FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through…
Kraft Heinz completes internal probe into its procurement practices
(Reuters) – Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an…
Beyond Meat sees sales more than doubling in 2019, shares jump 21%
(Reuters) – Beyond Meat Inc said it expects to more than double its revenue this year, sending the plant-based burger…
Fiat Chrysler withdraws merger offer for Renault: WSJ
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard (Reuters)…
Takeda scraps late-stage amyloidosis study
FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon/File…
Wall Street opens higher for second day on rate cut hopes
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 4,…
U.S. moving toward major antitrust probe of tech giants
WASHINGTON (Reuters) – The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and…
Alphabet shares slide 6% on possible DoJ antitrust probe
(Reuters) – Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google…
U.S. health officials report 41 new cases of measles last week
(Reuters) – The United States recorded 41 new measles cases last week, bringing the year’s total number of cases to…
GM to invest $24 mln in Fort Wayne plant, boost pickup production
FILE PHOTO: A door steel and aluminum door is welded at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant…
Best Buy keeps full-year view, warns of higher prices from more tariffs
(Reuters) – Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest…
Nordstrom cuts 2019 forecast after quarterly results miss big
(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter…
Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down,…
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo (Reuters)…
Trade group to hold meeting of airlines affected by Boeing’s grounded 737 MAX
FILE PHOTO: A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX…
U.S. measles outbreak grows with 75 new cases, mostly in New York
FILE PHOTO – One-year-old Bella Huang cries as medical assistants secure her legs for a series of vaccines at the…
Match Group quarterly revenue beats on higher Tinder subscribers
(Reuters) – Match Group beat quarterly revenue estimates on Tuesday, as it added more subscribers to its popular dating app,…
FDA grants Jacobus Pharma approval for rare disease drug
(Reuters) – Jacobus Pharmaceutical Co Inc on Monday won U.S. approval for the first drug to treat children with Lambert-Eaton…
Tyson Foods recalls almost 12 million pounds of chicken strips over contamination fears
(Reuters) – Tyson Foods Inc significantly expanded a recall of frozen, ready-to-eat chicken strips to close to 12 million pounds…
UK’s Vectura wins patent infringement case against GlaxoSmithKline in U.S
(Reuters) – British drugmaker Vectura Group Plc said on Saturday that it won a patent infringement litigation case against GlaxoSmithKline…
S&P 500 posts high, extends 2019 rally; Alphabet falls late
NEW YORK (Reuters) – The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long…
Google parent struggles with mobile clicks, YouTube changes, shares down 7%
(Reuters) – Alphabet Inc’s Google failed to reap the benefits of a strong economy that bolstered rivals in the first…
FDA approves expanded label for Regeneron/Sanofi’s cholesterol drug
(Reuters) – The U.S. Food and Drug Administration on Friday approved Regeneron Pharmaceuticals Inc’s cholesterol drug Praluent as a treatment…
Microsoft tops $1 trillion as it predicts more cloud growth
(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued…
Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the…
Walgreens, Rite Aid set minimum age to sell tobacco products at 21 years
(Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp will no longer sell tobacco products to customers…
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms…
Snap restarts user growth with original shows, Android overhaul
(Reuters) – Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in…
S&P 500, Nasdaq hit record closing highs on upbeat earnings
NEW YORK (Reuters) – The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on…
Walgreens, Rite Aid set minimum age to sell tobacco products at 21 years
(Reuters) – Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp will no longer sell tobacco products to customers…
Wall Street dips ahead of earnings deluge
(Reuters) – U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week,…
Kraft Heinz banks on Anheuser-Busch executive in strategy shift
(Reuters) – Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, changing leadership after…
Merck’s Keytruda wins FDA approval as combination therapy for kidney cancer
FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey,…
CDC reports 71 new measles cases in a week
FILE PHOTO: A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia September 30,…
U.S. intelligence says Huawei funded by Chinese state security: report
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday,…
PepsiCo results beat as new CEO’s ad push lifts sales
(Reuters) – PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and…
Tesla to shrink board to seven directors from 11
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next…
Air Canada pilots reviewing aircraft systems on Boeing’s MAX jets
FILE PHOTO – An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International…
Hudson Media chief James Cohen to buy National Enquirer
(Reuters) – American Media Inc (AMI) said on Thursday it is selling its tabloid the National Enquirer to James Cohen,…
Lower dose of Pfizer-Lilly painkiller misses main goals in late stage study
(Reuters) – A lower dose of non-opioid painkiller developed by Pfizer Inc and Eli Lilly and Co failed to meet…
Lower dose of Pfizer-Lilly painkiller misses main goals in late stage study
(Reuters) – A lower dose of non-opioid painkiller developed by Pfizer Inc and Eli Lilly and Co failed to meet…
Honeywell expects Boeing 737 MAX deliveries to resume in the second half of 2019
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton,…
Intel says to exit 5G smartphone modem business
FILE PHOTO: Intel’s logo is pictured during preparations at the CeBit computer fair, which will open its doors to the…
Qualcomm shares soar on surprise settlement with Apple of long legal dispute
(Reuters) – Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with…
Wall Street slips as bank earnings disappoint
NEW YORK (Reuters) – Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor…
Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
(Reuters) – Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion,…
U.S. measles cases surge nearly 20 percent in early April, CDC says
(Reuters) – The number of confirmed cases of measles in the United States this year jumped by nearly 20 percent…
Catalent seeks slice of gene therapy market with Paragon buy
(Reuters) – Contract drugmaker Catalent Inc said on Monday it would buy privately held Paragon Bioservices Inc for $1.2 billion…
Mattel’s Fisher Price recalls all ‘Rock ‘n Play’ models due to reports of death
(Reuters) – U.S. Consumer Product Safety Commission said on Friday that toymaker Fisher-Price has voluntarily recalled all its “Rock ‘n…
Teen cigarette smoking declining more slowly in rural U.S.
(Reuters Health) – The odds of smoking for U.S. adolescents are 50 percent higher in rural areas than in urban…
Pinterest seeks $15-$17 per share in IPO, below last private valuation
(Reuters) – Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public…
S&P 500, Nasdaq edge higher as earnings season looms
NEW YORK (Reuters) – The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in…
S&P 500, Nasdaq edge higher as earnings season looms
NEW YORK (Reuters) – The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in…
Zogenix’s seizure drug filing fails to pass U.S. FDA scrutiny
(Reuters) – The U.S. Food and Drug Administration on Monday refused to fully review the marketing application for Zogenix Inc’s…
Factbox: Who are PG&E's new directors?
PG&E Corp on Wednesday appointed Tennessee Valley Authority Chief Executive Officer William Johnson as its CEO and added 10 members…
PG&E names TVA’s William Johnson as CEO, reshuffles board
FILE PHOTO: Pacific Gas and Electric (PG&E) trucks are seen parked on a road between homes destroyed by the Tubbs…
Image sharing website Pinterest files for IPO
FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City,…
Wall Street tumbles on global economic slowdown fears
NEW YORK (Reuters) – Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting…
Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value
CHICAGO/TOKYO (Reuters) – Biogen Inc and partner Eisai Co Ltd are ending two late-stage trials of their experimental Alzheimer’s disease…