Tesla’s Musk calls Wall Street snub ‘foolish’ but defends his behavior
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to snub analysts on a conference call earlier in the week,…
Buffett’s Berkshire swings to rare loss but performs better
OMAHA, Neb. (Reuters) – Warren Buffett lost money but had a pretty good quarter. A shareholder takes a picture of a drawing of Warren Buffett at the Berkshire Hathaway Inc…
U.S. drug agency suspends Louisiana distributor over opioid sales
WASHINGTON (Reuters) – The U.S. Drug Enforcement Administration said on Friday it had suspended a Louisiana pharmaceutical distributor from selling controlled substances for allegedly selling unusually large quantities of opioids…
Exclusive: Redstone makes concessions on Viacom CEO to clinch CBS merger – sources
(Reuters) – Shari Redstone, the media heiress whose family controls CBS Corp (CBS.N) and Viacom Inc (VIAB.O), has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO…
Printing body parts in hospital shows 3D tech’s growing reach
NEW YORK (Reuters) – Three-dimensional printers are letting doctors in Minnesota make simulated body parts in a hospital and a Brooklyn startup create rocket engines designed to put satellites into…
Four found guilty in insider trading case linked to U.S. health agency
NEW YORK (Reuters) – Two partners at the hedge fund Deerfield Management and two others were found guilty on Thursday of charges stemming from what prosecutors have described as an…
FDA chief questions protections on drug rebates, stocks fall
(Reuters) – U.S. Food and Drug Administration chief Scott Gottlieb on Thursday questioned whether rebates that drugmakers provide to health insurers should remain protected by federal law, sparking new concerns…
Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – The U.S. Justice Department on Thursday disclosed the filing of criminal charges against former Volkswagen AG (VOWG_p.DE) Chief Executive Martin Winterkorn, accusing him of conspiring to cover…
Scientists devise new, more accurate peanut allergy test
LONDON (Reuters) – British scientists have developed a far more accurate blood test to diagnose peanut allergy, offering a better way to monitor a significant food hazard. Peanuts are the…
U.S. investment house backs changes at Australia’s scandal-hit AMP: Fairfax
SYDNEY (Reuters) – The largest shareholder in Australia’s AMP Ltd (AMP.AX), U.S. investment house Harris Associates, supports the ouster of top executives after damaging revelations of misconduct at the wealth…