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After $195 million in talc verdicts, J&J strives to change court
12:12 - 07.11.2016 -

After a $67.5 million jury verdict against Johnson & Johnson (JNJ.N) on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the trend by having the cases heard in a different court. All three awards, totaling around $195

Risk plays roar back as Clinton’s prospects brighten
12:12 - 07.11.2016 -

Stocks and the dollar posted their biggest gains in weeks on Monday after the FBI said it stood by an earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton. The news lifted a cloud over Clinton’s presidential campaign two days before the U.S. election and put Wall Street firmly on track to

Commentary: Don’t be so sure Russia hacked the Clinton emails
19:19 - 02.11.2016 -

Last summer, cyber investigators plowing through the thousands of leaked emails from the Democratic National Committee uncovered a clue. A user named “Феликс Эдмундович” modified one of the documents using settings in the Russian language. Translated, his name was Felix Edmundovich, a pseudonym referring to Felix Edmundovich Dzerzhinsky, the chief of the Soviet Union’s first

Hong Kong legislature delays swearing-in of pro-independence lawmakers amid pressure
15:15 - 25.10.2016 -

The president of the Hong Kong legislature on Tuesday delayed the swearing-in of two pro-independence lawmakers and temporarily banned them from attending meetings, an unprecedented move that follows weeks of pressure from factions loyal to Beijing. The promotion of independence has long been taboo in the former British colony, governed under the “one country, two

Nissan-Renault says open to partnerships to develop new car technologies
15:15 - 25.10.2016 -

Nissan Motor Co Ltd (7201.T) and Renault SA (RENA.PA) are open to partnerships with other companies to equip their vehicles with sophisticated technology as automakers race to develop the cars of the future, the pair’s connected vehicles chief said. Global automakers are competing with industry rivals and technology firms to develop self-driving cars and mobility

UK banks fear public, politicians set against them on Brexit
15:15 - 25.10.2016 -

For decades, Britain’s bankers have relied on their industry’s outsized status in the economy to find a receptive ear in government. But in the aftermath of the country’s vote to leave the European Union, the sector that generates about a tenth of national economic output is grappling with an uncomfortable new reality where economics doesn’t

General Motors third-quarter earnings widely beat expectations
15:15 - 25.10.2016 -

General Motors Co reported much higher-than-expected third-quarter earnings on strong North American truck and SUV sales, blowing past fears that a U.S. market slowdown would dent profitability. GM said on Tuesday that it expected full-year results would be on the “high end” of its previous forecasts of $5.50 to $6.00 a share. Rival Ford Motor

Stock futures flat as investors assess earnings; Apple eyed
15:15 - 25.10.2016 -

U.S. stock index futures were little changed on Tuesday as investors await earnings reports from a host of companies, including Apple. Dow component Merck (MRK.N) rose 2.2 percent to $62.10 in premarket trading after the company reported a 19.6 percent rise in quarterly net profit.. Apple (AAPL.O), which is scheduled to report results after the

New York governor approves new regulations on Airbnb
12:12 - 22.10.2016 -

New York Governor Andrew Cuomo approved legislation on Friday that would place new regulations on online home rental companies like Airbnb. Existing New York state law bars most urban apartment-dwellers from renting out their units for less than 30 days if they are not present. The law recently passed by the state legislature would bar

Iraq storms main Christian town near Mosul as Carter arrives in Baghdad
12:12 - 22.10.2016 -

The Iraqi army on Saturday stormed a Christian town that had been under control of Islamic State since 2014 as part of U.S.-backed operations to clear the entrances to Mosul, the militants’ last major city stronghold in Iraq. The advance took place as U.S. Defense Secretary Ash Carter arrived on a visit to Baghdad to

Cyber attacks disrupt PayPal, Twitter, other sites
11:11 - 22.10.2016 -

Hackers unleashed a complex attack on the internet through common devices like webcams and digital recorders and cut access to some of the world’s best known websites on Friday, a stunning breach of global internet stability. The attacks struck Twitter, Paypal, Spotify and other customers of an infrastructure company in New Hampshire called Dyn, which

California launches criminal probe into Wells Fargo account scandal
15:15 - 20.10.2016 -

The California Attorney General’s Office has launched a criminal investigation into Wells Fargo (WFC.N) over allegations it opened millions of unauthorized customer accounts and credit cards, according to a seizure warrant seen by Reuters. Attorney General Kamala Harris authorized a seizure warrant against the bank that seeks customer records and other documents, saying there is

Global stocks nudge higher after final U.S. presidential debate
15:15 - 20.10.2016 -

Stock markets inched higher but the Mexican peso was mixed after the third and final U.S. presidential debate, which was judged to have given no clear boost to Donald Trump’s hopes of winning the White House. The peso is seen as the chief proxy for market pricing of the Republican candidate’s chances in view of

U.S. jobless claims rise more than expected
15:15 - 20.10.2016 -

The number of Americans filing for unemployment benefits rose more than expected last week, but remained below a level that is associated with a strong labor market. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 260,000 for the week ended Oct. 15, the Labor Department said on Thursday. That marked 85

Theresa May to step into Brussels lions’ den
20:20 - 18.10.2016 -

Theresa May’s first EU summit was never going to be easy but Thursday’s encounter in Brussels may be a thoroughly bleak affair now that fellow leaders feel she has taken a hard line on breaking away from the European Union. The British prime minister caught the other 27 off guard on Oct. 2 when, having

IBM third quarter revenue falls, but tops forecasts on cloud, analytics growth
20:20 - 18.10.2016 -

International Business Machines Corp posted better-than-expected third-quarter revenue on Tuesday, helped by growth in the company’s cloud and analytics businesses. Under Chief Executive Ginni Rometty, the technology services company has shifted toward more profitable areas, such as cloud services, artificial intelligence, analytics, and security while trimming its traditional hardware and services businesses. Revenue from those

Vietnam gives thumbs-up to U.S. regional role as pivot stumbles
20:20 - 18.10.2016 -

Vietnam supports U.S. “intervention” in the Asia-Pacific if it helps keep peace and stability, the defense ministry said, in a timely endorsement of a continued U.S. presence amid uncertainty over Washington’s faltering “pivot”. Vice defense minister, Senior Lieutenant-General Nguyen Chi Vinh, met on Monday with Cara Abercrombie, the U.S. Deputy Assistant Secretary of Defense for

Once jobless and uncounted, eager workers could slow Fed rate hike
20:20 - 18.10.2016 -

The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described

S&P 500 earnings now expected to show growth for third quarter
20:20 - 18.10.2016 -

S&P 500 earnings are now expected have increased slightly in the third quarter, reversing forecasts for another quarter of profit declines, Thomson Reuters data shows. A quarter of profit growth would mark an end to the U.S. profit recession that began in the third quarter of 2015 and fuel investor hopes that better earnings can

Rising gasoline, rents push U.S. inflation higher in September
19:19 - 18.10.2016 -

U.S. consumer prices recorded their biggest gain in five months in September as the cost of gasoline and rents surged, pointing to a steady pickup of inflation that could keep the Federal Reserve on track to raise interest rates in December. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last