White House says ‘no recession in sight’ despite market turmoil
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before…
Genetic study implicates humans in demise of prehistoric cave bear
WASHINGTON (Reuters) – Genetic research that reconstructed the past population dynamics of the cave bear, a prominent prehistoric denizen of…
Furniture flame retardants may not stifle deadliest home fires
(Reuters Health) – Targeting the flammability of smoking materials like cigarettes, pipes and cigars, rather than fireproofing all furniture with…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before…
Disparities in access to best stroke treatment
(Reuters Health) – Less than 10% of U.S. stroke patients get a treatment that evidence shows is most effective for…
As Americans get heavier, obesity-linked cancers may strike earlier
Increasing numbers of middle-aged Americans appear to be developing cancers that can be associated with obesity, new data suggest. And…
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the…
Airbnb records 30% growth rate in first-quarter on booking strength: source
FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum…
U.S. surfboard makers not so stoked about China tariffs
LOS ANGELES (Reuters) – President Donald Trump’s decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers…
Deere to slash costs after trade war hits earnings
CHICAGO (Reuters) – Deere & Co. (DE.N) on Friday announced a review of costs after a combination of the U.S.-China…
Rental firm walks away from Tesla order after quality dispute
FRANKFURT (Reuters) – Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85…
U.S. housing market mired in weakness; consumer sentiment ebbs
WASHINGTON (Reuters) – U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction…
Tyson recalls nearly 40,000 pounds of Weaver chicken patties
FILE PHOTO: Traders gather at the post that trades Tyson Foods on the floor of the New York Stock Exchange…
Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such…
Oil rises alongside equities, but downbeat OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus…
Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest…
Trump says he is having dinner Friday with Apple CEO Cook
BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim…
Court leaves PG&E with sole right to submit bankruptcy plan
FILE PHOTO: PG&E crew work to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018.…
Amazon.com defeats IRS appeal in U.S. tax dispute
(Reuters) – Amazon.com Inc (AMZN.O) on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online…
Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries…
PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s…
PG&E to hold sole rights to bankruptcy exit plan: WSJ
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21,…
U.S. removes some Chinese furniture, modems from planned 10% tariffs
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song WASHINGTON…
EQM stops some work on WV-VA Mountain Valley natgas pipe
(Reuters) – EQM Midstream Partners LP (EQM.N) told U.S. federal regulators the company would stop some work on its long-delayed…
Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah…
Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries…
Uber driver convicted of raping intoxicated passenger
An Uber driver has been found guilty of raping an intoxicated woman he picked up at a casino near Philadelphia.…
Kentucky finds 1,000 teachers violated law during ‘sickouts’
An election-year investigation into teacher rallies at Kentucky’s Capitol found more than 1,000 educators violated state law by participating in…
Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic…
FDA proposes graphic warnings on cigarette packs, advertisements
(Reuters) – The U.S. Food and Drug Administration has proposed that cigarette packs carry graphic new health warnings including pictures…
Roche cancer treatment priced at $17,050 a month, lower than rival Vitrakvi
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
AbbVie prices new rheumatoid arthritis drug at $59,000 a year
(Reuters) – AbbVie Inc has priced its new rheumatoid arthritis treatment at $59,000 a year after gaining U.S. approval on…
Roche cancer treatment priced at $17,050 a month, lower than rival Vitrakvi
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
Edwards Lifesciences, Medtronic heart valves win FDA approval for expanded use
(Reuters) – Heart valve systems from Edwards Lifesciences Corp and Medtronic Plc have been approved for use in a condition…
Tyson recalls nearly 40,000 pounds of Weaver chicken patties
FILE PHOTO: Traders gather at the post that trades Tyson Foods on the floor of the New York Stock Exchange…
FDA approves Celgene’s bone marrow cancer treatment
(Reuters) – The U.S. Food and Drug Administration on Friday approved Celgene Corp’s Inrebic to treat certain rare forms of…
Tobacco industry anti-smoking ads reached less than half of U.S. adults
Court-ordered anti-smoking ads sponsored by the tobacco industry reached only around 40% of adults and about half of all smokers…
AbbVie prices new rheumatoid arthritis drug at $59,000/yr
(Reuters) – AbbVie Inc has priced its new rheumatoid arthritis treatment at $59,000 a year after gaining U.S. approval on…
Boxer charged with allowing pet cougar to escape in Florida
Authorities say a professional fighter allowed his pet cougar escape from his Florida home earlier this year. The Sun Sentinel…
Facebook failed to warn users of known risks before 2018 breach: court filing
(Reuters) – Facebook (FB.O) users suing the world’s largest social media network over a 2018 data breach say it failed…
Authorities: Woman pulls gator from pants during stop
Officials say a Florida woman who pulled a small alligator from her yoga pants during a traffic stop and illegally…
When the US imposes tariffs on Chinese goods, who pays?
In recent months, President Donald Trump has imposed tariffs on Chinese goods imported to the U.S. In the president’s view,…
U.S. FDA approves TB Alliance’s treatment for drug-resistant tuberculosis
(Reuters) – The U.S. Food and Drug Administration has approved TB Alliance’s treatment for drug-resistant tuberculosis as part of a…
Novartis replaces top scientists at Avexis after drug data manipulated
NEW YORK (Reuters) – Novartis AG said on Wednesday it replaced the two top research and development executives at its…
Poorer kids may have less shade in their schoolyards
(Reuters Health) – Elementary schools with the greatest proportions of poor children may have the least amount of shade in…
Air pollution, especially ozone, tied to worsening lung damage
(Reuters Health) – The more exposure people have to air pollution, especially ozone, the more lung damage they develop over…
India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on…
China’s economy worsens in July, industrial growth at 17-year low as trade war escalates
BEIJING (Reuters) – China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more…
Lion Air ‘urgently requires’ more 737 MAX jets to support growth: co-founder
FILE PHOTO: Lion Air’s Boeing 737 Max 8 airplane is parked on the tarmac of Soekarno Hatta International airport near…
Novartis names Bulto as new head of U.S. drugs business
FILE PHOTO: Logo of Swiss drugmaker Novartis is seen at its branch in Schweizerhalle near Basel, Switzerland, March 29, 2018.…
ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third…
WeWork preps for IPO with growing revenues and widening losses
(Reuters) – WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost…
Macy’s not looking to raise prices if new tariffs imposed: CEO
(Reuters) – Macy’s Inc (M.N) Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not…
Air Canada sees A220 jet delivering boost for key U.S. transit traffic
MONTREAL (Reuters) – Air Canada said on Wednesday it will launch a direct Seattle-Montreal service in May 2020 with its…
U.S. yield curve inversion highlights recession fears, Fed dilemma
NEW YORK (Reuters) – When the U.S. Federal Reserve cut interest rates last month for the first time in more…
Novartis says top R&D executives no longer at Avexis unit after test data manipulation
FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland…
Stocks, oil tank on growing signs of global slowdown
NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator…