Category: Business

Johnson & Johnson (JNJ.N) has agreed to pay $40.5 million to settle New Hampshire’s claims over the company’s role in the U.S. opioid epidemic, averting a trial that had been scheduled to begin next week. Thursday’s settlement resolves a lawsuit brought in 2018 against Johnson & Johnson and its Janssen Pharmaceuticals unit. New Hampshire accused […]

Ford Motor Co (F.N) is recalling 198,000 SUVs in the United States to replace the blower motor assembly after reports of 25 fires, it said on Thursday. The recall covers 2015-2017 model year Ford Expedition and Lincoln Navigator vehicles. Ford said it had three reports of fires linked to property damage to structures and one […]

Campbell Soup Co (CPB.N) warned on Thursday of a bigger pinch for consumers in the coming year from recent price rises and said its older customers were seeking cheaper store-brand options over its soups and broths amid a rise in cost of living. Shares of the more than 150-year-old U.S. company fell about 4% after […]

A judge has ruled in favor of Illumina Inc (ILMN.O) in its acquisition of Grail Inc (GRAL.O) dealing a blow to the U.S. Federal Trade Commission’s efforts to unwind the multi-billion-dollar deal, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The FTC had sought to stop Illumina’s $7.1 billion proposed […]

New restrictions on exports of cutting-edge chips from Nvidia Corp (NVDA.O) to China have signaled an escalation of the U.S. crackdown on Beijing’s technological prowess and alarmed investors already worried about an industry downturn. Shares of Nvidia fell 11% to $133.46 on Thursday, wiping out more than $40 billion in market value and dragging the […]

The number of Americans filing new claims for unemployment benefits fell to a two-month low last week while layoffs dropped in August, suggesting the Federal Reserve would need to continue aggressively raising interest rates to slow the labor market. The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on […]

Argentina’s central bank could hike the benchmark interest rate to 75% this month, a source with direct knowledge of the board’s discussions said on Thursday, in a bid to support the embattled peso currency amid one of the world’s highest inflation rates. That would be a 550 basis point jump from the current level of […]