Uber’s quarterly loss widens as costs rise; shares fall
(Reuters) – Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as the company tries to outspend competitors…
Comcast launches tools to improve ad targeting on TV
FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike…
Caterpillar lays off 120 workers as trade war hits sales
CHICAGO (Reuters) – Caterpillar Inc (CAT.N) has laid off 120 temporary workers at a plant in Texas following its decision…
U.S. Supreme Court rejects Charter appeal of Sprint patent verdict
FILE PHOTO: The U.S. Supreme Court building is pictured in Washington, U.S., March 20, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) –…
SoftBank to tighten governance at start-ups after WeWork debacle: FT
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July…
U.S. House Democrats to continue probe after Boeing testimony
WASHINGTON (Reuters) – The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee…
Uber’s quarterly loss widens as costs rise; shares fall sharply
(Reuters) – Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as costs soared at the ride-hailing company,…
Under Armour cuts revenue forecast; federal probe weighs on shares
(Reuters) – Under Armour Inc (UA.N) (UAA.N) on Monday cut its forecast for annual revenue for a second time this…
UAW union president takes leave of absence under cloud of U.S. federal probe
DETROIT (Reuters) – The president of the United Auto Workers union, who has been linked here to an ongoing corruption…
Novartis arthritis drug fails to prove it is significantly better than rival
FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland…
Encana plans move to the U.S., changes name
FILE PHOTO: Encana offices is pictured in Parachute, Colorado, U.S. on December 10, 2014. REUTERS/Jim Urquhart/File Photo (Reuters) – Canadian…
Lyft sees ‘path to profitability’ as riders, revenues increase
(Reuters) – Ride-hailing company Lyft Inc (LYFT.O) on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was…
Aramco IPO will come soon, Saudi crown prince to decide: energy minister
FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim…
Amgen posts higher biosimilar sales, ends neuroscience program
(Reuters) – Amgen Inc on Tuesday said competition for its older drugs sent third-quarter revenue down 3%, but biosimilar sales…
J&J says new tests find no asbestos in same baby powder bottle that sparked recall
(Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday that 15 new tests found no asbestos in a bottle of…
J&J says new tests find no asbestos in same baby powder bottle that sparked recall
(Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday that 15 new tests found no asbestos in a bottle of…
Ex-FDA chief Gottlieb sees investment opportunity in ‘unloved’ antibiotics
NEW YORK (Reuters) – As a private investor, former U.S. Food and Drug Administration Commissioner Scott Gottlieb is focused on…
Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell
LOS ANGELES/NEW YORK (Reuters) – Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby…
Two charities to pay $6 million to resolve U.S. pharma kickback probe
BOSTON (Reuters) – Two charities will pay $6 million to resolve claims they operated as pass-throughs for seven pharmaceutical companies…
UAW turns to Ford after GM workers approve new contract
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Friday it has chosen Ford Motor Co (F.N) as the…
Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes
JAKARTA (Reuters) – Boeing (BA.N), acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of…
South Korea warns of ‘serious risk’ from vaping, considers sales ban
(Corrects to clarify that Juul’s statement in paragraph 12, bullet, said its products do not contain THC and vitamin E…
U.S. Treasury temporarily blocks creditor seizure of refiner Citgo
CARACAS (Reuters) – The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders…
Tesla shares, bonds jump after surprise third quarter profit
FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration…
SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork…
South Korea urges public to stop using liquid e-cigarettes
FILE PHOTO: A man uses a vape device in this illustration picture, September 19, 2019. REUTERS/Adnan Abidi/Illustration/File Photo SEOUL (Reuters)…
McDonald’s posts rare profit miss, shares drop
(Reuters) – McDonald’s Corp (MCD.N) missed Wall Street estimates for profit for the first time in two years on Tuesday…
Teva, three U.S. drug distributors reach opioid settlement – source
The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz, to discuss…
Factbox: Billion-dollar lawsuits accuse drugmakers, distributors of fueling U.S. opioid crisis
(Reuters) – On Monday, two Ohio counties reached a last-minute settlement with four companies they accused of fueling the nationwide…
Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial
CLEVELAND (Reuters) – Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S.…
Judge orders Massachusetts to redo parts of vaping ban
BOSTON (Reuters) – A Massachusetts judge on Monday ruled that a four-month ban on the sale of vaping products the…
WHO hails ‘triumph’ as Merck’s Ebola vaccine gets European green light
LONDON (Reuters) – The world’s first Ebola vaccine was recommended for approval by European drugs regulators on Friday in a…
Judge’s unorthodox approach has huge opioid settlement within reach
(Reuters) – From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country’s…
Johnson & Johnson says baby powder investigation could take 30 days or more
(Reuters) – Johnson & Johnson said on Friday its investigation into asbestos contamination of its baby powder could take 30…
Sanofi pulls Zantac from U.S. and Canada after carcinogen found
NEW YORK (Reuters) – Sanofi SA said on Friday it would recall popular heartburn medicine Zantac in the United States…
FDA approves Alexion’s Ultomiris for another rare blood disease
(Reuters) – The U.S. Food and Drug Administration on Friday approved Alexion Pharmaceuticals Inc’s treatment for a second rare blood…
Turkey says nothing will come of Halkbank case if law in U.S. works
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) –…
Opioid settlement talks fail, landmark trial expected Monday
CLEVELAND (Reuters) – A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug…
Drug firms offer to settle U.S. opioid suits with $50 billion package – sources
(Reuters) – Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value…
FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Let’s do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership
BRUSSELS (Reuters) – Chinese telecoms manufacturer Huawei Technologies sought on Wednesday to assuage European concerns that it is a cyber…
Huawei unveils new 5G antennae ahead of China ramp
ZURICH (Reuters) – Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the…
Boeing CEO says ‘fully supportive’ of board’s move to split jobs: memo
SEATTLE (Reuters) – Boeing Co (BA.N) Chief Executive Dennis Muilenburg told employees he was “fully supportive” of the board’s decision…
Air Canada drops 737 MAX from flight schedule until February 14
An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International Airport over a…
Facebook executive confident Libra will win enough financial backers
WASHINGTON (Reuters) – Facebook Inc (FB.O), whose digital currency project Libra has been abandoned by several high-profile partners including PayPal,…
Teva to donate over $15 billion worth of drugs in opioid settlement: source
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz,…
UAW, GM leaders have a deal to end strike, now workers will decide
DETROIT (Reuters) – General Motors Co (GM.N) and the United Auto Workers union reached a tentative deal on Wednesday for…
Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) on Wednesday said it faces a $79 million U.S. civil penalty for…
Production date for Boeing’s long-haul 777-8 up in air as Qantas weighs options
SINGAPORE (Reuters) – The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner will depend partly on…
Wall Street slips as weak economic data offsets earnings strength
NEW YORK (Reuters) – Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked…
IBM revenue misses on weakness in its biggest unit; shares fall 5%
(Reuters) – International Business Machines Corp (IBM.N) missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology…
Mexican billionaire Slim vows to invest in Mexico, touting economic prospects
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion…
Southeast Asia’s mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’…
SEC freezes assets of 18 traders over alleged manipulation
WASHINGTON (Reuters) – U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily…
Netflix shares jump as subscribers grow ahead of Disney, Apple attack
(Reuters) – Netflix Inc (NFLX.O) added slightly more paying subscribers than Wall Street expected in the third quarter, a relief…
Three drug distributors in talks to settle opioid litigation for $18 billion – WSJ
(Reuters) – Three drug distributors are in talks with state and local governments to settle thousands of opioid lawsuits for…