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Wed, Dec 19, 2018
2:56 amIndian regulator to test samples of J&J baby powder: media
India's federal drug regulator will on Wednesday seize samples of Johnson & Johnson's baby powder for testing, local media said, following a Reuters report that the company knew for decades that cancer-causing asbestos lurked in the product.
2:45 amSoftBank telco suffers rare Japan drop on debut after record IPO
SoftBank Corp shares slumped more than 12 percent on debut, as investor appetite for Japan's biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei.
2:07 amElon Musk's Boring Company set to unveil its first Los Angeles-area tunnel
The Boring Company, Elon Musk's underground transit venture, planned an unveiling of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to "just start digging" as a remedy.
1:55 amOil prices climb after tumble on hint markets stabilizing
Oil prices rebounded on Wednesday after falling for the past three sesssions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize.
1:26 amInvestors revolt against executive pay plans at tarnished Australian banks
Shareholders voted against the executive remuneration plans of two of Australia's biggest banks on Wednesday following misconduct revelations that have swept through the country's financial sector.
12:51 amMicron sales, profit miss estimates as chip glut hurts prices
U.S. chipmaker Micron Technology Inc gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening.
12:19 amAsian business confidence wallows near three-year low on trade worries: Thomson Reuters/INSEAD
A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey showed.
Tue, Dec 18, 2018
11:32 pmAsia tenses for Fed call, oil slide boosts bonds
Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the session.
10:39 pmSears to take $443 million in charges arising from store closures
Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday.
10:29 pmOil drops over 5 percent on economic slowdown fears, supply glut
Oil prices tumbled more than 5 percent on Tuesday in heavy trade due to fears of oversupply and deteriorating demand, extending a selloff that has taken major crude benchmarks down more than 30 percent from an October peak.
10:00 pmFedEx sees global trade slowdown, says U.S. economy still 'solid'
FedEx Corp on Tuesday slashed its 2019 forecast after Europe's economy weakened and the U.S. trade row exacerbated a slowdown in China, sending shares in the package delivery company tumbling more than 6 percent after the closing bell.
9:10 pmHigh taxes could hasten bank moves from Britain after Brexit
Britain risks driving banks overseas if current high levels of taxation on the industry are maintained after Brexit, a bank lobby group said on Wednesday.
8:10 pmS&P flat as government shutdown threat, Fed decision loom
The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.
8:08 pmJ&J moves to limit impact of Reuters report on asbestos in Baby Powder
Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased tens of billions of dollars from the company’s market value.
7:29 pmLockheed Martin wins $585 million U.S. defense contract: Pentagon
Lockheed Martin Corp has been awarded a $585 million U.S. defense contract for a Homeland Defense Radar in Hawaii, the Pentagon said on Tuesday.
7:05 pmJudge mulls using monitor to oversee CVS during court process
A federal judge said on Tuesday that he was considering using a court-appointed monitor to make sure CVS Health Corp refrains from fully integrating with insurer Aetna while he examines the companies' settlement with the government.
7:03 pmYelp, Consumer Watchdog lose Google intervention bid
Search company Yelp and lobby group Consumer Watchdog lost their joint bid to intervene in Google's challenge of a 2.4 billion euro ($2.7 billion) EU antitrust fine after a court said they had no direct interest in the case.
7:01 pmUber gets approval from Pennsylvania to resume self-driving testing
Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show, nine months after it suspended the program following a deadly accident in Arizona.
6:44 pmTrump pressures Fed before meeting, warns against 'another mistake'
U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank prepared to start its two-day policy meeting, warning the Fed's board not to "make yet another mistake" ahead of an expected interest rate hike.
6:33 pmStocks dip ahead of Fed news; oil prices drop
Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.
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