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Updated: 9 hours 56 min ago

U.S. federal judge orders FDA to implement 10-month deadline for e-cig applications

Sat, 07/13/2019 - 10:48
A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs Inc whose products have come under intense scrutiny for their popularity among teenagers.

Lockheed Martin plans to expand Milwaukee plant workforce by 15%

Sat, 07/13/2019 - 10:45
Defense contractor Lockheed Martin Corp said on Friday it plans to increase the workforce at its approximately 300-person Milwaukee facility by more than 15% this year.

Mexico faces headwinds to growth as oil production slows: Fitch Solutions

Sat, 07/13/2019 - 10:45
Mexico will face "significant headwinds" for economic growth, as slowing activity in its oil and gas sector weighs on industrial production, Fitch Solutions Macro Research said on Friday.

U.S. markets regulator joins calls for speedy transition away from Libor

Sat, 07/13/2019 - 10:43
The U.S. markets regulator on Friday added its voice to the chorus of global watchdogs calling for banks to promptly end their use of the Libor lending benchmark, warning that the industry was running out of time ahead of a 2021 deadline.

Brazil lower house pension reform vote hits delay as savings cut

Sat, 07/13/2019 - 10:43
Brazil's lower house of Congress may not vote on a landmark pension reform bill until August, leaders said on Friday, as intense negotiation over amendments delayed the process and reduced savings derived from the overhaul.

U.S. refiners in path of Storm Barry to keep running

Sat, 07/13/2019 - 10:40
Most U.S. refiners with plants in the path of Tropical Storm Barry scrambled on Friday to keep them running, as the storm continued to strengthen and was projected to become the season's first hurricane.

IMF to ship $5.4 billion to Argentina under standby loan deal

Sat, 07/13/2019 - 10:39
The International Monetary Fund board said on Friday it would ship $5.4 billion (£4.3 billion) in cash to Argentina after approving a fourth review of a standby credit deal with the crisis-stricken South American nation.

Trump administration freezing fuel efficiency penalties

Sat, 07/13/2019 - 10:15
The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements.

Indivior loses appeal to block generic Suboxone opioid treatments

Sat, 07/13/2019 - 09:10
A divided federal appeals court on Friday ruled against Indivior Plc in its bid to stop Dr. Reddy's Laboratories Ltd and Alvogen from selling generic versions of its opioid addiction treatment Suboxone film that infringed its patents.

U.S. regulators approve $5 billion Facebook settlement over privacy issues - source

Sat, 07/13/2019 - 08:27
The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company's handling of user data, a source familiar with the situation said on Friday.

Wall Street Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects

Sat, 07/13/2019 - 05:53
Results from two major U.S. railroads next week are likely to attract more scrutiny than usual as investors look for signs of how deeply U.S. President Donald Trump's multi-front trade war is affecting freight companies and the wider economy.

VW zooms ahead in extension of alliance with Ford to electric, automated cars

Sat, 07/13/2019 - 03:53
Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.

AB InBev pulls Budweiser listing, cancelling year's largest IPO

Sat, 07/13/2019 - 03:23
Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd , in what would have been the world's biggest initial public offering (IPO) of 2019.

Wall Street notches all-time highs on lingering rate-cut optimism

Sat, 07/13/2019 - 03:08
All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week's kickoff of the corporate earnings season.

J&J faces U.S. criminal probe related to baby powder - Bloomberg

Sat, 07/13/2019 - 02:46
The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder and has convened a grand jury in Washington, Bloomberg reported on Friday, citing people with knowledge of the matter.

Infosys raises FY guidance as June-quarter profit beats estimates

Fri, 07/12/2019 - 16:40
Infosys Ltd beat estimates for June-quarter profit and raised revenue forecast for the fiscal year, as India's No. 2 IT services firm bagged more business from its dominant North American and European markets.

China's June exports, imports fall as trade war takes heavier toll

Fri, 07/12/2019 - 16:16
China's exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world's second-largest economy and slackening global growth.

Want to invest responsibly? A new breed of stock exchange aims to help

Fri, 07/12/2019 - 16:12
LONDON/NEW DELHI (Thomson Reuters Foundation) - From renewable energy companies to social housing funds, investors around the world are increasingly drawn to organisations that offer social or environmental as well as financial returns.

Oil prices climb on tropical storm and geopolitical tensions

Fri, 07/12/2019 - 16:07
Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

Gold climbs on fresh trade tensions, Fed rate cut bets

Fri, 07/12/2019 - 16:06
Gold prices rose on Friday and were on track to post a weekly gain, consolidating above $1,400 as renewed Sino-U.S. trade tensions amid global growth jitters and prospects of an interest rate cut by the U.S. Federal Reserve stoked safe-haven demand.