Exclusive: Standard Chartered expected to pay just over $1 billion to resolve U.S., U.K. probes
NEW YORK (Reuters) – London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly…
Swedbank chairman quits over money laundering scandal
STOCKHOLM (Reuters) – Swedbank Chairman Lars Idermark has quit only a week after the lender’s chief executive was ousted over…
Biotech crops still a sticking point in U.S.-China trade deal: sources
WASHINGTON (Reuters) – China’s lengthy approval process for genetically modified crops remains a sticking point in talks to end the…
FAA launches new review of Boeing 737 MAX to ensure safety
WASHINGTON (Reuters) – The Federal Aviation Administration said late on Wednesday it is forming an international team to review the…
U.S. states sue to undo Trump rollback of healthy school lunch rules
NEW YORK (Reuters) – Several U.S. states sued the Trump administration on Wednesday to undo its recent decision that allowed…
Swiss drugmaker Novartis must face doctor kickback suit, U.S. judge rules
NEW YORK (Reuters) – Novartis AG must face a U.S. government lawsuit accusing it of paying millions of dollars in…
J&J baby shampoo samples fail Indian quality test; company rejects findings
NEW DELHI (Reuters) – Johnson & Johnson’s baby shampoo samples failed quality tests conducted by the northwestern Indian state of…
Swiss drugmaker Novartis must face doctor kickback suit, U.S. judge rules
NEW YORK (Reuters) – Novartis AG must face a U.S. government lawsuit accusing it of paying millions of dollars in…
U.S., China report progress in Beijing trade talks
BEIJING/PALM BEACH, Fla. (Reuters) – U.S. President Donald Trump said on Friday that trade talks with China were going very…
Wells Fargo CEO Tim Sloan steps down
(Reuters) – Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as chief executive, becoming the second…
U.S. lawsuit filed against Boeing over Ethiopian Airlines crash
(Reuters) – A lawsuit against Boeing Co was filed in U.S. federal court on Thursday in what appeared to be…
U.S.’ Mnuchin says had ‘productive working dinner’ in China
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation, speaks to the media upon his…
New Jersey jury finds J&J not liable in latest talc cancer trial
(Reuters) – A New Jersey jury on Wednesday cleared Johnson & Johnson of liability in a lawsuit brought by a…
J&J settles three mesothelioma talc cases-plaintiffs’ lawyer
A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24,…
New Jersey jury finds J&J not liable in latest talc cancer trial
(Reuters) – A New Jersey jury on Wednesday cleared Johnson & Johnson of liability in a lawsuit brought by a…
U.S. transport chief questions Boeing decisions on 737 MAX safety features
WASHINGTON (Reuters) – The top U.S. Transportation Secretary questioned on Wednesday why Boeing Co did not require safety features on…
Dueling Qualcomm, Apple rulings leave battle lines unchanged
(Reuters) – Split decisions on Tuesday by a U.S. government panel in acrimonious patent disputes between iPhone-maker Apple and chip…
Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
NEW YORK (Reuters) – Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a…
Musk’s lawyers say U.S. SEC has not met heavy burden to show contempt
FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying…
Jazz Pharma’s sleep disorder treatment gets FDA nod
(Reuters) – The U.S. Food and Drug Administration approved Jazz Pharmaceuticals Plc’s treatment for patients with a form of sleep…
German lawmakers challenge deputy finance minister’s Goldman link in bank merger
BERLIN/FRANKFURT (Reuters) – German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of…
Top Wall Street banks working on Deutsche-Commerzbank merger: sources
FRANKFURT (Reuters) – Goldman Sachs and Citi are helping Germany’s two biggest lenders work on their potential $28 billion-plus merger,…
Deutsche Bank merger talks with Commerzbank raise job fears, lift shares
BERLIN/FRANKFURT (Reuters) – Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on…
Apple infringed three Qualcomm patents, jury finds
(Reuters) – Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with…
Hong Kong suspends UBS, fines it and other top banks $100 million for IPO failures
HONG KONG (Reuters) – Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for…
California jury awards $29 million to woman with cancer who used J&J talc
(Reuters) – A California jury on Wednesday awarded $29 million to a woman who said that asbestos in Johnson &…
Elon Musk’s defense of his Tesla tweet will get SEC response
(Reuters) – The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc…
U.S. airlines stand by 737 MAX as some customers, nations reject it
CHICAGO (Reuters) – The three U.S. airlines using Boeing Co’s 737 MAX continued to stand by the aircraft on Tuesday,…
EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move
ADDIS ABABA/PARIS (Reuters) – The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing…
Wells Fargo CEO avoids major stumble at heated congressional hearing
