U.S. Supreme Court ruling threatens massive talc litigation against J&J Johnson & Johnson is seizing upon a U.S. Supreme Court ruling from Monday limiting where injury lawsuits can be filed to fight off claims it failed to warn women that talcum powder could cause ovarian cancer. New Jersey-based J&J has […]
Business
Business
Fed policymakers in tug-of-war on inflation, instability The outlook for inflation and the future of financial stability are emerging as dueling concerns at the heart of a debate at the U.S. central bank over how fast to proceed on future interest-rate hikes. That is a change from years past, where […]
Toshiba picks Japan government-Bain group to buy chip unit, big hurdles remain Toshiba Corp (6502.T) has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for […]
Oil slump spooks investors, China stocks underwhelmed by MSCI A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks. The slide in energy costs boosted […]
Former Credit, Prepaid-Card Executive to Lead U.S. Student Loan Program Education Secretary Betsy DeVos on Tuesday tapped a former credit card and prepaid-card executive to lead the U.S. government’s $1.4 trillion student loan program, replacing the chief operating officer who resigned last month. DeVos said her choice, A. Wayne Johnson, […]
U.S. to seek to block DraftKings, Fan Duel fantasy sports merger U.S. to seek to block DraftKings, Fan Duel fantasy sports merger:- The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 […]
Nestle buys minority stake in U.S. ready meals group Freshly Nestle (NESN.S) said on Tuesday it has acquired a minority stake in U.S. group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to improve the health profile of its sprawling portfolio. The Swiss food giant said it […]
Tech CEOs meet with Trump on government overhaul President Donald Trump met on Monday with the heads of 18 U.S. technology companies including Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O), seeking their help to make the government’s computing systems more efficient. The White House wants to update […]
Boeing sees strong interest in potential new 737 model Boeing sees strong interest in potential new 737 model:- Boeing (BA.N) has received strong interest in a potential new member of its best-selling 737 aircraft range, the planemaker’s new commercial chief said on Sunday. Boeing is expected to launch the 190-230 […]
U.S. bank investors hope Fed stress test results lead to big payouts Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial […]
