Business & Finance News
U.S. stocks gained for a fourth straight session on Thursday and Wall Street’s main indexes hit record highs amid lessening concerns over the economic fallout from the coronavirus outbreak in China.
Johnson & Johnson was ordered on Thursday by a jury in a New Jersey court to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, according to a lawyer for the plaintiffs.
Juul Labs Inc has raised more than $700 million in convertible debt from investors to fund its operations, a source familiar with the matter told Reuters, as the e-cigarette maker battles growing regulatory scrutiny on vaping.
Elon Musk’s SpaceX plans to list its space internet venture, Starlink, but not for several years, a company official told Reuters on Thursday.
Airbus posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and carried out 31 aircraft deliveries.
Activist investor Elliott Management Corp has amassed a stake in SoftBank Group and is discussing ways it could boost the value of the Japanese conglomerate, people familiar with the matter told Reuters.
BlackRock Inc has cited both the value and costs of shareholder proposals in a long-awaited letter to regulators weighing reforms to the proxy process, effectively looking for a middle ground in a hotly contested area of U.S. rulemaking.
Toyota Motor Corp will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021, marking a major step to shift production of its popular Tacoma pickup truck to Mexico from the United States, the company said on Thursday.
The U.S. International Trade Commission said on Thursday it was launching a patent investigation into certain audio players and controllers sold by Alphabet Inc’s Google LLC based on a complaint by rival smart speaker maker Sonos Inc .
Canada’s privacy commissioner asked a federal court to declare that Facebook had broken federal privacy law for the private sector, according to a notice of application filed on Thursday.
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that defused a bruising trade war between the world’s two largest economies.
Flight testers discovered another flaw in the software of Boeing Co’s grounded 737 MAX, the plane that suffered two fatal crashes, though the company and the top U.S. aviation regulator said on Thursday the issue most likely could be fixed without extending the target date for the plane’s return to service.
Kuwait’s anti-corruption authority (NAZAHA) said on Thursday it was open to receiving any information about alleged bribes paid to secure Airbus plane orders involving Kuwaiti parties, according to the state news agency.
U.S. stocks advanced for the fourth straight session on Thursday with the S&P 500 and Dow Industrials hitting record highs on China’s efforts to contain the economic fallout of the coronavirus outbreak.
Elon Musk’s SpaceX plans to spin off its internet venture, Starlink and pursue an initial public offering for the unit, Bloomberg reported on Thursday, citing the rocket company’s chief operating officer, Gwynne Shotwell.
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