WASHINGTON (Reuters) – Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof…
U.S. telecoms regulator stops clock on Sprint, T-Mobile merger review
WASHINGTON (Reuters) – The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day “shot clock” on…
Democrats probe whether White House interfered in AT&T Time Warner merger
(Reuters) – Two U.S. House Democrats asked the White House and Justice Department to turn over documents that could show…
Long before Trump’s trade war with China, Huawei’s activities were secretly tracked
(Reuters) – The surprise arrest of Huawei’s chief financial officer in December quickly turned the executive, Meng Wanzhou, into a…
J&J nasal spray gets U.S. approval as first new type of anti-depressant in decades
(Reuters) – The U.S. Food and Drug Administration on Tuesday said it approved a Johnson & Johnson nasal spray antidepressant…
FDA chief tough on e-cigs steps down in surprise resignation
WASHINGTON (Reuters) – U.S. Food and Drug Administration Commissioner Scott Gottlieb said on Tuesday that he plans to step down…
U.S. seeks to cut dialysis costs with more home care versus clinics
(Reuters) – The Trump administration is working on a new payment approach for treating kidney disease that favors lower cost…
Exclusive: U.S. to issue meat company guidelines as recalls pile up – official
CHICAGO (Reuters) – The U.S. government plans to issue new guidelines for food companies as early as this week after…
China says it welcomes delay on U.S. tariff increase
FILE PHOTO: U.S. Trade Representative Robert Lighthizer (7thR), Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, White House economic adviser…
U.S. says rejects WTO’s ‘straitjacket’ of trade obligations
WASHINGTON (Reuters) – The Trump administration filed another salvo at the World Trade Organization on Friday, saying U.S. trade policy…
Exclusive: Huawei plans billions in dividends for staff despite row with U.S. – sources
HONG KONG (Reuters) – China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends…
New cancer-causing toxin found in recalled blood pressure pills
(Reuters) – U.S. health regulators said on Friday a third cancer-causing toxin was found in some blood pressure pills recalled…
U.S. Senator Sanders urges FDA to allow older versions of $375,000 drug
(Reuters) – U.S. Senator Bernie Sanders this week urged regulators to allow pharmacies and manufacturers to resume distributing unbranded, lower-cost…
Brazil health agency concludes safety evaluation of weedkiller glyphosate
BRASILIA (Reuters) – Brazil’s health agency has concluded a re-evaluation of the safety of the weedkiller glyphosate, the most widely-used…
U.S., China sprint to seal deal ahead of Trump’s deadline
WASHINGTON (Reuters) – U.S. and Chinese negotiators met for over seven hours on Saturday to resolve their trade dispute and…
Trump says he’s inclined to extend China trade deadline and meet Xi soon
WASHINGTON (Reuters) – President Donald Trump said on Friday there was “a very good chance” the United States would strike…
Novartis gene therapy would be cost effective up to $900,000: U.S. group
(Reuters) – An experimental gene therapy for spinal muscular atrophy (SMA) developed by Swiss drugmaker Novartis AG would be worth…
Italian ruling-party lawmakers push for Huawei ban: paper
FILE PHOTO: The logo of Huawei Technologies in front of the German headquarters of the Chinese telecommunications group in Duesseldorf,…
U.S., China haggle over toughest issues in trade war talks
WASHINGTON (Reuters) – Top U.S. and Chinese trade negotiators haggled on Thursday over the details of a set of agreements…
Standard Chartered fined $133 million by Britain’s financial watchdog
People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo (Reuters)…
U.S. settles with Teva over keeping generic drugs off market
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz,…
Honda to shut UK car plant in 2022 with the loss of 3,500 jobs
LONDON (Reuters) – Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022…
Honda to close UK car plant with the loss of 3,500 jobs
LONDON (Reuters) – Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022…
Britain does not support total Huawei network ban: sources
(Reuters) – British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations…
France suggests glyphosate exit could be even slower than planned
PARIS (Reuters) – Only half of France’s farmland could do without glyphosate-based weed-killers by 2021, the country’s farm minister suggested,…
EU clinches copyright overhaul deal, tech giants in focus
BRUSSELS (Reuters) – The European Union is set to rewrite its two-decades-old copyright rules which will force Alphabet Inc’s Google…
China, U.S. start high-level trade talks in Beijing: Xinhua
U.S. trade representative Robert Lighthizer leaves a hotel in Beijing for talks with Chinese officials, China, February 14, 2019. REUTERS/Thomas…
U.S.’ Mnuchin says ‘looking forward’ to China trade talks
U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation to China, leaves a hotel in Beijing for…