Business & Finance News
Companies making their debut on the U.S. stock market are getting a rough welcome, especially if they are losing money, casting a shadow over the calendar for initial public offerings for the rest of the year.
The world’s two largest consumer goods companies, Nestle and Procter & Gamble , told Reuters this week that they will fall short of their goals to only source key ingredients that do not contribute to deforestation by 2020.
Mylan NV has agreed to pay a $30 million fine to settle U.S. Securities and Exchange Commission charges it hid from investors the impact of a federal probe into the drugmaker’s overbilling the government for its EpiPen allergy treatment.
The European Central Bank’s chief economist Philip Lane played down divisions at the institution on Friday after the shock resignation of a fellow board member earlier in the week in contrast with the ECB’s ultra-aggressive stimulus policy.
Oil prices steadied on Friday but were heading for a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth.
Italy’s deputy industry minister said that “something has to change” at oil and gas group Eni after news emerged that the company’s chief executive was under investigation for a conflict-of-interest issue over dealings in the Congo.
The S&P 500 and Nasdaq slipped on Friday, pulled lower by a slide in Micron shares after the chipmaker blamed U.S.-China trade tensions for its downbeat first-quarter profit forecast, but gains in financials kept the Dow in positive territory.
Mylan NV will pay a $30 million civil fine to settle U.S. Securities and Exchange Commission charges it concealed a possible loss related to a federal probe on whether it overcharged Medicaid by hundreds of millions of dollars for sales of its EpiPen Auto-Injector.
Boeing Chief Executive Dennis Muilenburg has agreed to testify before Congress next month on the grounded 737 MAX that was involved in two fatal crashes that killed 346 people, a U.S. House of Representatives committee and the company said on Friday.
The U.S. Securities and Exchange Commission on Friday sued Mylan NV , accusing it of failing to timely disclose a possible loss related to a Department of Justice probe into whether the company overcharged Medicaid by hundreds of millions of dollars for sales of the EpiPen Auto-Injector.
The United States and European Union are edging closer to a tit-for-tat tariff war over aircraft subsidies as a 15-year-old dispute at the World Trade Organization reaches its climax.
Oil prices fell on Friday and were heading for a weekly loss on a faster than expected recovery in Saudi output while slowing Chinese economic growth dampens the demand outlook.
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
Boeing Chief Executive Dennis Muilenburg has agreed to testify before Congress next month on the now grounded 737 MAX that was involved in two fatal crashes that killed 346 people, a U.S. House Committee said on Friday.
Italy’s Tod’s appointed a former Google executive as chief digital and innovation officer to ramp up its ongoing digital transformation, the shoes and leather goods company said on Friday.
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