
White House economic adviser Larry Kudlow said on Thursday there was momentum to finalize the initial phase of a U.S.-China trade deal that was outlined last week, and it may be signed at the APEC forum next month in Chile.
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