Business & Finance News
Verizon Communications Inc is seeking a buyer for its blogging website Tumblr, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
(This April 30 NYT story corrects the difference in price between the Tesla panels and the national average to 16 percent from 38 percent)
The founder of Insys Therapeutics Inc and four colleagues were found guilty on Thursday of bribing doctors to prescribe the drugmaker’s addictive painkiller, helping to drive the U.S. opioid drug abuse crisis.
Global equity markets declined for a second straight day on Thursday while the dollar and bond yields rose after comments from Federal Reserve Chairman Jerome Powell caused investors to alter expectations for a rate cut by the central bank this year.
Jurors on Thursday said they had reached a verdict in the trial of the founder of Insys Therapeutics Inc and four colleagues accused of bribing doctors to prescribe an addictive painkiller, helping to drive the U.S. opioid drug abuse crisis.
Blackstone Group is seeking up to $600 million in damages from the chairman and controlling shareholder of Italian publisher RCS Mediagroup over a disputed property sale, a source close to the fund said on Thursday.
PepsiCo Inc has agreed to withdraw lawsuits against Indian potato farmers it alleged infringed a patent by cultivating a variety grown exclusively for its Lay’s potato chips.
Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product lines.
Wall Street’s main indexes slipped on Thursday, as a slide in energy stocks added to the gloom after the Federal Reserve dampened expectations of an interest rate cut this year.
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals in the near future due to underinvestment in the mining sector, the company’s head of minerals procurement told an industry conference on Thursday, according to two sources.
Shares of vegan burger maker Beyond Meat Inc surged 84 percent in their market debut on Thursday, as investors look to cash in on the growing popularity of veganism.
PepsiCo Inc will withdraw its lawsuits against a number of Indian potato farmers accused of infringing its patent, the company said on Thursday.
Alphabet Inc’s Google unit told a U.S. House panel it annually spends hundreds of millions of dollars on content review and said it manually reviewed over 1 million suspected “terrorist videos” on YouTube in the first three months of 2019.
DowDuPont Inc posted a 28 percent slump in quarterly profit on Thursday, as floods in the United States delayed seed shipments and demand for its specialized chemicals used by the auto and smartphone industries declined, sending shares down about 6 percent.
U.S. stocks headed lower on Thursday as a slide in energy stocks added to gloom after the Federal Reserve quashed hopes of interest rate cuts this year.
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